Columbia Property Managers LLC

Fund: Fund 1, iCap Pacific Northwest Opportunity & Income Fund LLC

Location: 21895 Viking Ave. NW, Poulsbo, WA 98370

Description: The sponsor will be closing on two lots – one has main road frontage which will be the location of the Sonic Drive-in. The extra commercial lot, behind the proposed Sonic Drive-in, will be developed into a warehouse property and then sold.

Investment Date: 12/26/2014

Estimated Exit:

Investment Amount to Date: $1,057,710.92

Q1 2019 Progress Update: Sonic has been built, and we are currently marketing warehouse space to interested companies.

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Jami Stevenson