This
material does not constitute an offer to sell nor a solicitation
of an offer to buy any security. Such offers can be made only by
the confidential Private Placement Memorandum (the "Memorandum")
for the Freedom Fund, LLC and the Victory Fund, LLC (the "Company"),
Investors must be aware that this material cannot and does not replace
the Memorandum and is qualified in its entirety by the Memorandum.
This
investment involves various degrees of risk, including the speculative
market and financing risks associated with fluctuations in the
real estate market. Please refer to the "Risk Factors"
section of the Memorandum.
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