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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Landa APP LLC (GM) | USOTC:RAWYS | 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% | 4.16 | 4.16 | 4.16 | 0.00 | 00:00:00 |
Filed pursuant to Rule 253(g)(2)
File No. 024-11953
This Supplement No. 13, dated September 22, 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, correct and supersede certain information for the following Series (the "Updated Series"):
LANDA APP LLC
20 W. 22nd Street
Suite 1411
New York, NY 10010
(646) 905-0931
Landa.app
CURRENT AND PREVIOUS SERIES OFFERINGS
Refinance Note, Title Transfer, and Property Insurance Expiration
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.
As previously disclosed in the Company's latest Offering Circular, which can be found here, each Series is expected to pay down, or otherwise discharge, the outstanding balance of its Acquisition Note with (i) the proceeds received in exchange for a commercial promissory note bearing interest at current market rates to be issued by a third party lender (a "Refinance Lender") after the qualification date of the offering statement of which the Offering Circular forms a part (a "Refinance Note"), and (ii) substantially all of the net proceeds from the Series Offering.
In furtherance of the above, on September 14, 2023, the Series listed below entered into a Refinance Note with Lima One Capital, LLC, the terms of each are listed in the table below. The Refinance Notes are secured by the Property underlying the respective Series and any other assets of the Series.
| Landa Series LLC Borrower | Loan Amount |
Interest Rate |
Loan Date | Maturity Date |
||||||
| Landa App LLC – 70 Shenandoah Lane Covington GA LLC | $ | 187,500 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 195 Branchwood Drive Covington GA LLC | $ | 180,000 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 6386 Forester Way Lithonia GA LLC | $ | 190,000 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 440 Freestone Drive Newnan GA LLC | $ | 187,650 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 5329 Shirewick Lane Lithonia GA LLC | $ | 204,000 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 1903 Old Concord Drive SE Covington GA LLC | $ | 168,750 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 1000 Fox Valley Trail Stone Mountain GA LLC | $ | 206,000 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 1443 Pebble Ridge Lane Hampton GA LLC | $ | 178,950 | (1) | 09/14/2023 | 11/1/2024 | |||||
| Landa App LLC – 141 Longstreet Circle Oxford GA LLC | $ | 212,400 | (1) | 09/14/2023 | 11/1/2024 | |||||
| (1) | Bears interest at 9.85% |
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 form of Commercial Promissory Note, a copy of which is filed as Exhibit 6.1 to our Form 1-U, filed on September 22, 2023, which can be found here .
Further, on September 14, 2023, Landa Properties LLC ("Landa Properties") transferred title (the "Transfer") of the following properties "Properties") to the Series set forth in the table below. In connection with the Transfer, Landa Properties also assigned the applicable lease agreement for the Properties to the Series.
| Series | Property | |
| Landa App LLC – 70 Shenandoah Lane Covington GA LLC | 70 Shenandoah Lane, Covington, GA, 30016 | |
| Landa App LLC – 195 Branchwood Drive Covington GA LLC | 195 Branchwood Drive, Covington, GA, 30016 | |
| Landa App LLC – 6386 Forester Way Lithonia GA LLC | 6386 Forester Way, Lithonia, GA, 30038 | |
| Landa App LLC – 440 Freestone Drive Newnan GA LLC | 440 Freestone Drive, Newnan, GA, 30265 | |
| Landa App LLC – 5329 Shirewick Lane Lithonia GA 30058 | 5329 Shirewick Lane, Lithonia, GA, 30058 | |
| Landa App LLC – 1903 Old Concord Drive SE Covington GA LLC | 1903 Old Concord Drive SE, Covington, GA, 30016 | |
| Landa App LLC – 1000 Fox Valley Trail Stone Mountain GA LLC | 1000 Fox Valley Trail, Stone Mountain, GA, 30088 | |
| Landa App LLC – 1443 Pebble Ridge Lane Hampton GA LLC | 1443 Pebble Ridge Lane, Hampton, GA, 30228 | |
| Landa App LLC – 141 Longstreet Circle Oxford GA LLC | 141 Longstreet Circle, Oxford, GA, 30054 |
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1 Month Landa APP (GM) Chart |
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