Seattle Modern Living LLC

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

Fund: Fund 2, iCap Northwest Opportunity Fund LLC

Location: 4918 S. Willow Street, Seattle, WA 98118

Description: The purchase of a single lot and the subsequent short plat and construction of 26 townhomes located in Seattle. The homes will be located within walking distance of transit, shopping, parks, and schools. Each home will be between 1,400 SF and 1,600 SF with 2-3 bedrooms, 2.5 baths, and a 1-2 car garages.

Investment Date Fund 1: 4/23/2014

Investment Date Fund 2: 11/1/2017

Estimated Exit: 12/31/2019

Investment Amount to Date Fund 1: $1,567,472.91

Investment Amount to Date Fund 2: $3,422,317.53

Q1 2019 Progress Update: Buildings A and B are complete, sidewalks and roads are being installed. Construction for buildings F and G will begin in April 2019, buildings H and I in May 2019.

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Jami Stevenson