Groundfloor Real Estate 1, LLC
MAILING ADDRESS
600 Peachtree St. NE, Ste. 810
Atlanta, GA 30308
November 25, 2019
VIA EMAIL:
(KILLOYM@SEC.GOV)
Mr. Michael Killoy
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: | Groundfloor Real Estate 1, LLC |
Offering Statement Filed November 15, 2019,
on Form 1-A File No. 024-11094
Dear Mr. Killoy,
Pursuant to Rule 252(e) promulgated under the Securities Act of 1933, as amended (the “Act”), Groundfloor Real Estate 1, LLC (the “Company”) hereby requests that the Securities and Exchange Commission (the “Commission”) issue a qualification order for the above-referenced Offering Statement on Form 1-A, so that it may be qualified on Wednesday, November 27, 2019 or as soon thereafter as practicable.
The Company respectfully informs the staff that no participant in the offering is required to clear its arrangements with FINRA.
The Company is aware of its responsibilities under the Act, as they relate to this offering of securities. As requested, the Company further acknowledges that:
• | should the Commission or the staff, acting pursuant to delegated authority, qualify the filing, it does not foreclose the Commission from taking any action with respect to the filing; |
• | the action of the Commission or the staff, acting pursuant to delegated authority, in qualifying the filing, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and |
• | the Company may not assert staff comments and/or qualification as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
If you have any questions, please contact me at (202) 758-8041. Thank you in advance for your assistance.
Sincerely, | |
/s/ Nick Bhargava
Nick Bhargava | |
For the Company, by its sole Member / Manager | |
Groundfloor Finance Inc. |
cc:
Robbins Ross Alloy Belinfante Littlefield LLC
Vincent R. Russo
Manatt, Phelps & Phillips, LLP
Brian Korn
June Kim