ADD EXHB 5 ex1a15_1.htm EXHIBIT 1A-15.1

 

Exhibit 1A-15.1

 

TABLE I: EXPERIENCE IN RAISING AND INVESTING FUNDS

 

Program Name  

Offering Period

(Start - End

Date)

 

Total Dollar

Amount Offered

   

Total Dollar

Amount Raised

   

Length of

Offering

(Months)

   

Months to Invest 90% of

Amount Available for

Investment

                   
ILS Growth Fund I LP (Initial)   06/01/2018 - 06/30/2022   $ 50,000,000     $ 50,000,000       48     48
ILS Growth Fund I LP (2nd Offering Update)   07/01/2022 – 11/01/2023   $ 100,000,000     $ 96,074,935       16     12
ILS Growth Fund I LP (3rd Offering Update)   11/01/2023 - Evergreen   $ 150,000,000     $ 111,502,543       8+     Evergreen still raising
ILS Income Fund I LP   06/01/2018 - Evergreen   $ 50,000,000     $ 13,313,842       74+     Evergreen still raising
ILS RE Capital I LLC   03/01/2022 - Evergreen   $ 75,000,000     $ 7,606,207       28+     Evergreen still raising
ILS RE Capital II LLC   12/01/2022 - Evergreen   $ 75,000,000     $ 4,334,058       19+     Evergreen still raising

 

  
 

 

CF Industry Guide 5 Table III

ILS Fixed Horizon LLC

Table III

Operating Results for the year ended December 31, 2023, of projected closed within 5 years (unaudited)

 

   ILS Growth Fund I LP   ILS Income Fund I LP   ILS RE Capital LLC   ILS RE Capital II LLC 
Gross Revenues:                    
Revenue from Operations  $13,390,319.27   $1,409,109.40   $888,044.12   $280,628.07 
Less: Operating Expenses  $183,798.28   $32,665.41   $6,198.10   $12,273.00 
Less: Interest Expenses  $922,696.38   $5,061.31   $557,884.70   $189,951.22 
Less: Depreciation  $-        $-   $- 
More: Other Income (Bank interest)  $96.10   $17.35   $199.48   $5.52 
Less: Other Expenses (Franchise Tax)  $75,669.40   $5,110.68   $-   $- 
Net Income-GAAP Basis  $12,208,251.31   $1,366,289.35   $324,160.80   $78,409.37 
Cash Flow:                    
Net cash flows from operating activities  $(9,595,172.41)  $(1,277,247.25)  $21,340.68   $(1,452.19)
Net cash flows from investing activities  $(1,405.00)  $1,655.40   $2,972.70   $1,718.00 
Net cash flows from financing activities  $9,596,830.06   $1,275,583.48   $(65,353.53)  $- 
Net Cash generated (deficiency) after cash distributions  $252.65   $(8.37)  $(41,040.15)  $265.81 
Net Cash generated (deficiency) after cash distributions and special items  $252.65   $(8.37)  $(41,040.15)  $265.81 
Cash Distributions to Investors Source (on GAAP basis):  $-   $-   $-   $- 
Investment Income  $-   $-   $-   $- 
Return of Capital  $-   $-   $-   $- 
Source (on cash basis):  $-   $-   $-   $- 
Sales  $-   $-   $-   $- 
Refinancing  $-   $-   $-   $- 
Operations  $-   $-   $-   $- 
Other  $-   $-   $-   $- 

 

   
 

 

CF Industry Guide 5 Table III

ILS Fixed Horizon LLC

Table III

Operating Results for the year ended December 31, 2022, of projected closed within 5 years (unaudited)

 

