LNDLS Landa App 2 LLC (GM)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 1-U

 

CURRENT REPORT PURSUANT TO REGULATION A

 

Date of Report (Date of earliest event reported): May 3, 2023

 

Landa App 2 LLC

(Exact name of issuer as specified in its charter)

 

Delaware		87-1767314
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

 

6 W. 18^th Street

New York, NY 10011

(Address of principal executive offices)

 

646-905-0931

(Issuer’s telephone number, including area code)

 

Membership Interests:
Landa App 2 LLC - 1096 Vincent Drive Mount Dora FL LLC		Landa App 2 LLC - 1120 9Th Court Pleasant Grove AL LLC
Landa App 2 LLC - 113 Hughes Avenue Sanford FL LLC		Landa App 2 LLC - 1434 Shirley Drive Lakeland FL LLC
Landa App 2 LLC - 1625 W McFarland Avenue Gastonia NC LLC		Landa App 2 LLC - 1713 Alfen Street Jacksonville FL LLC
Landa App 2 LLC - 1744 Mountain Drive Tarrant AL LLC		Landa App 2 LLC - 179 Poplar Springs Drive Mulga AL LLC
Landa App 2 LLC - 200 15th Court Northwest Center Point AL LLC		Landa App 2 LLC - 2150 Tishamingo Drive Birmingham AL LLC
Landa App 2 LLC - 235 Celery Avenue North Jacksonville FL LLC		Landa App 2 LLC - 28 E Hammon Drive Apopka FL LLC
Landa App 2 LLC - 301 Woodstream Drive Gastonia NC LLC		Landa App 2 LLC - 3029 Cedaridge Drive Tampa FL LLC
Landa App 2 LLC - 340 17th Avenue Northwest Center Point AL LLC		Landa App 2 LLC – 4037 Stone Drive Bessemer AL LLC
Landa App 2 LLC - 4126 Oriely Drive West Jacksonville FL LLC		Landa App 2 LLC - 4464 Willow Street Gardendale AL LLC
Landa App 2 LLC - 4601 Sylvaner Lane Birmingham AL LLC		Landa App 2 LLC - 503 8th Street South Bessemer AL LLC
Landa App 2 LLC - 503 East Robinson Street Dallas NC LLC		Landa App 2 LLC - 580 Dorothy Street Bartow FL LLC
Landa App 2 LLC - 5844 Willow Crest Drive Pinson AL LLC		Landa App 2 LLC - 650 Willow Bend Lane Bessemer AL LLC
Landa App 2 LLC - 6716 Mopsy Lane Jacksonville FL LLC		Landa App 2 LLC - 6820 66th Street South Birmingham AL LLC
Landa App 2 LLC - 7817 3rd Avenue South Birmingham AL LLC		Landa App 2 LLC - 8048 Old Plank Road Jacksonville FL LLC
Landa App 2 LLC - 808 Home Trail Gastonia NC LLC		Landa App 2 LLC - 8990 Doris Lane Jacksonville FL LLC
Landa App 2 LLC - 913 2nd Street Kings Mountain NC LLC		Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC
Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC		Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC
Landa App 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC		Landa App 2 LLC - 303 Kellys Walk Locust Grove GA LLC
Landa App 2 LLC - 3192 Lake Monroe Road Douglasville GA LLC		Landa App 2 LLC - 4085 Springvale Way Mcdonough GA LLC
Landa App 2 LLC - 45 Robertford Drive Covington GA LLC

 

(Title of each class of securities issued pursuant to Regulation A)

 

 

 

Item 1. Fundamental Changes

 

Additional Borrowings

 

As previously disclosed in the Company’s latest Offering Circular, which can be found here, If a Series does not initially enter into a Refinance Note or other indebtedness, it may seek to finance or further refinance any outstanding indebtedness, including the Acquisition Note and if applicable, the Refinance Note with an additional mortgage or other debt financing, including with either an affiliate or a third party (each, an “Additional Borrowing”).

 

On April 28, 2023, each of the following 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 Series and any other assets of the Series.

