0001144204-18-027733.txt : 20180514 0001144204-18-027733.hdr.sgml : 20180514 20180511181047 ACCESSION NUMBER: 0001144204-18-027733 CONFORMED SUBMISSION TYPE: 253G2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180514 DATE AS OF CHANGE: 20180511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hall Structured Finance II, LLC CENTRAL INDEX KEY: 0001720014 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 752503042 STATE OF INCORPORATION: TX FILING VALUES: FORM TYPE: 253G2 SEC ACT: 1933 Act SEC FILE NUMBER: 024-10770 FILM NUMBER: 18828196 BUSINESS ADDRESS: STREET 1: 2323 ROSS AVENUE STREET 2: SUITE 200 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2142699500 MAIL ADDRESS: STREET 1: 2323 ROSS AVENUE STREET 2: SUITE 200 CITY: DALLAS STATE: TX ZIP: 75201 253G2 1 tv493910_253g2.htm 253G2

 

Filed Pursuant to Rule 253(g)(2)

File No. 024-10770

 

HALL STRUCTURED FINANCE II, LLC

 

SUPPLEMENT NO. 1 DATED MAY 11, 2018

TO THE OFFERING CIRCULAR DATED JANUARY 12, 2018

 

This document supplements, and should be read in conjunction with, the offering circular of Hall Structured Finance II, LLC (the “Company”, “we”, “our” or “us”), dated January 12, 2018 and filed by us with the Securities and Exchange Commission (the “Commission”) on January 16, 2018 (the “Offering Circular”). Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the Offering Circular.

 

The purpose of this supplement is to disclose:

 

·Our business activities for the first quarter of 2018;
·Certain revisions to the terms of the Debentures; and
·Status of the Offering.

 

Update on Our Business Activities

 

During the first quarter of 2018, we closed four loans for an aggregate of approximately $90.7 million of new Financings.  All four loans were first mortgage construction loans and bear interest at rates of LIBOR plus 8.50% and 8.75% per annum and have maturity dates ranging from March 1, 2021 to May 1, 2021.  The table below summarizes additional information relating to these Financings.

 

Property Location Property Type Property Status(1) Loan Commitment Loan to Dev Cost Loan Collateral Loan Int Rate Loan Maturity Date (2)
Aloft Hotel Glendale, CA Hotel 85 Rooms U/C $   17,600,000 66.5% 1st Mortgage L+8.50 03/01/21
EVEN Hotel Alpharetta, GA Hotel 132 Rooms U/C $   14,600,000 64.6% 1st Mortgage L+8.50 04/04/21
Hampton Inn Watsonville, CA Hotel / Townhomes 112 Rooms / 48 Rooms U/C $   23,000,000 57.2% 1st Mortgage L+8.75 05/01/21
The Vantage St. Petersburg, FL Apartments 211 Units U/C $   35,500,000 70.0% 1st Mortgage L+8.50 04/01/21
TOTAL         $90,700,000        

 

Description of Our Debentures

 

The Maturity Date for all Debentures purchased on or after September 1, 2018 will be June 30, 2023.  All Debentures purchased prior to that date will have a Maturity Date of December 31, 2022.

 

Redemption at the Option of Holders

 

The redemption price for Debentures redeemed by the Company upon requests of the Holders submitted to the Company on or after January 1, 2019 will be 96% of the principal amount of any such redeemed Debenture, plus accrued and unpaid interest up to and including the Redemption Payment Date.  In the case of Debentures submitted for redemption following the death of a Holder, however, the purchase price for such Debentures will be 100% of the principal of such redeemed Debentures, plus accrued and unpaid interest up to and including the Redemption Payment Date.

 

Status of the Offering

 

As of the date of this supplement, we have sold an aggregate of $15.7 million of Debentures.