| Description | Frequency | Basis for Fee | When Earned | Amount |
| Expense Reimbursement | On startup and incidentally thereafter | Payment of documented out-of-pocket expenses paid by the Manager or its members on behalf of the Company. | Startup reimbursements due on breaking of impounds, or incidentally thereafter. | Indeterminate. |
| Acquisition Fee | One-time Fee | Compensation for efforts of the Manager in organizing the Company, conducting due diligence on the Property, procuring the acquisition loan, and making this investment opportunity available to Investors. | On Breaking Impounds or as funds are raised thereafter. | Approximately between 2%-5% of the purchase price of the Property. |
| Asset Management Fee | Recurring, monthly Fee | To be paid to the Manager for the management of the Property. | During Property operations. | 2.0% of the total monthly revenue collected from the Property. |
| Property Management Fee | Recurring, monthly Fee | To be paid to a third-party Property Manager, who will provide Property Management services. The Property Manager may be an Affiliate of the Company. | During Property operations. | 4.0% of gross collected income from the Property. |
| Brokerage Fee | Upon the sale and purchase of the Property. | To be paid to members of the Manager or its affiliates as a traditional brokerage fee for performing all listing and sales duties. | Upon the close of the sale and purchase of the Property. | 3% of the purchase price of the Property.[1] |
| Refinance Fee | Fee paid at the time of a refinance. | Compensation to the Manager for its efforts in securing a refinance loan on the Property. | On the refinance of the Property. | 1.0% of the new loan amount, or other negotiated amount. |
| Disposition Fee | One-time Fee | Compensation to the Manager for its efforts in disposing of the Property. | On the sale or disposition of the Property. | 1.0% of the sale price at the time the Property is sold. |
| Interest on Deferred Fees or Manager Advances | Monthly | The Manager may earn Interest on any deferred Fees, Manager Advances, or unreimbursed expenses that are not paid when incurred or due. | Starts on date Fee earned for duration of deferment. | Up to a 10% annual rate of interest on the deferred Fee or reimbursement, if any. |
