-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 V6Di2NCOsi4ljD1h2HZwI2SmUOuXQ5YT5ri1ND5ktsCRseMpXnbJ9GIutvghg2bb
 NtM7PCZcgHOe3v++bPOVhg==

<SEC-DOCUMENT>0001062993-09-004253.txt : 20091204
<SEC-HEADER>0001062993-09-004253.hdr.sgml : 20091204
<ACCEPTANCE-DATETIME>20091204121252
ACCESSION NUMBER:		0001062993-09-004253
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091204
DATE AS OF CHANGE:		20091204
EFFECTIVENESS DATE:		20091204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HCF SPE I LLC
		CENTRAL INDEX KEY:			0001477930
		IRS NUMBER:				264424175
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-136612
		FILM NUMBER:		091222658

	BUSINESS ADDRESS:	
		STREET 1:		333 7TH AVE
		STREET 2:		3RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		212-494-9039

	MAIL ADDRESS:	
		STREET 1:		333 7TH AVE
		STREET 2:		3RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001477930</cik>
        <entityName>HCF SPE I LLC</entityName>
        <issuerAddress>
            <street1>One World Trade Ctr</street1>
            <street2>Suite 2540</street2>
            <city>Long Beach</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>90831</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>562-624-2308</issuerPhoneNumber>
        <jurisdictionOfInc>NEVADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rick</firstName>
                <lastName>Muckelrath</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>One World Trade Ctr</street1>
                <street2>Suite 2540</street2>
                <city>Long Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>90831</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Timothy</firstName>
                <middleName>Michael</middleName>
                <lastName>Peters</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>333 7th Ave.</street1>
                <street2>3rd Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10001</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Banking and Financial Services</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isDebtType>true</isDebtType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Heritage Financial Systems, Inc.</recipientName>
                <recipientCRDNumber>133019</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2 West Liberty Blvd.</street1>
                    <street2>Suite 203</street2>
                    <city>Malvern</city>
                    <stateOrCountry>PA</stateOrCountry>
                    <zipCode>19355</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Empire Securities Corporation</recipientName>
                <recipientCRDNumber>2826</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1960 E. Grand Avenue</street1>
                    <street2>Suite 555</street2>
                    <city>El Segundo</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>90245</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>MHA Financial Corp</recipientName>
                <recipientCRDNumber>7462</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4 Pheasant Hill St</street1>
                    <city>Westwood</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <zipCode>02090</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>100000000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>100000000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>3250000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>HCF SPE I LLC</issuerName>
                <signatureName>/s/ Rick Muckelrath</signatureName>
                <nameOfSigner>Rick Muckelrath</nameOfSigner>
                <signatureTitle>Officer</signatureTitle>
                <signatureDate>2009-12-02</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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