Blue Heron Strata, LLC #5810-5825 | NEVADA – ($2.5M Available)

First Trust Deed collateralized by 16 finished lots in the Lake Las Vegas area which is approximately 20 miles southeast of downtown Las Vegas. Since purchasing the property in September of 2022, the borrower successfully worked with the city and master HOA to get approval for the construction of homes on the property that meets the design requirements of the area. Originally acquiring 19 lots, the borrower oversaw the completion of the lots and ultimate sale of one of the lots. Two of the other lots are not encumbered by this loan since they are scheduled to be paid off in the coming months. The 16 unsold lots encumbering this loan are all available for sale. Blue Heron typically sells the lots to prospective home buyers who then contract with the Blue Heron to construct a home on the property. The borrower is also building a similar product line in a different community in Lake Las Vegas which is currently serving as the model home/sales office for this community until a new model home can be constructed. Given the size of the home and complexity of design, the model home won’t be finished for about a year. Master Loan Amount:

JCM Development, LLC #5806 | MONTANA – ($200K Available)

The collateral for this loan consists of an approximately 4.05-acre parcel of land which is currently zoned B-2 giving the borrower options for many business uses such as manufacturing, residential and multifamily. It is the intent of the borrower to get final approval for a twelve building, 48-unit, residential development. Each of the twelve buildings would be fourplexes to allow for a multitude of takeout financing options. Each of the units will be three bed, two bath units with rental rates averaging $2,400 per unit. With an extremely strong rental demand in the area, it is anticipated all the units will be absorbed by the market shortly after completion. The fourplex configuration gives the borrower options of selling individual buildings or refinancing the whole project as an investment. Within the same complex, the borrower is currently building 24 units so this would be a continuation of that existing construction project. Master Loan Amount: $10,500,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period.  

EHI Investments 3, LLC #5804 | ARIZONA – SOLD OUT

The collateral for this loan is 1.63 acres of land in Mesa, AZ which is just East of Phoenix, AZ. Since acquiring the land about a year and a half ago, the borrower worked with the city to get a permitted use of “early education”. Edward Homes, then received approval to construct a 10,095 square foot commercial building that will be leased to The Learning Experience. The Learning Experience started in 1980 in Florida and has since grown to over 275 locations today. With a corporate guarantee and a new 15-year lease in place on a soon to be newly constructed building, it shouldn’t take long to find a buyer. These type of triple net buildings are being sold at extremely low cap rates. Master Loan Amount: $3,650,000 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 additional nine-month extension periods. Final maturity date is 8/22/25.

1759 Harpsichord Way, LLC #5802 | NEVADA – FUNDED

1759 Harpsichord Way, LLC is a special purpose entity set up to construct this home. Michael Johnson, the manager of the company, has been building semi-custom homes and renovating high-end homes for nearly a decade. As a licensed general contractor, Michael has the experience and expertise to fix most issues that may arise without having to outsource the work. Loan Amount: $1,200,000 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 11/23/24.

Prez Enterprises, Inc #5788-#5801 | TEXAS – FUNDED

First Trust Deed collateralized by 14 fully built residential duplex homes in Lubbock, TX (about 340 miles west of Dallas, TX). Consistently ranked in the fastest growing markets in Texas, there is a need for new housing supply in this area. The borrower is purchasing these 14 completed units from Betenbough Homes as a bulk transaction since a different buyer fell through. The borrower is under contract to purchase the completed duplexes at a discounted price given the longstanding relationship between the borrower and builder. Our borrower will then lease up the properties and sell the rented duplexes to their investors as cash flowing assets. Each home sits on approximately .17 acres of land with units ranging from 1,208 to 1,350 square feet in size. The borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. This is the third such loan structure we have done with this borrower. Master Loan Amount: $4,760,000 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 no extension period. Final

Mosaic Seven, LLC #5746 | NEVADA – FUNDED

The properties consist of 7.5 acres of land which was purchased by the borrower in 2016 from the Bureau of Land Management. Since that time, the borrower has gone through many different rounds of negotiations with the county over land use to get the property rezoned. The property has a rural subdivision approval which allows for the development of 13 homes. It is anticipated that the property will receive the final map approval ultimate layout of the community in the ensuing months at which point the borrower will sell the property to a local homebuilder. Loan Amount: $2,050,000 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 11/7/24.

Future Legends 6, LLC #5742 | COLORADO – SOLD OUT

First Trust Deed collateralized by approximately 3 acres of land which will eventually be constructed into a 63,560 square foot retail complex, part of a larger 122 acre facility dedicated to youth and professional sports. The project is over 60% preleased to strong regional tenants with many smaller local tenants making up the currently preleased space. When construction begins in May, it is expected the buildings will be completed in eight months. The borrower has a current max guaranteed price contract in place with a regionally strong contractor specializing in the construction of mixed-use development surrounding stadiums. The contract has Ignite Funding written in it so we can take over the contract to ensure the completion of the project in the unlikely event the borrower goes into default. Additionally, all future money that is needed to pay the contractor is allocated in the total loan proceeds of this loan. There is anticipated to be over one million visitors to this project by year two, which will bring a tremendous amount of foot traffic to the area. Master Loan Amount: $18,000,000 Yield: 11% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day

Elm Meadows Addition, LLC #5735 | TEXAS – SOLD OUT

First Trust Deed collateralized by entitled land in Lubbock, TX. Since purchasing the property in 2022, they worked with local government officials to get approval of a 122-unit development. The 122 units average 0.15 acres in size and will eventually have homes averaging 1,200 square feet with three bedrooms and two bathrooms. The loan will encumber units as they begin construction with all remaining construction costs allocated through the funding of this entire loan. Upon completion of the homes, they will be rented and held onto by the borrower as a built-to-rent community which will operate much like an apartment complex. There will be an onsite property manager and maintenance specifically dedicated to this community. With average monthly rents of nearly $1,700 per unit, the property generates enough excess cashflow to qualify for traditional takeout financing when completed. There will be six different floor plans in the community, all of which have already been approved by the city for construction. The average build cycle is expected to be four months from start to finish for each home. Master Loan Amount: $18,910,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a

GGD Oakdale, LLC #5729 | NEW MEXICO – FUNDED

The two parcels that are the collateral of this loan sit directly across from the newly renovated luxury apartments known as Blvd 2500 (currently owned by an affiliated company of the borrower). Since acquiring the site in 2016, the borrower has converted the preexisting hotel into the apartment buildings and demolished the indoor waterpark. This “excess land” that we are encumbering will be retained by the borrower even after he sells the apartments. Currently, the borrower is finalizing the lease with a large gas station company as well as large coffee shop who will each operate drive through pads. The gas station will operate on a ground lease meaning the tenant is responsible for everything built on the property and the owner retains ownership rights. The coffee shop will be leased as a “normal” transaction after the borrower constructs the building. Loan Amount: $3,700,000 Yield: 10% interest Schedule: 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 9/28/24.

FIG Jackson Crossing, LLC #5717-5723 | UTAH – FUNDED

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 80 of the 220 units, leaving the 140 units as collateral of this loan. All 140 units are in some stage of construction from the planning stage through completion. All of the 140 units are presold (pending any unforeseen cancelations). Master Loan Amount: $4,400,000 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 9/18/24.

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