Real Estate Investing with an Institutional Approach

1. Confidential
Real Estate Investing with an Institutional Approach
July 2020

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This overview is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any
interests in AlphaFlow Holdings II, LLC (the “Fund”), or any other securities. Any such offer will be made only pursuant to
the Fund’s Private Offering Memorandum. This overview may include or be based in part on projections, valuations,
estimates and other financial data supplied by third parties, which has not been verified by the Fund. This information
should not be relied upon for the purpose of investing in the Fund or for any other purpose. Any information regarding
projected or estimated investment returns are estimates only and should not be considered indicative of the actual
results that may be realized or predictive of the performance of the Fund. Past investment results of the Fund should not
be viewed as indicative of future performance of the Fund. Prior to investing, investors are strongly urged to review
carefully the Private Offering Memorandum (including the risk factors described therein), the Limited Partnership
Agreement, and the Subscription Documents, to ask such questions of the Investment Manager as they deem
appropriate, and to discuss any prospective investment in the Fund with their legal and tax advisers in order to make an
independent determination of the suitability and consequences of an investment. Investment in the Fund is suitable only
for sophisticated investors for whom an investment in the Fund does not constitute a complete investment program and
who fully understand, and are willing to assume, the risks involved in an investment in the Fund. The offering of interests
in the Fund will be made in reliance upon an exemption from registration under the United State Securities Act of 1933, as
amended, for offers and sales of securities that do not involve a public offering. No public or other market will develop for
the interests, and the interests are not generally otherwise transferable. The Fund will not be registered as an investment
company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”), and each
purchaser of interests in the Fund must be an “accredited investor” as defined in the Investment Company Act.
Prospective investors should inform themselves and take appropriate advice as to any applicable legal requirements and
any applicable taxation and exchange control regulations in the countries of their citizenship, residence or domicile which
might be relevant to the purchase, holding or redemption of interests. The information provided in this overview is not
and should not be considered a recommendation to purchase or sell any particular security. Past performance of the
Fund is not a guide to future performance. Investors should be aware that a total loss of principal may occur. No part of
this material may be (i) copied, photocopied or duplicated in any form, by any means, or (ii) redistributed without the
Fund’s prior written consent.
Investment Disclosures

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was created to provide family offices,
financial advisors, and high net worth
individuals access to AlphaFlow’s
institutional real estate investment offerings.

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Maximum
70%
As-is LTV
Target
9.0%
Net Yield(2)
Minimum
20-30
Unique Loans
Maximum
24 mo
Loan Term
(1) Portfolio targets subject to change based continual evaluation of credit and real estate markets. Hard limits
are available in the Offering Memorandum.
(2) Target return to investors after all AlphaFlow and other fees.
TITAN offers clients diversified portfolios of high quality real estate loans curated
from our national network of private lenders.
• Clients receive a portfolio constructed using the same credit methodology
and investment approach we deliver to some of the world's largest asset
managers.
• Portfolios are built with a focus on quality, safety, and diversification.
Current Market Targets:(1)

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Quality
Each loan is rigorously evaluated in
our credit process, vetted by our
institutional clients, on 50+ unique
elements.
Flexibility
Our nationwide lender network
enables us to continually refocus on
the most attractive local markets.
Alignment
We only receive servicing fees on
performing loans; lenders typically
have income participation in loans.
Diversification
Portfolios are diversified across
properties, geographies, lenders,
and borrowers.
Current market dynamics are uniquely favorable for investors:
• Challenges in the capital markets have temporarily removed major loan
buyers.
• Reduced competition enables AlphaFlow to invest in only the highest
quality loans while effectively setting terms.
Key Benefits

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Attractive Asset Class
Real estate bridge loans are forms of short-term financing provided by
private ("hard money") lenders to developers ("flippers") for the purchase,
rehabilitation, or construction of residential and multifamily real estate.
• Typical loans require 1st
lien mortgage protection, short 12-24 month
terms, and attractive 7-14% interest rates.
• $50BN-100BN annual market dominated by small local lenders.
• Borrowers trade swift access to capital for higher interest rates.

