Reflects Information That Constitutes a Substantive Change From or Addition to the Information Set Forth in the Last Offering Circular (253g2)

Filed pursuant to Rule 253(g)(2)

File No. 024-11953

 

This Supplement No. 6, dated June 12, 2023 (which we refer to as “this supplement”), supplements, and should be read in conjunction with, the offering circular (the “Offering Circular”), dated March 28, 2023, of Landa App, LLC, a Delaware series limited liability company (which we refer to as “we,” “us,” “our” or “our company”), as supplemented. The purpose of this supplement is to update certain information for the following Series (the “Updated Series”):

 

●	Landa App LLC – 107 Oakwood Circle Griffin GA LLC
●	Landa App LLC – 6404 Walnut Way Union City GA LLC
●	Landa App LLC – 20 Chimney Smoke Drive Stockbridge GA LLC
●	Landa App LLC – 550 Cowan Road Covington GA LLC
●	Landa App LLC – 45 Laurel Way Covington GA LLC
●	Landa App LLC – 412 Kendall Lane McDonough GA LLC
●	Landa App LLC – 5411 Rocky Pine Drive Lithonia GA LLC
●	Landa App LLC – 2425 Cornell Circle McDonough GA LLC
●	Landa App LLC – 5581 Fox Glen Circle Lithonia GA LLC
●	Landa App LLC – 3667 Patti Parkway Decatur GA LLC

 

LANDA APP LLC

6 W. 18^th Street

New York, NY 10011 

[phone]

Landa.app

  

 

 

CURRENT AND PREVIOUS SERIES OFFERINGS 

  

Additional Borrowings, Refinance Note and Title Transfers

 

The tables below (the “Update Tables”) show key information related to the Updated Series and its underlying Property. The information in the Update Tables supersedes any contrary previous information contained in the Master Series Table included in the Offering Circular, which can be found here; all other information in the Offering Circular is otherwise unchanged.

 

On May 19, 2023, each of the following Updated Series entered into an Additional Borrowing with L Finance LLC, the terms of which are listed in the table below. Each Additional Borrowing is secured by the Property underlying the respective Updated Series and any other assets of the Updated Series, and bears interest at a rate that is the higher of SOFR+7%, or 12.5%.

 

Series		Principal Amount				Maturity Date
Landa Series 6404 Walnut Way		$	188,750			05/19/2024
Landa Series 20 Chimney Smoke Drive		$	200,075			05/19/2024
Landa Series 550 Cowan Road		$	196,300			05/19/2024
Landa Series 45 Laurel Way		$	162,325			05/19/2024
Landa Series 412 Kendall Lane		$	162,325			05/19/2024
Landa Series 5411 Rocky Pine Drive		$	181,200			05/19/2024
Landa Series 2425 Cornell Circle		$	234,050			05/19/2024
Landa Series 5581 Fox Glen Circle		$	284,635			05/19/2024
Landa Series 3667 Patti Parkway		$	245,375			05/19/2024

 

 

 

 

The foregoing is a summary of the terms of the Additional Borrowings and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the Refinance Note, a copy of which is filed as Exhibit 6.1 to our Form 1-U, filed on June 12, 2023, which can be found here.

 

On June 8, 2023, the Updated Series listed below entered into a Refinance Note with its affiliate, Landa Financing LLC, the terms of which are listed in the table below. The Refinance Note is secured by the Property underlying the respective Updated Series and any other assets of the Updated Series.

 

Series		Loan Amount				Annual Interest Rate		Loan Date		Maturity Date
Landa App LLC - 10121 Morris Drive SW Covington GA LLC		$	119,269			(1)		06/08/2023		06/08/2025

 

(1)	The Refinance Note bears interest at a rate that is equal to Overnight SOFR+2%.

 

The foregoing is a summary of the terms of the Refinance Note and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the Refinance Note, a copy of which is filed as Exhibit 6.2 to our Form 1-U, filed on June 12, 2023, which can be found here.

 

Additionally, on May 19, 2023, Landa Properties LLC (“Landa Properties”) transferred title (the “Transfer’) to the following properties (“Properties”) to the applicable Updated Series, as set forth in the table below. In connection with the Transfer, Landa Properties also assigned the applicable lease agreement for each of the Properties underlying each Updated Series to the applicable Updated Series.  

 

Series		Property
Landa App LLC – 6404 Walnut Way Union City GA LLC		6404 Walnut Way, Union City, GA, 30291
Landa App LLC – 20 Chimney Smoke Drive Stockbridge GA LLC		20 Chimney Smoke Drive, Stockbridge, GA 30281
Landa App LLC – 550 Cowan Road Covington GA LLC		550 Cowan Road, Covington, GA 30016
Landa App LLC – 45 Laurel Way Covington GA LLC		45 Laurel Way, Covington, GA 30016
Landa App LLC – 412 Kendall Lane McDonough GA LLC		412 Kendall Lane, McDonough, GA 30253
Landa App LLC – 5411 Rocky Pine Drive Lithonia GA LLC		5411 Rocky Pine Drive, Lithonia, GA 30038
Landa App LLC – 2425 Cornell Circle McDonough GA LLC		2425 Cornell Circle, McDonough, GA 30253
Landa App LLC – 5581 Fox Glen Circle Lithonia GA LLC		5581 Fox Glen Circle, Lithonia, GA 30038
Landa App LLC – 3667 Patti Parkway Decatur GA LLC		3667 Patti Parkway, Decatur, GA 30034

 

On June 8, 2023, Landa Properties LLC (“Landa Properties”) transferred title (the “Transfer’) to the following property (“Property”) to the Updated Series, as set forth in the Updated Table below. In connection with the Transfer, Landa Properties also assigned the applicable lease agreement for the Property to the Updated Series. 

 

Series		Property
Landa App LLC – 107 Oakwood Circle Griffin GA LLC		107 Oakwood Circle, Griffin, GA 30223

 

Lastly, the term “Refinance Lender”, as it’s referenced in the Offering Circular, is hereby amended to include a third party lender or an affiliate of the Manager.