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Harmony461, LLC., #4459 – NEVADA

First Trust Deed collateralized by two acres of mapped residential lots located in the Northridge community in North Las Vegas, Nevada. This community comes on the heals of the borrower selling out of the 100-lot community kitty-corner to this one as well as the 93-lot community directly to the east of the community. Since the borrower has sold out of both the existing communities over the past few years, the borrower knows exactly what the homebuyers in the area want in the form of floor plans and price points. With that said, this 119-lot community known as Northridge will have an average sales price of $280,000 and average 2,300 square feet in size. It is anticipated the borrower will begin selling homes in the community in the second quarter of 2018. The specific location of this land is shown on the attached map outlined by red lines.

Loan Amount: $260,000

Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

Term: 6 months with one optional 6-month extension period at maturity.

Harmony461, LLC., #4458 – NEVADA

First Trust Deed collateralized an approximately 0.08-acre residential lot located in the Malibu community in North Las Vegas, Nevada. The first part of the subdivision included over 200 completed homes as well as completed common areas, parks, two pools, and landscaping. This community is the second part of the Malibu community which consists of 100+ homes of roughly the same size as the first phase. The main entrance to the subdivision is located across the street from the entrance to Shadow Creek Golf Course. This one lot is one of less than ten that the borrower still owns and is waiting for construction to be finalized before the lot/home is sold and the loan paid off.

Loan Amount: $50,000

Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

Term: 6 months with one optional 6-month extension period at maturity.

Tailor Built Homes, LLC., #4456 – UTAH

First Trust Deed collateralized by a fully developed .3 acre residential lot located in Draper, UT (approximately 19 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a six-bedroom, four and a half bath home. The home will be a total of 5,027 square feet which includes a fully finished basement.

Loan Amount: $700,000

Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

Term: Six months with an optional six month extension at maturity.

Tailor Built Homes, LLC., #4455 – UTAH

First Trust Deed collateralized by a fully developed .3 acre residential lot located in Draper, UT (approximately 19 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a six-bedroom, four bath home. The home will be a total of 5,248 square feet with at least 3,926 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $675,000

Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

Term: Six months with an optional six month extension at maturity.

Lokal BR7 LLC, #4441 – COLORADO

The collateral for this loan consists of 140 partially finished single-family residential lots located in Commerce City, CO (approximately 20 miles northeast of Denver, CO and 12 miles west of Denver International Airport). These 140 lots are part of a larger 151 lot community know as Buffalo Run Filing 7. Homes will be priced around $430,000 and will solely consist of single story ranch style homes. Filing 7 is the last take down within a larger community know as Buffalo Run that the borrower has already completed the development, construction, and ultimate sale of over 300 homes. The borrower has already begun construction on 11 homes within this last phase of the community. It is anticipated the borrower will completely sell out of the community within three years.

Loan Amount: $10,920,000

Yield: 10.25% (Principal Balance ≥ $100,000); 10% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

Term: 12 months with an optional 12 month extension at maturity.

Lokal Hyland Village, #4433- COLORADO

The collateral for this loan consists of 30 finished townhome lots located in Castle Rock, CO (approximately 13 miles northwest of Denver, CO). These 30 lots represent 30 of the remaining 53 townhome lots that remain within the community. The borrower has the option to purchase the remaining 23 lots at the beginning of 2018. With an average sales price of $390,000, the borrower anticipates starting construction on homes within the first month after acquisition and a total build out schedule of less than 24 months. Within the community other home builders are currently selling single family homes that average nearly $500,000.

Loan Amount: $1,698,200

Yield: 10.25% (Principal Balance ≥ $100,000); 10% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

Term: 6 months with an optional 6 month extension at maturity.

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