Chicks Dig Scars, LLC #6208 | NEVADA – ($5.5M Available)

The collateral for this loan is a 1.13 acre parcel of land located in the “Arts District” of Las Vegas, Nevada. The Arts District has seen an enormous amount of revitalization after large capital infusions in the area have completely changed the overall dynamics. The 32,000 square foot building was originally constructed in the 1950’s for Mission Linen Supply company which provided uniforms for the casinos throughout the 20th century. The plan of the borrower is to preserve the historical aesthetic of the building by bringing in three synergistic tenants to the area. Half of the space will be occupied by the Evel Knievel Museum which will become the flagship Evel Knievel experience and museum. The other half of the property will be occupied by a pizza tenant and a café. Over the next 12 months, the borrower anticipates spending nearly $10M prior to closing on a construction loan. Total project costs are expected to be $19.5M. A small portion of the 1.13 acres will be released from this collateral once a parcel split has been completed. This will result in no money coming back to the investors, but the BPO shown herein already takes that into account. Loan Amount:

Rhino Holdings Nampa, LLC #6203 | IDAHO – ($2M Available)

The collateral for this loan is an approximately 107,000 square foot building that is part of the District 208 Shopping Center, formally known as the Karcher Mall in Nampa, ID (approximately 22 miles west of downtown Boise, ID). Since acquiring the nearly 400,000 square foot indoor mall back in 2019, this space is the last piece of the puzzle that remains. The borrower demolished about 25% of the entire mall, added a few outparcels, and is turning the excess parking in the back of the shopping center into apartment buildings. While the apartments are not part of this collateral, the completion of them is paramount to getting this last parcel leased. Now that the apartments are almost complete, a tenant has signed a new lease. The new lease will commence after the apartments and tenant improvements have been completed. This completion is anticipated to be in August of this year. The tenant is a discount store and warehouse based in Pennsylvania who currently has nearly 20 locations. Loan Amount: $8,900,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000

Three Palms, LLC #6164 | NEVADA – ($500K Available)

The collateral for this loan is a 0.28 acre finished residential lot in McDonald Ranch which is a luxury, guard gated community in Henderson, NV (a suburb of Las Vegas). The lot was purchased in the middle of 2023 for $1,100,000 and since that time the borrower has been approved to build a custom home working with the city and HOA to get it done. The home will be about 7,168 square feet with an asking sales price north of $8,000,000. This would be the fifth such home the borrower has built in the same community over the past few years. Loan Amount: $3,100,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/31/25.

Hillwood Homes at Silver Creek, LLC #6169 | UTAH – SOLD OUT

First Trust Deed collateralized by four finished lots in Park City, UT. All the grading work for the site has been completed and is ready for the foundation to be poured. Construction permits have already been submitted for each of the nearly 5,000 square foot homes (including partially finished basements). Situated in the Silver Creek Village community that the borrower is currently building in, they have a great understanding of the type of home the market is looking for. Three of the homes are presold and the fourth home won’t be listed for sale until it is approximately 30% complete. Homes in the community average over $1,000,000 each. Master Loan Amount: $3,400,000 Yield: Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/31/25.  

Grays Development Company, Inc #6156-#6163 | COLORADO – ($300K Available)

The collateral for this loan consists of 190 partially developed residential lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 190 lots are part of 13.7 acres that is being developed into 229 residential units consisting of five 20-unit condo buildings, four-10 unit condo buildings, and 89 single family residences. The 229 total units are part of a larger 800 lot community known as Victory Ridge which the borrower originally acquired back in 2018. The townhomes will average 1,600 square feet in size with an anticipated sales price averaging over $485,000. This is the fourth and final takedown the borrower has elected to take from the seller. Lokal Homes, the home builder of this project, is averaging nearly six sales per month since sales began five years ago. Master Loan Amount: $18,650,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with two optional nine-month extensions at maturity. Final maturity date is 4/27/26. *For investments equal to or greater than $100,000 investors will earn 10.5%.  

