This website ("Website") is neither an offer to sell nor a solicitation of
an offer to buy any security, nor is it an offer of any sort of investment
advice. An offer may only be made via a written offering document
("Memorandum") provided by Build Secured Income Fund I, LP (the "Fund") that
offers units of Class A limited partner interests in the Fund ("Units").
Build Asset Management, LLC ("Build") will provide the Memorandum only to
qualified and accredited investors and has prepared this Website solely to
enable you to determine whether you are interested in receiving additional
information about it or the Fund. This Website should be read in conjunction
with the Memorandum, and this Website is not intended to be relied upon as
the basis for an investment decision, and is not, and should not, be assumed
to be complete.
This Website should not be construed as investment or other advice—it is
presented for information purposes only and is not intended to be either a
specific offer by any person to provide any financial service or product.
Purchasers of Units will only be limited partners of the Fund, and will have
no equity in, or any standing or other recourse against, Build.
While many of the thoughts expressed in this Website are stated in a factual
manner, the discussion reflects only Build's beliefs about the markets in
which the Fund will invest when following its investment strategies as are
described in the Memorandum. Build's views expressed herein are subject to
change. The descriptions of the Fund's investment strategy herein are in
summary form, are incomplete and do not include all the information needed
to evaluate any potential investment in the Fund. The contents of this
Website are qualified in their entirety by the Memorandum and the Fund's
limited partnership agreement, as they may be amended or supplemented from
time to time.
The information in this Website is only as current as of the date indicated
and may be superseded by subsequent market events or for other reasons.
Summary of Risk Factors
AN INVESTMENT IN THE UNITS INVOLVES SIGNIFICANT RISKS. ONLY INVESTORS WHO
CAN BEAR THE ECONOMIC RISK OF THE INVESTMENT FOR AN INDEFINITE PERIOD OF
TIME AND THE LOSS OF THEIR ENTIRE INVESTMENT SHOULD INVEST IN THE UNITS.
UNITS ARE ILLIQUID AND THERE IS NO PUBLIC MARKET FOR SALE OF THE UNITS.
In general, investment in the Units involves various and substantial risks,
including but not limited to:
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Limited operating history. There can be no assurance that Build's
principals and affiliates will be able to duplicate prior investment
success or that we will achieve our objectives or achieve positive results
of any kind.
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The Units are highly illiquid, have no public market and are generally not
transferable except with prior consent of the Build Secured Income Fund I
GP, LLC ("GP").
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Expenses will be significant, and we will need to make substantial profits
to avoid depletion of our assets and provide a return to LPs.
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We may use leverage, which will subject such investment to increased
exposure to adverse economic factors.
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In addition to the Loans themselves, the risks posed by Bitcoin will
directly impact our results.
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Factors impacting the value of digital assets, and to Bitcoin in
particular, will directly impact the availability of Loans to acquire and
the market for Loans if we sought to sell them.
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We are particularly dependent upon the efforts, experience, contacts and
skills of the individual members of Build, and certain of its affiliates
and principals.
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General investment risks as no assurance can be given that the investment
strategies used will be successful under all or any market conditions.
BITCOIN RISK INFORMATION: Bitcoin and other
cryptocurrencies are a digital representation of value that function as a
medium of exchange, a unit of account, or a store of value, but they do not
have legal tender status in the United States. Cryptocurrencies are
sometimes exchanged for U.S. dollars or other currencies around the world,
but they are not generally backed or supported by any government or central
bank.
Their value is completely derived by market forces of supply and demand, and
they are more volatile than traditional currencies. The value of
cryptocurrency may be derived from the continued willingness of market
participants to exchange fiat currency for cryptocurrency, which may result
in the potential for permanent and total loss of value of a particular
cryptocurrency should the market for that cryptocurrency disappear.
Cryptocurrencies are not covered by either FDIC or SIPC insurance.
Legislative and regulatory changes or actions at the state, federal, or
international level may adversely affect the use, transfer, exchange, and
value of cryptocurrency.
Cryptocurrency markets come with several risks, including volatile market
price swings or flash crashes, market manipulation, and cybersecurity risks.