   ILS Growth Fund I LP   ILS Income Fund I LP   ILS RE Capital LLC   ILS RE Capital II LLC 
Gross Revenues:                    
Revenue from Operations  $8,612,232.55   $968,364.39   $214,328.58   $- 
Less: Operating Expenses  $43,111.53   $9,316.02   $49,073.02   $5,999.86 
Less: Interest Expenses  $1,268,988.77   $58,374.83   $122,469.56   $- 
Less: Depreciation  $-   $-   $-   $- 
More: Other Income (Bank interest/Discounted Notes)  $39.32   $25,890.83   $84.35   $0.34 
Less: Other Expenses (Franchise Tax)  $12,800.00   $-   $-   $- 
Net Income-GAAP Basis  $7,287,371.57   $926,564.37   $42,870.35   $(5,999.52)
Cash Flow:                    
Net cash flows from operating activities  $(38,127,913.50)  $(3,145,064.53)  $56,659.79   $4,109.24 
Net cash flows from investing activities  $(13,344.60)  $1,655.40   $(15,489.20)  $(4,667.25)
Net cash flows from financing activities  $38,160,372.16   $3,143,689.63   $1,000.00   $1,000.00 
Net Cash generated (deficiency) after cash distributions  $19,114.06   $280.50   $42,170.59   $441.99 
Net Cash generated (deficiency) after cash distributions and special items  $19,114.06   $280.50   $42,170.59   $441.99 
Cash Distributions to Investors Source (on GAAP basis):  $-   $-   $-   $- 
Investment Income  $-   $-   $-   $- 
Return of Capital  $-   $-   $-   $- 
Source (on cash basis):  $-   $-   $-   $- 
Sales  $-   $-   $-   $- 
Refinancing  $-   $-   $-   $- 
Operations  $-   $-   $-   $- 
Other  $-   $-   $-   $- 

 

   
 

 

CF Industry Guide 5 Table III

ILS Fixed Horizon LLC

Table III

Operating Results for the year ended December 31, 2021, of projected closed within 5 years (unaudited)

 

   ILS Growth Fund I LP   ILS Income Fund I LP 
Gross Revenues:          
Revenue from Operations  $3,867,082.61   $565,363.80 
Less: Operating Expenses  $37,236.03   $9,579.36 
Less: Interest Expenses  $845,960.52   $120,712.36 
Less: Depreciation  $-   $- 
More: Other Income (Bank interest)  $29.12   $10.18 
Less: Other Expenses (Franchise Tax)  $1,542.00   $- 
Net Income-GAAP Basis  $2,982,373.18   $435,082.26 
Cash Flow:          
Net cash flows from operating activities  $(18,129,817.68)  $(4,356,240.81)
Net cash flows from investing activities  $1,655.40   $1,655.40 
Net cash flows from financing activities  $18,119,869.36   $4,352,673.18 
Net Cash generated (deficiency) after cash distributions  $(8,292.92)  $(1,912.23)
Net Cash generated (deficiency) after cash distributions and special items  $(8,292.92)  $(1,912.23)
Cash Distributions to Investors Source (on GAAP basis):  $-   $- 
Investment Income  $-   $- 
Return of Capital  $-   $- 
Source (on cash basis):  $-   $- 
Sales  $-   $- 
Refinancing  $-   $- 
Operations  $-   $- 
Other  $-   $- 

 

   
 

 

CF Industry Guide 5 Table III

ILS Fixed Horizon LLC

Table III

Operating Results for the year ended December 31, 2020, of projected closed within 5 years (unaudited)

 

   ILS Growth Fund I LP   ILS Income Fund I LP 
Gross Revenues:          
Revenue from Operations  $1,281,558.92   $155,971.86 
Less: Operating Expenses  $10,576.23   $5,949.00 
Less: Interest Expenses  $454,197.64   $78,663.26 
Less: Depreciation  $-   $- 
More: Other Income (Bank interest)  $138.38   $20.00 
Less: Other Expenses (Franchise Tax)  $-   $- 
Net Income-GAAP Basis  $816,923.43   $71,379.60 
Cash Flow:          
Net cash flows from operating activities  $(9,669,327.45)  $(1,080,891.70)
Net cash flows from investing activities  $1,655.40   $1,655.40 
Net cash flows from financing activities  $9,676,412.23   $1,078,985.11 
Net Cash generated (deficiency) after cash distributions  $8,740.18   $(251.19)
Net Cash generated (deficiency) after cash distributions and special items  $8,740.18   $(251.19)
Cash Distributions to Investors Source (on GAAP basis):  $-   $- 
Investment Income  $-   $- 
Return of Capital  $-   $- 
Source (on cash basis):  $-   $- 
Sales  $-   $- 
Refinancing  $-   $- 
Operations  $-   $- 
Other  $-   $- 

