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  • Bill Herr

SDG Dubuque Successfully Closes Construction Loan

SDB Dubuque is an investment in our Income Series

We invested in SDG Dubuque with a short term note and longer term preferred equity. We received payment and interest back on the short term notes at the end of June. The fund received a rate in excess of 14% (net of all fees) for the term of the loan. We continue to hold longer term preferred equity that will return close to 11% (net).

The building is going up quickly and should be occupied on schedule.

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