In addition, cryptocurrency markets and exchanges are not regulated with the
same controls or customer protections available in equity, option, futures,
or foreign exchange investing. There is no assurance that a person who
accepts a cryptocurrency as payment today will continue to do so in the
future.
For further detail on risk factors, prospective investors should read the
"Risk Factors" section of the Memorandum which discusses the risks and
uncertainties believed to be material to the operations, operating results,
prospects and financial conditions. Only by carefully reviewing and
considering those factors and the rest of the Fund's offering documents (in
addition to other independent investigations) can an investor determine
whether such risks, as well as Build's experience and compensation,
conflicts of interest and other information contained therein are acceptable
to the investor. The Fund does not undertake any obligation to revise or
update any statement in this Website for any reason.
Additional Important Disclosures
Build reserves all copyright and intellectual property rights to the
content, information and data within this Website. The contents in this
Website are protected by copyright and no part or parts hereof may be
modified, reproduced, stored in a retrieval system, transmitted (in any form
or by any means), copied, distributed, published, displayed, broadcasted,
used for creating derivative works or used in any way for commercial or
public purposes without the prior written consent of Build. The recipient
agrees to keep the contents of this Website confidential and use it solely
to evaluate whether further investigation of the Fund is warranted.
Past performance of the Fund, Build or its personnel is not indicative of
future Fund results. Build does not guarantee any minimum level of investment performance or the
success of the Fund. There is a potential for loss in any investment, including
loss of principal invested. All investments involved risk, and different types
of investments involve varying degrees of risk. Investment recommendations will
not always be profitable.
Internal Rate of Return: In addition to being subject to
various risks noted herein and in the Memorandum, the Fund's future
performance will be subject to: (i) the Fund being able to purchase a
majority of Loans bearing at or above 15% interest and its counterparties do
not fail to offer or service those Loans properly; (ii) annual Management
Fees and Fund expenses not exceeding 2.5%; (iii) minimal Loan losses; (iv)
continued consumer and business demand for the Loans at the aforementioned
interest rates; and (v) total Fund assets grow and remain at a size that
adequately covers additional annual Fund operating expenses.
Private funds like the Fund are speculative investments and are not suitable
for all investors, nor do they represent a complete investment program.
Private funds are available only to qualified investors who are comfortable
with the substantial risks and who can withstand a total loss of invested
capital. Economic, market and other conditions could also cause the Fund to
alter its investment objectives, guidelines and restrictions. Nothing herein
is intended to imply that Build's investment methodologies may be considered
"conservative", "safe", "risk free" or "risk averse".
YOU SHOULD MAKE YOUR OWN DECISION WHETHER THE FUND MEETS YOUR INVESTMENT
OBJECTIVES AND RISK TOLERANCE LEVEL. THE UNITS ARE OFFERED ONLY TO QUALIFIED
INVESTORS. THE UNITS HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT
OF 1933, AS AMENDED, (THE "SECURITIES ACT") OR THE SECURITIES LAWS OF ANY
STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
DISPOSED OF BY AN INVESTOR. NEITHER THE U.S. SECURITIES AND EXCHANGE
COMMISSION ("SEC"), ANY STATE SECURITIES COMMISSION, OR ANY OTHER REGULATORY
AGENCY OR GOVERNMENTAL AUTHORITY HAS: (I) REVIEWED THE DISCLOSURES INCLUDED
HEREIN; (II) APPROVED, DISAPPROVED, ENDORSED OR RECOMMENDED THE UNITS; OR
(III) PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PRESENTATION OR THE
MEMORANDUM. NO INDEPENDENT PERSON HAS REVIEWED OR CONFIRMED THE ACCURACY OR
TRUTHFULLNESS OF THESE DISCLOSURES, NOR WHETHER THEY ARE COMPLETE. ANY
REPRESENTATION TO THE CONTRARY IS UNLAWFUL.
Investors in the Fund will have a limited right to redeem or transfer their
Units subject to numerous conditions. The Units will not be listed on an
exchange, and it is not expected that there will be a secondary market for
the Units.
While we do not anticipate holding Bitcoin because the loan servicer is
expected to immediately liquidate any Bitcoin pledged as collateral for any
Loan in the event of Borrower default, we may from time-to-time hold Bitcoin
for various periods of time.
