Project Funded in the Tahoe Reno Industrial Center

Venice and Denmark No. 1, LLC

Loan Funded

First Deed of Trust on approximately 1.01 net acres of developed land, a partially improved pad, located in the Tahoe Reno Industrial Center. The project is named MyT.R.I. Suites Extended Stay Hotel located at 1104 Venice Drive, McCarren, NV, 89432. In the master plan, this will be the second of seven identical buildings constructed at the site. Each building will be approximately 16,065 square foot in size with a total of 33 units.

Loan Amount: $3,930,000

12% net to investors

59.23% LTV