Direct Lending Note

CALCAP Income Fund I

Apartment LLC

Outstanding Returns
8-10%
Annualized
LOW LTVs
65%
And Under
Attractive Durations
18
Months

Current Multifamily Portfolio

Current Sample of Direct Lending Note Portfolio

Pasadena, CA

Construction

Investor Yield: 10%
21% LTV
Loan Amount: $400,000

Highland Park Neighborhood of Los Angeles

Cash-Out Refinance

Investor Yield: 9%
54% LTV
Loan Amount: $500,000

Highland Park Neighborhood of Los Angeles

Cash-out Refinance

Investor Yield: 10.50%
79% LTV
Loan Amount: $397,600

Silverlake Neighborhood of Los Angeles

Purchase and Rehab

Investor Yield: 11%
85% Loan to Purchase and 68% LTV
Loan Amount: $442,000

Brentwood Neighborhood of Los Angeles

Purchase

Investor Yield: 9.00%
65% LTV
Loan Amount: $1,300,000

Hollywood Hills Neighborhood of Los Angeles

Construction

Investor Yield: 10.50%
75% LTC
Loan Amount: $750,000

Brentwood Neighborhood of Los Angeles

Purchase + Rehab

Investor Yield: 10.50%
76% Loan to Purchase/ 54%LTV
Loan Amount: $1,812,500

Echo Park Neighborhood of Los Angeles

Purchase

Investor Yield: 9%
62% LTV
Loan Amount: $325,000

Brentwood Neighborhood of Los Angeles

Purchase + Rehab

Investor Yield: 10.50%
76% Loan to Purchase/ 54% LTV
Loan Amount: $1,812,5000