We are pleased to report the Dynamo fund has maintained strong performance in February, delivering a ~1.98% return for our investors vs. 1.65% for Dynamo Direct. This puts our year-to-date returns at 3.99%, keeping us on track toward excellent annualized returns and showcasing the power of our pooled capital. For more details about the fund's activities, originations, and market strategies, please read the "Update from Our Sponsors" at the end of this email. We encourage all investors to review these monthly updates for valuable insights into the fund's operations.

https://www.youtube.com/watch?v=Ux-Ex7oHCFA

Distribution Details:

• What will be my return for February?
  • February distributions are: ~1.98*%*. Your actual return percentage may vary slightly because of fund setup and administrative fees depending on your investment size, as detailed in the PL Dynamo 1 SPV Operating Agreement.
  • You can see your exact dollar amount in your Tribevest Investor Portal. Please use this Link: Tribevest Investor Portal
• When will my return be sent? February returns will be sent next week once we receive and process our distribution from Dynamo. Please allow an additional 3-5 business days for your financial institution to process and post the funds.

Key Fund Information:

• Tax documents: We expect to receive the 2024 year-end financials and our PL Dynamo 1 SPV K1 from Dynamo in late April, according to the sponsor update below. As soon as we receive the business K1 from Dynamo, Tribevest will require approximately 30 days to process and prepare individual investor K1s. They will then be distributed and available in your Tribevest portal. We highly encourage you to file an extension for your 2024 taxes.

• Trailing Dynamo LTV%: We have heard from many investors they would like to see this data, so we will be adding this section to our reports going forward:

  Year    Month  Ave New LTV     Ave. LTV of Portfolio

  2024  Dec         68.63%                   66.68%

  2025  Jan          67.17%                   66.56%

  2025  Feb          71.36%                   68.38%

Fund Updates and Announcements:

• PL Dynamo 2 is now open for monthly investment! Building upon our successful partnership with Dynamo Capital, this new investment vehicle offers another opportunity to benefit from the strong returns in the private lending space. Each month, we will open up a limited allocation for Property Llama investors, but we may not know the size of this allocation until a few weeks before the end of the month.

Due to significant interest and the limited monthly allocation, we expect these to fill quickly. The deadline for March investments is rapidly approaching. If you're interested in participating in PL Dynamo 2, we encourage you to complete a Soft Commitment form to secure your position.

While this commitment is not legally binding, it will reserve your place in the queue for upcoming allocations. Allocations will be filled on a first-come, first-serve basis.

For more information about PL Dynamo 2, please visit our deal room. - Reminder to our investors who invested in both PL Dynamo 1 SPV and PL Dynamo 2, these are treated as 2 separate investments. This helps ensure each fund operates as a distinct legal entity with its own operating agreement, management structure, and financial accounting.

• Monthly PL Dynamo Update Calls! We’re excited to announce a new, live, interactive webinar series with Dynamo Capital exclusively for Property Llama investors. Investors will have the opportunity to ask questions directly to Justin and Matt about the fund.

Our first call will be on Friday, March 21st from 10:00am-11:00MST. Watch for your invite later this week. Send your questions ahead of time to [email protected], and we’ll ensure they are answered!

We value you as an investor and thank you for your continued trust and partnership. If you have any questions or need further assistance, please feel free to contact us at [email protected].

Best regards,

Chris Lopez, Richard McGirr & the Entire Team at Property Llama Capital

P.S. - Send your Dynamo questions now or anytime to [email protected] to ensue they are discussed during the LIVE monthly update call.  These calls will also be recorded and shared with our investors.