THE LINEUP

Section 412(a)(2) of the Securities Act exempts from registration transactions by an issuer not involving any public offering. The transactions included herein are generally exempt offerings pursuant to Section 412(a)(2) of the Securities Act under one of the following specific exemptions:

Rule 506(b) allows issuers (companies, sponsors, syndicators, lead investors, et al) to raise an unlimited amount of money by selling securities to an unlimited number of "accredited" investors + up to 35 "non-accredited" investors (also referred to as "sophisticated" investors) to purchase “restricted securities." NO general solicitation or advertising is allowed to market the securities. Purchasers in Rule 506(b) offerings receive "restricted securities".

Rule 506(c) permits issuers to broadly solicit and generally advertise an offering, provided that, in addition to meeting assorted other requirements, all purchasers in the offering are "accredited" investors. Purchasers in Rule 506(c) offerings also receive "restricted securities".

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Pro-forma Equity Multiple is calculated by dividing the sum of the distributions you receive from an investment (operational cashflow + refinance proceeds + exit/disposition proceeds) by the amount invested. A very simple example: if you received $200,000. in total distributions from an investment that you invested $100,000., the EMx is 2.0.

Note: The example above is an oversimplification in that the time dimension is ignored. To determine an acceptable EMx target, one must consider how long it takes to receive such distributions.

Pro-forma DISTRIBUTIONS (represent "a return ON investor Capital" vs "a return OF investor Capital" for distributions resulting from OPerations or REFInances, or may even be a hybrid of both concepts.)

Is a membership required to access this transaction? If so, how much?

Pro-forma Internal Rate of Return over 5 years.

Asset Type: Apartment, Industrial, Medical, Hospitality, Retail, Specialty

The project type is a Value Play, Yield Play, Hybrid or a derivative of the above types.

Asset qualification is Class A, Class B, etc.

The EQUALIZER™ is a current yield, high-level a sanity check of sorts that reflects the relative likelihood that everyone gets their money back (lender + equity holders).

Sponsor sharing %, override etc.

Pro-forma Cash-on-Cash Return Year 1

Pro-forma Cash-on-Cash Return Year 2

Pro-forma Cash-on-Cash Return Year 3

Pro-forma Cash-on-Cash Return Year 4

Pro-forma Cash-on-Cash Return Year 5

Pro-forma Cash-on-Cash Return Year 6