1-U 1 ea178093-1u_landaapp3.htm CURRENT REPORT

 

 

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 5, 2023

 

LANDA APP 3 LLC

(Exact name of issuer as specified in its charter)

 

Delaware   87-2881696
(State or other jurisdiction of
incorporation or organization)

 

 

(I.R.S. Employer
Identification No.)

 

6 W. 18th Street

New York, NY 10011 

(Address of principal executive offices)

 

646-905-0931

(Issuer's telephone number, including area code)

 

Membership Interests:
 
Landa App 3 LLC - 132 Cornelia Street Brooklyn NY LLC   Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC
Landa App 3 LLC - 24 Ditmars Street Brooklyn NY LLC   Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC
Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC   Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC

 

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

 

 

 

 

 

 

Item 1. Fundamental Changes

 

The following updates certain information found in the offering circular (the “Offering Circular”) of Landa App 3 LLC (the “Company”) dated June 28, 2022 regarding the properties set forth below (the “Properties” and each a “Property”).

 

Issuance of Notes

 

On May 3, 2023, Landa App 3 LLC – 24 Ditmars Street Brooklyn NY LLC issued a promissory note in the principal amount of $10,000.00 (the “Note”) to the Manager to finance certain improvements and renovations to the Property underlying this Series. The Note will bear an interest of 4.5% per annum. The foregoing is a summary of the terms of the Note and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the Note, which is filed as Exhibit 6.1 to this report.

 

On May 3, 2023, Landa App 3 LLC – 1363 Hancock Street Brooklyn NY LLC issued a promissory note in the principal amount of $10,000.00 (the “Note”) to the Manager to finance certain improvements and renovations to the Property underlying this Series. The Note will bear an interest of 4.5% per annum. The foregoing is a summary of the terms of the Note and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the Note, which is filed as Exhibit 6.2 to this report.

 

On May 3, 2023, Landa App 3 LLC – 996 Greenwood Avenue NE Atlanta GA LLC issued a promissory note in the principal amount of $42,000.00 (the “Note”) to the Manager to finance certain improvements and renovations to the Property underlying this Series. The Note will bear an interest of 4.5% per annum. The foregoing is a summary of the terms of the Note and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the Note, which is filed as Exhibit 6.3 to this report.

 

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EXHIBITS

 

The following exhibits are filed herewith:

 

Exhibit No.   Description
6.1   Promissory Note by and between Landa Holdings, Inc. and Landa App 3 LLC - 24 Ditmars Street Brooklyn NY LLC, dated May 3, 2023
6.2   Promissory Note by and between Landa Holdings, Inc. and Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC, dated May 3, 2023
6.3   Promissory Note by and between Landa Holdings, Inc. and Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC, dated May 3, 2023

 

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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 5, 2023 LANDA APP 3 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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