Property Highlights:

• Multi-family housing
• 54 Units total
• Comprised of three buildings. Building B, C, and D
• Building B expected to be ready for occupancy Fall of 2020
• Construction is staged one building at a time

Approximately 54 Units of the Cheney Park Commons II Multi-Plex campus consists of three buildings: B, C and D. Construction began on Building B in October, 2019. For every $80,000 unit subscribed to Equilus Capital Partners, LLC, the investor will own one membership unit or approximately 1% beneficial ownership interest in the Capital Partnership, LLC, of Cheney Park Commons II.  For every $40,000.00 unit subscribed to Equilus Capital Partners, LLC, the investor will own one-half of a membership unit or approximately 0.5% beneficial ownership interest in the Capital Partnership, LLC, of Cheney Park Commons II.

All monies will be applied directly to a title ownership interest via the LLC      Partnership. Initial funds will be held in interest-bearing equity trust funds until the project is moved out of the construction planning phase into the construction or income phase.  Annual profits, losses, and distributions are passed through to the membership base for as long as there are operating projects in the members' LLC portfolio.  Most projects in the portfolio are planned on a basis of 4-10 years, at which time the LLC may sell the multi-plex unit for an appreciated asset return of capital.

Project Assumptions:

Based on the all-inclusive cost of $360,000 for the purchase of the properties from Cheney Park Commons I, $8,000,000 for site construction and buildout of Buildings B-D, which consist of 54 multi-family units, the properties are projected to provide an aggregate annual cash flow yield of approximately 6.21% following development completion and stabilization. The aggregate annual cash-flow yield is expected to increase on an annual basis from $618,658.56 in year 2 to $724,857.11 in year 10, based on contractual lease terms and a fixed-rate projection of 2% annually. The projected aggregate first-year net cash from operations of the properties is estimated to be $497,259.51. This projection is net total of any debt service and total projected property Management and Operations expenses of $121,399.05, which includes an annual fee to the Fiduciary Trustee.

-

inclusive cost of $

78

7

,

5

00

for the purchase of the properties from

Equilus Capital

Partners,

$

7

,

212,500

Million for site construction and buildout of phase II

A

-

C

of

54

multifamily units the Properties as a group are projected

to provide an aggregate annual cash flow yield of approximately

6.45

% the first year following t

he completed

development by

CPCII

for the beneficial ownership interests in the Property Partnership. The aggregate annual cash

-

flow

yield is expected to increase on an annual basis from $

481,170

in year two to $

563,932

in year ten based on contractual

lea

se terms and fixed

-

rate projection of 2% annual. Projected aggregate first

-

year net cash from operations of the

Properties is estimated to be approximately $

471,736

. These projections are net total of any debt service, total annual

Administrative Fees to t

he Fiduciary Manager of $

12,026

and total projected Administration and Property expenses of

$

1

29,607

which includes an annual fee to the Fiduciary Trustee.