This Offering Circular and the other Offering Materials made available to prospective investors contain forward-looking statements. Forward-looking statements are not statements of historical fact, but rather statements regarding operational and financial plans, terms and strategies of the Company and other projections or predictions of the future that are based on various assumptions that may not prove to be accurate. Statements in the Offering Materials that include words or phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions or the negatives thereof or any other variations thereon or comparable terminology are forward-looking statements. Due to various risks and uncertainties, including those set forth in the following “Risk Factors” section, actual events or results or the actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements.

The Company will be subject to all the risks inherent in developing and investing in real estate assets. A major risk of owning real estate is the possibility that the Project will not generate sufficient rental income or other income to meet expenses, including debt service or other required payments, or will decrease in value. Additional risks may include, without limitation, general and local economic and social conditions, the supply and demand for comparable properties, energy shortages and costs, declines in neighborhood property values, changes in tax, zoning, building, environmental and other applicable laws, real property tax rates, changes in interest rates and the availability of mortgage funds which may render the sale of properties difficult or unattractive. Such risks also include fluctuations in operating expenses, which could adversely affect the ability of the Company to meet debt service obligations under the Notes. These risks could result in substantial unanticipated delays or expenses and, under certain circumstances, could prevent completion of development activities once undertaken, any of which could have an adverse effect on the Company.

Federal, state and local laws may impose liability on a property owner for releases, or the otherwise improper presence on the premises, of hazardous substances without regard to fault or knowledge of the presence of such substances. A property owner may be held liable for environmental releases of such substances that occurred before it acquired title and that are not discovered until after it sells the Property. Although the Company has had an environmental assessment of the Property performed, if any hazardous substances are found at any time on or around the Property, the Company may be held liable for all cleanup costs, fines, penalties and other costs regardless of whether it owned that Property when the releases occurred or the hazardous substances were discovered. If losses arise from hazardous substance contamination that cannot be recovered from a responsible party, the financial viability of the Project may be substantially affected. In an extreme case, the Project may be rendered worthless, or the Company may be obligated to pay cleanup and other costs in excess of the value of the Project.

The Company has secured a letter of intent from the Indianapolis Neighborhood Housing Partnership (the "Senior Lender") for $500,000 (a "Senior Loan"). The Senior Loan imposes certain conditions on the Project, including compliance with maximum rent requirements the Company is able to charge its tenants. Limitations on rental revenue may adversely affect the Company’s ability to pay debt service and the financial viability of the Project.

Any Senior Loan documents will likely contain various representations, covenants (affirmative and negative) and other provisions. Such restrictions, while relatively common in today's real estate financing market, increase the risks of an investment in the Company. If the Company fails to satisfy the covenants, the Senior Lender may declare the Senior Loan in default and could also foreclose on the Property, in which case, Investors could lose their entire investment in the Company.

The Company is looking to raise $754,000 in additional equity financing for the Project outside of this Offering. The Company may also take on long term debt to cover the difference between the total estimated Project costs of $3,354,000 and the total financing raised through this Offering and other sources. If the Company’s gross proceeds from this Offering and other financing sources do not cover estimated Project costs, completion of the Project may be delayed indefinitely, jeopardizing the Company’s ability to make interest payments and repay principal on the Notes.

The Project is expected to be, for the foreseeable future, the Company’s only asset. As a result, the Company will not have diversified sources of revenue. The prospects of the Company depend upon the Project maintaining its occupancy, rental, and resale value or increasing in such value. The typical risks relating to an investment in real estate will apply to the Project and its ability to meet debt service obligations. These include, but are not limited to:

• Changes in the general economic climate and market conditions of the United States and Indianapolis, Indiana;

• Changes in the occupancy or rental rates of the Project;

• A failure to lease the Project in accordance with the projected leasing schedule;

• Limited availability of mortgage funds or fluctuations in interest rates which may render the sale and refinancing of the Project difficult;

• Unanticipated increases in real estate taxes and other operating expenses;

• Competition from other similar housing and commercial properties;

• Environmental considerations;

• Zoning laws and other governmental rules and policies; and

• Uninsured losses including possible acts of terrorism or natural disasters.

Due to the lack of diversification, any one or more of the preceding factors could materially adversely affect the value of the Project. If the value of the Project were to decrease and the Company were to choose to sell the Project, liquidate and distribute its remaining assets after paying other creditors senior to the Investors in the Notes, Investors might not recover the amount of their investment, if Investors were to receive any funds at all.

The Company's income and operating results may vary significantly from projected amounts and fluctuate substantially from month to month due to several factors, many of which are likely to be outside of the Company's control. These factors, each of which could adversely affect results of operations, include:

• Unexpected expenditures for development, construction and other expenses;

• Lease price reductions by the Company, regulations or its competitors or changes in how rent is priced;

• Actual leasing income could be lower than projected rental income due to lower than expected rental demand;

• A Tenant may terminate a lease early;

• Collection of rent may occur in a subsequent year than the year projected due to the requirement or the failure of a Tenant to make rent payments when due;

• Actual expenses could be in excess of projected expenses;

• Changes in the demand for or supply of competitive properties;

• Environmental controls and other governmentally imposed restrictions;

• Changes in state or local tax rates and assessments;

• Changes in general or local economic conditions and acts of God or other calamities;

• The Company's ability to attract, train and retain qualified personnel;

• Change in federal or state laws and regulations;

• Timing and number of strategic relationships that are established;

• Loss of key business partners.

Any projections of the Company's future operating costs will be based upon assumptions as to future events and conditions, which the Company believes to be reasonable, but which are inherently uncertain and unpredictable. The Company's assumptions may prove to be incomplete or incorrect and unanticipated events and circumstances may occur. Due to these uncertainties and the other risks outlined in this section, the actual results of the Company's future operations can be expected to be different from those projected and such differences may have a material adverse effect on the Company's prospects, business or financial condition.

Any projections that prepared or provided by the Company will not be prepared with a view toward public disclosure or complying with the published guidelines of the American Institute of Certified Public Accountants or the Securities Exchange Commission regarding projected financial information. Under no circumstances should such information be construed to represent or predict that the Company is likely to achieve any particular results. The cautionary statements made should be read as being applicable to all related forward-looking statements wherever they appear.

Because the Property requires substantial construction efforts, there are additional risks relating to the nature of such construction efforts. Construction risks include, but are not limited to, the timeliness of the project’s completion, the integrity of appraisal values, and the length of the ultimate construction process. If construction work is not completed (due to contractor abandonment, unsatisfactory work performance, or various other factors) and all available financing has already been expended, then in the event of a default the Company may in some instances borrow significant additional funds to complete the construction work. Any such investment could potentially require that it be repaid by the Company prior to the Investors being paid back on their investment; in such event, the ability of the Investors to realize on their investment would be materially adversely affected. Default risks also exist where it takes the Developer longer than anticipated either to construct the Property, or if the Company does not receive sufficient proceeds from the planned financings to repay the Note Investors in full. Investments involving properties with such development or significant rehabilitation business plans have an increased risk of failure.

The Company was formed in November 2017 and has no previous operating history or past financial information. The Company has not generated any income to date. The Project is currently in an early phase of construction and is not generating rental income. Due to the Company’s lack of operating history and the development status of the Project, the Company is unable to forecast its income with any assurance of accuracy. Therefore, we cannot provide any assurance that the Company will be able to achieve projected income levels or projected interest payments to Investors.