GOOD BULL LENDING, LP

GBL SNAPSHOT

IE

$33.12M
Investor Equity

CLIENTS

79
13 Institutional
66 Individual Investors

LOANS & JVs

18 Loans
5 JVs
$36.1M¹

NOI

$1.69M¹ NOI
$960k Preferred Return to LPs

1. Jan-Jun 2023

GBL – A STORY OF PROFITABLE GROWTH

		Investor Equity Consistent growth in investor equity and total investors (23 in 2021, 47 in 2022, and 79 in 2023) 80%+ of maturing principal reinvested.
		Deployment $36.1M in loans made since inception $17.44M repaid $4.08M positions closed generating 25% return

Investor Equity

Consistent growth in investor equity and total investors
(23 in 2021, 47 in 2022, and 79 in 2023)

80%+ of maturing principal reinvested.

Deployment

$36.1M in loans made since inception

$17.44M repaid

$4.08M positions closed generating 25% return

A LOAN FOR A LAND DEVELOPER

	$1.5M	Initial loan made for ~ 464 acres of land, sub-divided into 29 tracts
		$120,000 origination fee 10% annual interest rate First lien position on each tract
		Return to date: Cash-on-cash: 15% IRR 57.7%

$1.5M

Initial loan made for ~ 464 acres of land, sub-divided into 29 tracts

$120,000 origination fee
10% annual interest rate
First lien position on each tract

Return to date:

• Cash-on-cash: 15%
• IRR 57.7%

Investment cash flow to date (Thousands)

Gap and Special Situation Loan Performance

$6 million for Dallas multifamily. This loan was paid back within 90 days. Good Bull executed this deal the same day that we received the opportunity.

$4 million loan for land in Tampa, Florida (first lien). We received a full repayment in 78 days.

Prominent Texas based syndicator group needed a $1.2 million emergency loan to close on a property in Houston. Received a mixed use development in North Texas as our collateral. Repaid within 56 days.