Overview

PROJECT OVERVIEW: Bridgeview, the sponsor, intends to construct a 248-unit “Class A” multifamily hybrid wrap/garden-style residential community named Mercantile Lofts in Arlington, TX. The project is located within the Dallas-Fort Worth Metroplex giving residents convenient access to both cities’ major employment and entertainment drivers. This proximity to major employers is driving continuous growth in the Arlington area and positions it as a prominent destination for new developments. - 12,208 - Businesses in a 5-mile radius - $76,108 - Average Household Income in a 3-mile radius - 94.7% - 5-year Average Occupancy Rate - 6.2% - 5-year Average Rent Growth (MPF Q4 2023) We believe the investment opportunity provides a strong value proposition for investors looking to capitalize on the growing demand for rental units in the North Texas area. The current period has presented challenges in the real estate sector, particularly for ground-up multifamily construction with access to development capital being restricted as major banks curtail real estate lending. KEY ADVANTAGE: The Project benefits from unprecedented zoning approvals for Arlington, where most garden-style properties are limited to 18-22 units per acre, Bridgeview has secured approval for 39 units per acre, significantly increasing the site’s density. This increase allowed the development to expand from 148 units to 248 units, further enhancing its financial and operational potential. At $19.62 per square foot, BV estimates this land cost to be 12.7% lower than the Dallas-Fort Worth (DFW) market average of $22.47 per square foot [1]. By securing the land at such favorable terms, Mercantile Lofts achieves a total cost savings of approximately $784,603 which strengthens the project's financial metrics and improves its value proposition. [1] Market Price of $22.47 per square foot is based on Bridgeview’s recent market study completed in February 2024 – Completed by Valbridge Property Advisors EQUITY OFFERING: Min. Investment Amount: $100,000 Estimated Investor Multiple*: 1.7x - 2.0x Estimated Investor IRR*: 21% - 25% Preferred Return*: 8-10% NOTES OFFERING: Min. Investment Amount: $50,000 Total Interest*: 12% Interest Paid Current*: 8% Accrued Interest*: 4-6% * Due to various risks and uncertainties, actual returns may differ materially from the returns reflected. No return is guaranteed and investors risk the loss of the entire amount of their invested capital. Preferred Return is dependent on share class owned. DISCLOSURE: Investments in these securities are not suitable for all investors; they are speculative and illiquid and involve a high degree of risk and the potential loss of your entire investment. The information contained herein does not constitute an offer to sell nor a solicitation of an offer to purchase any security. Offers will only be made through a private placement memorandum to accredited investors and qualified purchasers where law permits. Carefully review any private placement memorandum's “Risk Factors” section before investing. All Images used are renderings of the future development.