 

Series		Loan Amount				Annual Interest Rate		Loan Date		Maturity Date
Landa Series 235 Celery Avenue N		$	184,875			(1)		04/28/2023		04/28/2024
Landa Series 580 Dorothy Street		$	137,750			(1)		04/28/2023		04/28/2024
Landa Series 28 E Hammon Drive		$	155,875			(1)		04/28/2023		04/28/2024
Landa Series 6716 Mopsy Lane		$	137,750			(1)		04/28/2023		04/28/2024
Landa Series 1434 Shirley Drive		$	156,600			(1)		04/28/2023		04/28/2024
Landa Series 8990 Doris Lane		$	83,375			(1)		04/28/2023		04/28/2024
Landa Series 1096 Vincent Drive		$	210,250			(1)		04/28/2023		04/28/2024
Landa Series 301 Woodstream Drive		$	160,950			(1)		04/28/2023		04/28/2024
Landa Series 1120 9th Court		$	94,250			(1)		04/28/2023		04/28/2024
Landa Series 179 Poplar Springs Drive		$	98,238			(1)		04/28/2023		04/28/2024
Landa Series 4464 Willow Street		$	177,625			(1)		04/28/2023		04/28/2024
Landa Series 7817 3rd Street South		$	76,125			(1)		04/28/2023		04/28/2024
Landa Series 1713 Alfen Street		$	112,375			(1)		04/28/2023		04/28/2024
Landa Series 1744 Mountain Drive		$	87,000			(1)		04/28/2023		04/28/2024
Landa Series 6820 66th Street South		$	108,025			(1)		04/28/2023		04/28/2024
Landa Series 650 Willow Bend Lane		$	119,625			(1)		04/28/2023		04/28/2024
Landa Series 113 Hughes Avenue		$	201,550			(1)		04/28/2023		04/28/2024
Landa Series 5844 Willow Crest Drive		$	155,875			(1)		04/28/2023		04/28/2024
Landa Series 1625 W Mcfarland Avenue		$	175,450			(1)		04/28/2023		04/28/2024
Landa Series 913 2nd Street		$	108,750			(1)		04/28/2023		04/28/2024
Landa Series 200 15th Court Northwest		$	82,650			(1)		04/28/2023		04/28/2024
Landa Series 503 8th Street South		$	87,000			(1)		04/28/2023		04/28/2024
Landa Series 503 East Robinson Street		$	107,300			(1)		04/28/2023		04/28/2024
Landa Series 4037 Stone Drive		$	137,750			(1)		04/28/2023		04/28/2024
Landa Series 4601 Sylvaner Lane		$	205,900			(1)		04/28/2023		04/28/2024
Landa Series 8048 Old Plank Road		$	221,125			(1)		04/28/2023		04/28/2024
Landa Series 340 17th Ave		$	100,050			(1)		04/28/2023		04/28/2024
Landa Series 2150 Tishamingo Drive		$	94,250			(1)		04/28/2023		04/28/2024
Landa Series 3029 Cedaridge Drive		$	250,850			(1)		04/28/2023		04/28/2024

 

(1)	Each Additional Borrowing bears interest at a rate that is the higher of SOFR+7%, or 12.5%.

 

 

Item 9. Other Events

 

Transfer of Title

 

On April 28, 2023, Landa Properties LLC ("Landa Properties”) transferred title (the “Transfer’) to the following properties (“Properties”) to the applicable 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 the Series to the applicable Series.  

 