Villas at 75th, LLC #6050 | ARIZONA – SOLD OUT

The collateral for this loan consists of approximately 7.4 acres of multifamily zoned land in Phoenix, AZ. The current owner purchased the property a few years ago and worked with the proper government officials to get the site approved for a 112 unit attached residential community. The homes will be developed and ultimately constructed in two phases. The development work will begin around January of 2024. Even prior to the completion of the horizonal development work, the borrower and their general contractor will begin the vertical construction of the units. It is anticipated that the whole project will be completed in approximately 24 months. Subsequent tranches of this loan will be used to complete all 100 units of this project. All units are three bedrooms with 3 bathrooms covering 1,400 square feet of living space each. Master Loan Amount: $11,800,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with two optional extensions at maturity. Final maturity date is 3/11/26.

FIG Jackson Crossing, LLC #6030-6038 | UTAH – SOLD OUT

The borrower purchased the 17-acre site back in August of 2021. Since the acquisition, the borrower worked with the city to get the property properly entitled for the community which now consists of two commercial pads and 220 attached residential units. Located approximately 40 miles north of Salt Lake City, UT in Ogden, the property is near a growing part of the city. Both commercial pads have been sold to developers and so have 124 of the 220 units, leaving 96 units remaining in FIG’s ownership. 20 additional units are presold (not part of this collateral) and the remaining 76 unsold lots are the collateral of this loan. These remaining lots will be retained by the borrower until the units are completed and rented out, at which point they will then sell them to investors. This loan is to provide the financing to complete the construction of these units at which point they will be sold, and this loan repaid. Master Loan Amount: $16,419,800 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine

Rhino Holdings Grimes, LLC #6027 | NEW MEXICO – SOLD OUT

The collateral for this loan consists of a former K-Mart in Hobbs, NM which is approximately 300 miles southeast of New Mexico’s largest city, Albuquerque. This 88,849 square foot facility was purchased by the borrower in 2018 after the previous tenant moved out leaving the property completely vacant. Since that time the borrower has leased 87% of the project to national brands which will open for business once the tenant improvement work is completed. This loan will be used to refinance the acquisition of the property and future tranches will be used to complete the six million of work on the property. Most of the money will go into tenant specific work but some will be utilized for repair to the structure, landscaping, lighting, and to repave the parking lot. Master Loan Amount: $15,880,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 5/27/25.  

Villas at 35th, LLC #6021 | ARIZONA – SOLD OUT

The collateral for this loan consists of approximately three acres of multi-family zoned land in Phoenix, AZ. The current owner purchased the property about two years ago and worked with the proper government officials to get the site approved for a 35 unit attached residential community. The homes will be developed and ultimately constructed in one phase. The development work has already begun and should be completed in about six weeks. Already completed are the underground wet utilities and the dry utilities have just been started. Even prior to the completion of the horizonal development work, the borrower and their general contractor will begin the vertical construction of all 35 units. It is anticipated that the whole project will be completed in approximately nine months. Subsequent tranches of this loan will be used to complete all 35 units of this project. The 35 units are all three bedrooms with 2.5 bathrooms covering 1,312 square feet of living space each. Master Loan Amount: $9,600,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine

FIG Stowe Creek, LLC #6017 | ARIZONA – SOLD OUT

The collateral for this loan consists of nearly 2.15 acres of land in Phoenix, AZ. The current owner purchased the property in August of 2021 for $6,582,254 and has since obtained the proper zoning and entitlements to begin the development and ultimate construction of a 32-unit low rise, multifamily complex. With building permits in hand, our borrower will acquire the site and almost immediately begin construction of the property. With a build time of 12 months and a total cost of $11,360,000 (according to the appraisal detailed above), the borrower plans on refinancing the cash flowing asset upon stabilization of the property. The units will average 1,324 square feet in size and rent for $1,850 per unit. Master Loan Amount: $8,854,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional extension at maturity. Final maturity date is 5/6/25.

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