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Funded Investments

BlueM Holdings, LLC., #4465 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single family residential home in Salt Lake City, Utah (approximately one mile east of Downtown Salt Lake City, UT). The home has recently been acquired by the borrower with the intent of fixing it up and rent it out after the rehab work is completed. As of today, the rehab is about 20% completed and the borrower is working with the historical society for additional building permits. It is anticipated that the approximately 1,410 square foot 2-bedroom, 2-bathroom home will be refinanced onto the borrower’s long-term line of credit in the next 180 days.

Loan Amount: $276,000

Yield: 10.00% (Principal Balance < $100,000); 10.25% (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.

BM3, LLC., #4464 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Layton, Utah (approximately 35 miles north of Downtown Salt Lake City, UT). The home has recently been acquired by the borrower with the intent of fixing it up and rent it out after the rehab work is completed. As of today, the rehab work has been completed and the property is currently rented. It is anticipated that the approximately 806 square foot 1-bedroom, 1-bathroom home will be refinanced onto the borrower’s long-term line of credit in the next 100 days.

Loan Amount: $98,000

Yield: 10.00% (Principal Balance < $100,000); 10.25% (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.

BM RE, LLC., #4463 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Layton, Utah (approximately 25 miles north of Downtown Salt Lake City, UT). The home has recently been acquired by the borrower with the intent of fixing it up and selling it after the rehab work is completed. As of today, the remodeling is already underway with over 50% of the work completed. It is anticipated that the rehab work will be completed and the approximately 974 square foot 4-bedroom, 2-bathroom home will be listed for sale in the next 45 days.

Loan Amount: $178,000

Yield: 10.00% (Principal Balance < $100,000); 10.25% (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.

BlueMountain Inc., #4462 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single family residential home in Salt Lake City, Utah (approximately seven miles southeast of Downtown Salt Lake City, UT). The home has recently been acquired by the borrower with the intent of fixing it up and selling it after the rehab work is completed. As of today, the remodeling is already underway with over 50% of the work completed. It is anticipated that the rehab work will be completed and the approximately 1,460 square foot 2-bedroom, 2-bathroom home will be listed for sale in the next 30 days.

Loan Amount: $290,000

Yield: 10.00% (Principal Balance < $100,000); 10.25% (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.

BlueMountain I., #4460 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Ogden, Utah (approximately 38 miles north of Downtown Salt Lake City, UT). The home has recently been acquired by the borrower with the intent of fixing it up and selling it after the rehab work is completed. The former tenant of the property has recently been evicted so rehab work should start in the next 30 days. It is anticipated that the rehab work will be completed and the approximately 1,272 square foot 2-bedroom, 1-bathroom home will be listed for sale in the next 60 days.

Loan Amount: $158,000

Yield: 10.00% (Principal Balance < $100,000); 10.25% (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.

Harmony461, LLC., #4459 – NEVADA – FUNDED

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 – FUNDED

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 #4457 – UTAH – FUNDED

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). Lot 303 (shown on the site map below) is the only remaining lot that is owned by the borrower. The other lots shown in ready have already been built on by the borrower and all of the grey lots have been sold to other end users.

Loan Amount: $163,000

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., #4456 – UTAH – FUNDED

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.

Bluemountain, Inc., #4454 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed residential lot in West Haven, Utah (approximately 40 miles north of Salt Lake City, UT). The home lot has a partially completed 2,400 square foot, five bedrooms, two-bathroom home constructed on it. It is anticipated that the borrower will be completely done with construction of the home within the next six months. Once the home is fully constructed, it will be sold to a home buyer and the loan will be paid off.

Loan Amount: $363,000

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: Eight months with an eight-month extension.

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