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Capital Holdings, LLC

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Disclosure: The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the Private Placement Memorandum and Subscription Agreement (collectively, the "Offering Documents") which are available in the "Offering Documents", (iii) do not and cannot replace the Offering Documents and are qualified in their entirety by the Offering Documents, and (iv) may not be relied upon in making an investment decision related to any investment offering by the Fund. All potential investors must read the Offering Documents and no person may invest without acknowledging receipt and complete review of the Offering Documents. With respect to any “targeted” goals and performance levels outline, herein, these do not constitute a promise of performance, nor is there any assurance that our investment objectives will be attained. All investments carry the risk of loss of some or all of the principal invested. These “targeted” factors are based upon reasonable assumptions more fully outlined in the Offering Documents. Consult the Offering Documents for investment conditions, risk factors, suitability requirements, fees and expenses and other pertinent information with respect to any investment. These investment opportunities are not registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. The offering is intended for verified accredited investors only. Past performance is not a guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of the Offering Documents. The Fund does not warrant the accuracy or completeness of the information contained herein. Thank you for your cooperation.

Securities offered through KCD Financial Inc. Member: FINRA/SIPC. Only available in states where KCD Financial, Inc. is registered. KCD Financial, Inc. is not affiliated with any other entities identified in this communication.

Summary Risk Disclosure:

The General Partner of the Fund is responsible for purchasing and managing the Fund's properties. There is no guarantee that the General Partner will be successful in executing the Fund's strategy or that investment objectives will be met.

Properties financed are subject to foreclosure by lenders and may lose value during the life of the investment.

Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits.

Changes in tax law may impact the tax deferral of the preferred annual return.

An investment in the Fund is not freely transferable and, there is no current market for the Units should be treated as an illiquid investment.

All risks associated with real estate, including property vacancies, property damage, general economic conditions, etc. can impact rents paid and therefore may affect our business, results of operations, and financial condition.

There is no guarantee that any portion of the preferred return will be made to investors.

This is a summary of certain risks only. Please review the Risk Factors sections of the Offering Documents which contain more detailed risk disclosure prior to investing.

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Investment Grade R.E. Income Fund, LP

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