Series		Property
Landa App 2 LLC - 235 Celery Avenue N Jacksonville FL LLC		235 Celery Avenue N, Jacksonville, FL, 32220
Landa App 2 LLC - 580 Dorothy Street Barlow FL LLC		580 Dorothy Street, Bartow, FL, 33830
Landa App 2 LLC - 28 E Hammon Drive Apoka FL LLC		28 E Hammon Drive, Apopka, FL, 32703
Landa App 2 LLC - 6716 Mopsy Lane Jacksonville FL LLC		6716 Mopsy Lane, Jacksonville, FL, 32210
Landa App 2 LLC 1434 Shirley Drive Lakeland FL LLC		1434 Shirley Drive, Lakeland, FL, 33810
Landa App 2 LLC - 8990 Doris Lane Jacksonville FL LLC		8990 Doris Lane, Jacksonville, FL, 32220
Landa App 2 LLC - 1096 Vincent Drive Mount Dora FL LLC		1096 Vincent Drive, Mount Dora, FL, 32757
Landa App2 LLC - 301 Woodstream Drive Gastonia NC LLC		301 Woodstream Drive, Gastonia, NC, 28056
Landa App 2 LLC - 1120 9th Court Pleasant Grove AL LLC		1120 9th Court, Pleasant Grove, AL, 35127
Landa App 2 LLC - 179 Poplar Springs Drive Mulga AL LLC		179 Poplar Springs Drive, Mulga, AL, 35118
Landa App 2 LLC - 4464 Willow Street Gardendale AL LLC		4464 Willow Street, Gardendale, AL, 35071
Landa App 2 LLC - 7817 3rd Street South Biirmingham AL LLC		7817 3rd Avenue S, Birmingham, AL, 35206
Landa App 2 LLC - 1713 Alfen Street Jacksonville FL LLC		1713 Alfen Street, Jacksonville, FL, 32254
Landa App 2 LLC - 1744 Mountain Drive Tarrant AL LLC		1744 Mountain Drive, Tarrant, AL, 35217
Landa App 2 LLC - 6820 66th Street South Birmingham AL LLC		6820 66th Street S, Birmingham, AL, 35212
Landa App 2 LLC - 650 Willow Bend Lane Bessemer AL LLC		650 Willow Bend Ln, Bessemer, AL, 35023
Landa App 2 LLC - 113 Hughes Avenue Sanford FL LLC		113 Hughes Avenue, Sanford, FL, 32771
Landa App 2 LLC - 5844 Willow Crest Drive Pinson AL LLC		5844 Willow Crest Drive, Pinson, AL, 35126
Landa App 2 LLC - 1625 W Mcfarland Avenue Gastonia NC LLC		1625 W McFarland Avenue, Gastonia, NC, 28054
Landa App 2 LLC - 913 2nd Street Kings Mountain NC LLC		913 2nd Street, Kings Mountain, NC, 28086
Landa App 2 LLC - 200 15th Court Northwest Center Point AL LLC		200 15th Court NW, Center Point, AL, 35215
Landa App 2 LLC - 503 8th Street South Bessemer AL LLC		503 8th Street S, Bessemer, AL, 35020
Landa App 2 LLC - 503 East Robinson Street Dallas NC LLC		503 E Robinson Street, Dallas, NC, 28034
Landa App 2 LLC - 4037 Stone Drive Bessemer AL LLC		4037 Stone Drive, Bessemer, AL, 35022
Landa App 2 LLC - 4601 Sylvaner Lane Birmingham AL LLC		4601 Sylvaner Lane, Birmingham, AL, 35244
Landa App 2 LLC - 8048 Old Plank Road Jacksonville FL LLC		8048 Old Plank Road, Jacksonville, FL, 32220
Landa App 2 LLC - 340 17th Ave Center Point AL LLC		340 17th Ave, Center Point, AL 35215
Landa App 2 LLC - 2150 Tishamingo Drive Birmingham AL LLC		2150 Tishamingo Drive Birmingham, AL 35217
Landa App 2 LLC - 3029 Cedaridge Drive Tampa FL LLC		3029 Cedaridge Drive Tampa, FL 33618

 

 

EXHIBITS

 

The following exhibits are filed herewith:

 

Exhibit No.		Description
6.1		Form of Florida Secured Note, by and between L Finance, LLC and each Series
6.2		Form of Alabama Commercial Promissory Note, by and between L Finance, LLC and each Series
6.3		Form of North Carolina Commercial Promissory Note, by and between L Finance, LLC and each Series

 

 

SIGNATURE

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: May 3, 2023
	LANDA APP 2 LLC
	By:	Landa Holdings, Inc.,
		its Manager
	By:	/s/ Yishai Cohen
	Name:	Yishai Cohen
	Title:	Chairman, Chief Executive Officer, and President

 

 

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