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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Landa App 2 LLC (GM) | USOTC:LNDLS | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.00 | 7.00 | 7.00 | 0.00 | 01:00:00 |
Filed pursuant to Rule 253(g)(2)
File No. 024-11648
This Supplement No. 5, 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 27, 2023, of Landa App 2 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 2 LLC – 808 Home Trail Gastonia NC LLC |
● | Landa App 2 LLC – 4126 Oriely Drive West Jacksonville FL LLC |
LANDA APP 2 LLC
6 W. 18th Street
New York, NY 10011
(646) 905-0931
Landa.app
CURRENT AND PREVIOUS SERIES OFFERINGS
Additional Borrowings and Title Transfer
The tables below (the “Update Tables”) show key information related to each 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.
Series | Loan Amount | Annual Interest Rate | Loan Date | Maturity Date | ||||||
Landa Series 808 Home Trail | $ | 200,075 | (1) | 05/19/2023 | 05/19/2024 | |||||
Landa Series 4126 Oriely Drive West | $ | 167,610 | (1) | 05/19/2023 | 05/19/2024 |
(1) | Each Additional Borrowing bears interest at a rate that is the higher of SOFR+7%, or 12.5%. |
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 Additional Borrowings, forms of which are filed as Exhibit 6.1 and Exhibit 6.2, respectively, 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 Updated Table below. In connection with the Transfer, Landa Properties also assigned the applicable lease agreement for each of the Properties underlying the Updated Series to the applicable Updated Series.
Series | Property | |
Landa App 2 LLC – 808 Home Trail Gastonia NC LLC | 808 Home Trail, Gastonia, NC, 28052 | |
Landa App 2 LLC – 4126 Oriely Drive West Jacksonville FL LLC | 4126 Oriely Drive West, Jacksonville, FL, 32210 |
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.
1 Year Landa App 2 (GM) Chart |
1 Month Landa App 2 (GM) Chart |
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