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Grays Development Company, Inc #5533-5539 | COLORADO ($1.9M Available)

The collateral for this loan consists of 13.7 partially developed acres of land located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 13.7 acres will be 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 know as Victory Ridge which the borrower originally acquired about five years ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $500,000. 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 six sales per month since sales began four years ago Master Loan Amount: $22,581,000 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 an optional nine-month extension at maturity. Final maturity date is 4/9/24.

Vanquish Capital, LLC #5530 | ARIZONA – FUNDED

The collateral for this first position trust deed is 3.3-acre site that was conditionally approved on 5/4/22 for the construction of a 72-unit townhome project which is laid out on the next page. Since putting the property under contract nearly 14 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 mostly entitled. Typically, FIG would sell each of the units 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: $1,700,000 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 1/6/24.

Future Legends, LLC #5524 | COLORADO – FUNDED

Second Trust Deed collateralized by roughly 100 acres of land which will eventually be developed into a youth sports facility, surrounding a professional baseball stadium. This property is located about two miles east of downtown Windsor, CO (60 miles north of Denver, CO). After purchasing the Orem Owlz’ minor league baseball team in 2004, the borrower envisioned developing a youth sports complex integrated into a minor league baseball facility. His vision is being manifested through the Future Legends Complex which will consist of 12 soccer fields, 10 baseball diamonds, 1 64-team dorm, with retail shops and hotels surrounding the complex. This loan will encumber everything owned by the borrower in the area excluding the stadium and retail area which already has bank financing in place or in process. The 100 collateralized acres will continue to be developed by the borrower using the financing from this loan and additional money from the borrower. Loan Amount: $3,600,000 Yield: 13% 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 an optional nine-month extension at maturity. Final maturity date is 12/24/23

Future Legends, LLC #5355 | COLORADO – FUNDED

First Trust Deed collateralized by roughly 100 acres of land which will eventually be developed into a youth sports facility, surrounding a professional baseball stadium. The overall complex will combine all elements needed for a successful youth sports faculty including restaurants, fields, hotels, retail, dormitories, and other amenities. Located about two miles east of downtown Windsor (60 miles north of Denver, CO). After purchasing the Orem Owlz minor league baseball team in 2004, the borrower envisioned developing a youth sports complex integrated into a minor league baseball facility. This vision is being manifested into the Future Legends Complex which will consist of 12 soccer fields, 10 baseball diamonds, a 64-team dorm, with retail shops and hotels surrounding the complex. This loan will encumber everything owned by the borrower in the area excluding the stadium and retail area which already has bank financing in place or in process. The 100 collateralized acres will continue to be developed by the borrower using the financing from this loan and additional money from the borrower. Master Loan Amount: $11,000,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months

FIG Torrey Ranch, LLC #5339 | UTAH – FUNDED

The collateral for this first position trust deed is 15 acres of a 25-acre master planned community that will be known as Modera Village. This is the borrower’s second of three purchases from the seller that will ultimately house Modera Village, a 700 plus unit “stacked townhome” community. The community will have 23 four story, 28 and 42 plex buildings with dog parks, playgrounds, a basketball court, club houses, and pools. Loan Amount: $4,000,000 Yield: 12% 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 12.5%. Term: Nine months with an optional nine month extension at maturity. Final maturity date is 7/23/23.  

17th and Sheridan, LLC | COLORADO – FUNDED

First Trust Deed collateralized by a parcel of land on the Southeast corner of 17th Ave and Sheridan Blvd in Denver, CO. This site is directly across the street from Sloan’s Lake, the second largest park in Denver and one of Denver’s fastest growing neighborhoods. The site allows for a high-density residential redevelopment project. The city has already approved a 60-unit garden style for-rent stacked flat product (an artist’s rendering is shown in the picture above). Although this loan is just for the acquisition of the project, the total project cost will be nearly $14,000,000. Over the coming months, the borrower will work with subcontractors to get hard bids before obtaining construction financing. It is anticipated the borrower will be able to pay off this loan with construction financing in about six months. Master Loan Amount: $2,500,000 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 an optional nine-month extension at maturity. Final maturity date is 4/24/23.  

Grays Development Company, Inc #5192 | COLORADO – FUNDED

First Trust Deed collateralized by a 7.5-acre parcel of a residentially zoned property approximately 70 miles south of Denver, CO. Located near the cross streets of Centennial and Fillmore, the property is just nine miles to the south of the Colorado Springs Air Force Academy and under ten minutes from downtown Colorado Springs and Garden of the Gods. The surrounding area is seeing immense residential and commercial growth including national quick service restaurants and over 300 apartment units (being developed by different builders). The entitlement will allow for the development and ultimate construction of 105 townhome lots, all of which are under contract to be sold to Lokal Communities. The sale is structured where the buyer must acquire a minimum of two units per month starting in June of 2022 Master Loan Amount: $7,612,500 Yield: 10.00% 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 an optional nine-month extension at maturity. Final maturity date is 2/9/23.  

Grays Development Company, Inc #5203-5215 | COLORADO – FUNDED

The collateral for this loan consists of 204 partially developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 204 lots are part of a larger 725 lot community know as Victory Ridge which the borrower originally acquired about three years ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $430,000. This is the third and final takedown the borrower has elected to take from the seller. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so next year. Lokal Homes, the home builder of this project, is averaging six sales per month since sales began. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest Corridor”. The entitlement will allow for the development and ultimate construction of 204 townhome lots, all of which are under contract to be sold to Lokal Communities. The sale is structured where the buyer must acquire a minimum of two units per month starting in July of 2022. Master Loan Amount: $11,832,000 This loan is an acquisition and development tranche loan and therefore the

Grays Development Company, Inc #5061-#5065 | COLORADO – FUNDED

The collateral for this loan consists of five superpads that will allow for the ultimate construction of twenty townhomes per pad (100 units in total) which are located in Littleton, CO (approximately 20 miles southwest of Denver, CO). These 100 townhome units are part of a larger townhome project that already has 140 units constructed. Because the project has a stigma as a broken development along with the previously onerous construction defect laws, most developers have steered clear of this project. Lokal Homes has purchased a few of these types of projects throughout the Denver metro area with great success. These townhomes will have an average sales price over $290,000 per unit and over 1,100 square feet in size. Master Loan Amount: $5,900,000 Tranche Loan Amount: $1,180,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 9 months with two optional 9-month extension period at maturity.

Grays Development Company, Inc #5051-5056 | COLORADO – FUNDED

The collateral for this loan consists of 61 platted and partially developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 61 lots are part of a larger 221 lot community know as Victory Ridge which the borrower acquired about two years ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $380,000. This is the third takedown the borrower has elected to take from the seller. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so later this year. Lokal Homes, the home builder of this project, is averaging six sales per month so far this year. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest Corridor”. Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. Yield: 10.00% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. Term: 9 months with two optional 9-month extension period at maturity.

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