 

   
 

 

CF Industry Guide 5 Table III

ILS Fixed Horizon LLC

Table III

Operating Results for the year ended December 31, 2019, of projected closed within 5 years (unaudited)

 

   ILS Growth Fund I LP   ILS Income Fund I LP 
Gross Revenues:          
Revenue from Operations  $214,959.85   $44,871.37 
Less: Operating Expenses  $16,480.40   $13,915.40 
Less: Interest Expenses  $82,735.59   $9,346.85 
Less: Depreciation  $-   $- 
More: Other Income (Bank interest)  $177.91   $62.69 
Less: Other Expenses (Franchise Tax)  $-   $- 
Net Income-GAAP Basis  $115,921.77   $21,671.81 
Cash Flow:          
Net cash flows from operating activities  $(1,916,368.34)  $(63,242.09)
Net cash flows from investing activities  $1,655.40   $1,655.40 
Net cash flows from financing activities  $1,920,042.58   $53,325.15 
Net Cash generated (deficiency) after cash distributions  $5,329.64   $(8,261.54)
Net Cash generated (deficiency) after cash distributions and special items  $5,329.64   $(8,261.54)
Cash Distributions to Investors Source (on GAAP basis):  $-   $- 
Investment Income  $-   $- 
Return of Capital  $-   $- 
Source (on cash basis):  $-   $- 
Sales  $-   $- 
Refinancing  $-   $- 
Operations  $-   $- 
Other  $-   $- 

 

  
 

 

TABLE IV: RESULTS OF COMPLETED PROGRAMS

 

Program

Name

  Date Closed  

Duration

(Months)

   

Aggregate

Amount Raised

   

Annualized Return

on Investment

 

Median

Annual

Leverage

   

Aggregate

Compensation Paid to

Sponsor

 
                       
ILS Growth Fund I LP   Present (Evergreen)     74+     $ 111,502,543     Overall 8.49%; Last12Mths 10.6%     8.65%   $ 6,855,771  
ILS Income Fund I LP   Present (Evergreen)     74+     $ 13,313,842     Overall 7.31%; Last12Mths 8.4%     7.61%   $ 763,197  
ILS RE Capital LLC   Present (Evergreen)     28+     $ 7,606,207     Overall 5.41%; Last12Mths 7.16%     6.92%   $ 426,503  
ILS RE Capital II LLC   Present (Evergreen)     19+     $ 4,334,058     Overall 6.35%; Last12Mths 7.30%     7.08%   $ 154,653  

 

  
 

 

TABLE V: SALES OR DISPOSAL OF LOANS

 

Item No.  

Date of

Sale/Disposal

 

Title of Each

Class of

Property

 

Principal

Amount of

Notes

 

Nature and

Amount of

Consideration

Received

 

Gain or (Loss) on

Sale/Disposal

 

Name and Business

Address of

Purchaser

 

Relationship

to Issuer

 

Terms of

Transaction

 

Purpose of

Transaction

                            
1   Various   Secured Note from Affiliate ILS Lending LLC / Pearl Funding LLC   $0.00 (None since sold back at Principal Amount)   Cash: $0.00 (None since sold back at Principal Amount)   $0.00 (None since sold back at Principal Amount)   ILS Lending LLC / Pearl Funding LLC 210 Market Street El Campo TX 77437   Affiliate   Sale at principle plus accrued interest for no loss of interest income or Asset Value   To buy back loan that is in Default to Affiliate to Dispose of