Common use of Delays In Investment Could Adversely Affect Return To Investors Clause in Contracts

Delays In Investment Could Adversely Affect Return To Investors. A delay will occur between the time investors purchase their Units and the time the net proceeds of the Offering are invested. This delay could adversely affect the return paid to the Limited Partners. In order to mitigate this risk, pending the investment of the proceeds of this Offering, funds will be placed in such highly liquid, short-term investments as the General Partners shall designate. The interest earned on such interim investments is expected to be less than the interest earned by the Partnership on Mortgage Investments. The General Partners estimate, based upon their historical experience in previous, similar offerings, that it will be no longer than ninety (90) days from the time an investor's funds are received by the Partnership until they are invested in Mortgage Investments.