PART II AND III 2 tm2511435d1_partiiandiii.htm PART II AND III

 

 

 

 

 

 

 

 

 

 

EXPLANATORY NOTE

 

GROUNDFLOOR YIELD LLC

 

Promissory Notes

 

MAXIMUM OFFERING: $18,861,000

 

MINIMUM OFFERING: $0

 

April 7, 2025

 

This Post-Qualification Amendment No. 1 (this “PQA”) made on the Form 1-A disclosure format, amends the offering circular (the “Offering Circular”) of Groundfloor Yield LLC, a Georgia limited liability company (the “Company”), qualified by the Securities and Exchange Commission (“SEC”) on March 25, 2025. The sole purpose of this PQA is to amend the Offering Circular, pursuant to Rule 252(f)(2)(i), to hereby incorporate by reference, as applicable, the Company’s Financial Statements filed via the Company’s Annual Report on Form 1-K with the SEC on March 31, 2025 (File No.: 24R-00460).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PART III – EXHIBITS

 

Index to Exhibits

 

Exhibit
Number		   Exhibit Description
(hyperlink)		   Filed
Herewith		   Form   File No   Exhibit   Filing Date
2.1   Groundfloor Yield LLC Articles of Organization       DOS/A   367-00241   Exhibit 2.1   August 21, 2020
2.2   Groundfloor Yield LLC Limited Liability Company Operating Agreement       DOS/A   367-00241   Exhibit 2.2   August 21, 2020
3.1   Form of Promissory Note (1, 3, 6, 12, 24  Months)        DOS/A    024-12530    Exhibit 3.1    February 24, 2025
3.2   Form of Promissory Note (36 Months)       DOS/A   367-00241   Exhibit 3.2   March 22, 2023
4.1   Form of Promissory Note Purchase Agreement       DOS/A   024-11411   Exhibit 4.1   July 13, 2023
11.1   Form of Consent of Cherry Bekaert LLP   X                
12.1   Opinion of Robbins Ross Alloy Belinfante Littlefield LLC        DOS/A    024-12530    Exhibit 12.1    February 24, 2025

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this Offering Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Atlanta, State of Georgia, on April 7, 2025.

 

  GROUNDFLOOR YIELD LLC
     
  By: Groundfloor Finance, Inc., its sole member
     
  By: /s/ Nick Bhargava
  Name:  Nick Bhargava
  Title: Executive Vice President, Secretary, and Acting Chief Financial Officer

 

This offering statement has been signed by the following persons, in the capacities, and on the dates indicated.

 

Name and Signature   Title   Date
         
/s/ Brian Dally   President, Chief Executive Officer of Groundfloor Finance Inc.   April 7, 2025
Brian Dally   (Principal Executive Officer)    
         
/s/ Nick Bhargava   Executive Vice President, Secretary, and Acting Chief Financial Officer of Groundfloor Finance Inc.   April 7, 2025
Nick Bhargava   Principal Financial Officer and Principal Accounting Officer)    
         
*        
Lucas Timberlake   Director   April 7, 2025
         
*        
Bruce Boehm   Director   April 7, 2025
         
*        
Yair Goldfinger   Director   April 7, 2025
         
*        
Richard Tuley Jr.   Director   April 7, 2025

 

* By: /s/ Nick Bhargava    
  Attorney-in-fact