SEC Comment Letter 0000000000-24-006812 to Red Oak Capital Fund VII, LLC (CIK 0002023066)
Red Oak Capital Fund VII, LLC (CIK 0002023066)
Date: June 13, 2024 · CIK: 0002023066 · Accession: 0000000000-24-006812
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File numbers found in text: 024-12434
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United States securities and exchange commission logo
June 13, 2024
Gary Bechtel
Manager
Red Oak Capital Fund VII, LLC
5925 Carnegie Boulevard, Suite 110
Charlotte, NC 28209
Re:Red Oak Capital Fund VII, LLC
Offering Statement on Form 1-A
Filed May 13, 2024
File No. 024-12434
Dear Gary Bechtel:
We have reviewed your offering statement and have the following comments.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response. After
reviewing any amendment to your offering statement and the information you provide in
response to this letter, we may have additional comments.
Form 1-A filed May 13, 2024
Cover Page
1.Rule 253(b)(4) of Regulation A requires that you fix the volume of securities that you are
qualifying in this offering. Please state the volume of Series A Bonds, bearing interest at
8%, and Series Ra Bonds, bearing interest at 8.65% separately that you intend to qualify
in this offering here and elsewhere as appropriate.
General
2.We note that you plan to originate, acquire, and manage commercial real estate loans and
other commercial real estate-related debt instruments. However, you have not yet
identified any assets to acquire with the net proceeds of this offering. It appears that you
are conducting a blind pool offering. Accordingly, in order to provide investors with
adequate information on your management’s prior performance investing in mortgages
and real estate, compensation, your ability to make distributions of principal and interest
FirstName LastNameGary Bechtel
Comapany NameRed Oak Capital Fund VII, LLC
June 13, 2024 Page 2
FirstName LastName
Gary Bechtel
Red Oak Capital Fund VII, LLC
June 13, 2024
Page 2
on the bonds, please provide the disclosure consistent with Industry Guide 5 or tell us why
such disclosure is not appropriate. See Item 7(c) of Part II of Form 1-A for the
applicability of Guide 5 to Form 1-A.
We will consider qualifying your offering statement at your request. If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff. We also remind you that, following qualification of your Form 1-A, Rule 257
of Regulation A requires you to file periodic and current reports, including a Form 1-K which
will be due within 120 calendar days after the end of the fiscal year covered by the report.
Please contact Pearlyne Paulemon at 202-551-8714 or Pam Howell at 202-551-3357 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Rajiv Radia