Available Investments

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Rhino Holdings Andrews, LLC #5405 | TEXAS – ($1.7M Available)

The collateral for this loan is 62 room hotel in Andrews, TX which is about 100 miles south of Lubbock, TX. The current hotel sits on 3.57 acres of land that is currently being operated under the “Oakwood Suites” umbrella. In talking with numerous hotel operators, the borrower is close to signing a Property Improvement Plan (PIP) to convert the branding of the hotel into a more well-known franchise to increase the occupancy, and ultimately increase its value. In a more formalized way, the PIP tells the property owner what needs to be changed to the property in order for the new operator to begin operations. It is an exhaustive list covering all items imaginable from large scale deferred maintenance items all the way down to the mundane such as thread counts on sheets or number of cups in a room. The borrower anticipates completing the PIP in five months and then will look to sell the asset when the property is in position to command a higher price. Loan Amount: $2,800,000 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

Westside Land Holdings, LLC #5404 | UTAH – ($2.4M Available)

The collateral for this first position trust deed is a 32.8 acres site that will eventually be developed into an industrial complex. The borrower has worked for about two years to acquire multiple parcels of land and assemble them into a large, undivided site which has allowed for some economic efficiencies when dealing with this size of a project. Given the size, one of the largest industrial developers has taken notice and currently has the property under contract to purchase from the borrower for over $21,000,000. Although some dirt will need to be brought to the site to raise the ground level, all utilities are stubbed to the site from Center Street. Loan Amount: $9,000,000 Yield: 11% 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 no options to extend.

Vanquish Capital, LLC #5403 | ARIZONA – ($550K Available)

The collateral for this first position trust deed is a 10.95 acres site that will eventually be developed into 165 townhome lots. Since putting the property under contract nearly 16 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property fully entitled. Typically, FIG would sell each of the buildings to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $3,250,500 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 11/21/23.

FIG Development, LLC #5401 | ARIZONA – ($150K Available)

The collateral for this first position trust deed is 15 acres site that was approved by unanimous consent on 9/15/21 for the construction of a 302-unit townhome project which is laid out on the next page. Since putting the property under contract nearly 16 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property fully entitled. Typically, FIG would sell each of the buildings to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $7,640,600 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

Mr. Brightside, LLC #5396 | NEVADA – ($10K Available)

The collateral for this loan is a 5,168 square foot home in the historic area of Las Vegas. The guard gated Rancho Circle has historically been home to the who’s who of Las Vegas. That character has been preserved with recent renovations to this property as well as others in the community. Since putting the property under contract over 15 months ago, the borrower allowed the previous owner time to occupy the property for an additional year. Since the former owner moved out a few months ago, the borrower has spent time and money to get the property partially renovated for a future sale. After closing on the official acquisition of the home, the borrower will complete the estimated $400,000 renovation at which point they will list the property for sale. They anticipate listing the property for sale at $1,900,000. Loan Amount: $1,000,000 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 11/3/23.  

Rhino Holdings Rockford, LLC #5365 | ILLINOIS – ($3.7M Available)

The collateral for this loan is 210,000 square foot shopping center. Located in Rockford, IL about 80 miles west Chicago, IL. The property is home to national retailers like Burlington Coat Factory, JoAnne Fabrics, Petsmart, Dollar Tree, and Old Chicago Pizza. The current owner is facing an imminent foreclosure after a few unsuccessful attempts at selling the property. The borrower has negotiated Burlington Coat Factory to downsize its space instead of moving out. In addition, the borrower is relocating JoAnne Fabrics to allow for two new tenants to occupy the property. Once the two new tenants are in, the property will be 92% occupied. Although neither of the new tenants have signed a formal lease, they both have worked with the borrower numerous times in the past and are expected to execute leases within the first six weeks of the borrower’s ownership. In addition to increasing the occupancy of the property, the borrower will add additional value by renovating the entire exterior of the asset. With nearly $4,000,000 in improvements to the property, the asset will be well positioned to be refinanced with cheaper sources of financing or sold on the open market. Master Loan Amount: $13,100,000 Yield: 10% interest

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