Page 7 - Nikols - Annual Report 2022
P. 7
FUND SUMMARY
Offering Size: $200 million
Fund Structure: California LLC, 100% owned by its investors (“Members”)
r: T With Don Nikols, Chairman of the Board and Carrie Nikols, Chief Executive Officer
Management Fees: Paid from interest collected from borrowers, typically 1% of
loans under management
Investment Load: None
Fund Leverage: 5 st ge: Bor or ge: Bor as of Jan. 1, 2022
Minimum Investment: $50,000 minimum
Commitment Period: t c nt Requirements: et et income if single, $300K/yr if married
Investor Reports: Monthly Fund Updates, Account Statements,
ate Annual Investment Report
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