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All loans for TITAN and institutional clients undergo the same internal
underwriting process, utilizing AlphaFlow’s proprietary technology
platform.
• No parties receive advantageous loan selection, as a round robin
engine allocates loans.
Many Clients, One AlphaFlow

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How We Build Your TITAN Portfolio
You make one investment. We build you a diversified portfolio of real estate
loans. It’s that simple.
1 Account Setup
Connect your bank account and
verify your accreditation. Fund your
account and within a few days we
will receive your capital and start to
put it to work.
4 Reinvesting
If you have auto-reinvest enabled, as
any loans repay or earnings are paid
out, AlphaFlow puts those funds
back to work for you automatically in
the current open investment pool.
2 Allocation
We put your money to work quickly by
getting you allocated to a few notes before
continuing to build your portfolio. Typically
the initial allocation period is a few days.
3 Rebalancing
As we invest in additional loans around the
country, we rebalance your investment
across the entire open mortgage pool.
Once we hit an attractive diversification
level, every 30-45 days, we close that
investment pool and open another.
Portfolio
Lifecycle

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Transparent Reporting
View your portfolio online and gain real-time transparency through
your personalized TITAN dashboard.
9

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Our investment process leverages proprietary software to execute on
timeless and universal credit principles, driven by a tireless pursuit to
understand local real estate markets through data.
Thorough screening of all
potential private lender
partners
Full data-driven re-underwrite
of all potential loan
investments
Proactive servicing of all
loans to ensure maximum
collateral protection
Our Investment Process
Lender
Evaluation
Loan
Selection
Portfolio
Management
1 2 3

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Risk management begins with doing business with the right partners.
We harness our national network of lenders and advisors to source
investment opportunities.
AlphaFlow Lender Evaluation
Document
Review
Loans
Audits
Lender
Review
• Must have minimum 12 months of origination data
• Onsite due diligence by AlphaFlow Investment Officer
• Live loan walkthrough and system demonstration
• Complete historical loan tape review
• Sample loans viewed by Investment Team
• Loans sent to 3rd
party diligence partner for further auditing
• Originator Credit / Underwriting Policy
• Pre- and post-origination quality control reports
• Review 3rd
parties used during origination and servicing
Certified Lender

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AlphaFlow Loan Selection
Borrower Elements Property ElementsMarket Elements
Fc
Foreclosures
Br
Bankruptcies
Jm
Judgments
Ln
Liens
Ch
Criminal
History
Fo
Deeds
De
FICO
Fe
Flipping
Experience
Fr
Fraud
Se
SSN & EIN
Verification
Lr
Guarantor
Due Diligence
Gd
Lending
Relationships
Lc
Repayment
History
Rh
Open Lines
Of Credit
Re
Days-on- Market
Dm
Superfund
Sites
Ss
Real Estate
Exposure
Brownfields
Bf
Demographics
Dg
Local
Amenities
La
Consumer Price
Index
Ci
CAP Rates
Cr
Cost of Living
Index
Cl
Construction
Permits
Cp
Monthly RE
Inventory
Mv
Census Data
Cd
Market AVM’s
Ma
Median
Income
Mi
School
Rating
Sr
Employment
Concentration
Ec
Natural Hazards
Nh
Building
Permits
Bp
Flood Zone
Fz
Property
Size
Ps
Absorption
Rate
Ar
Property
Price History
Ph
Property Type
Pt
Earthquake
Risk
Er
Home Value
Hv
Property
Comparable
Pp
Plat Map
Pm
HOA
Restrictions
Ha
Permitted
Improvements
Pi
Easement
Em
Property
Condition
Pc
Public
Records
Pr
Zoning
Restrictions
Zr
Recorded
Liens
Rl
Rural
Properties
Rp
Focus on Quality over Quantity:
Our data-driven investment approach is designed to address the
complexities of investing with local lenders across the country.

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~96% of a typical loan’s life happens in servicing, making proactive portfolio
management critical to successful debt investing.
● Portfolio Surveillance & Risk Monitoring: All loans are monitored to verify
required insurance is maintained, taxes are paid, etc.
● Capital Exposure Controls: AlphaFlow underwrites all requests for
construction draws, requiring on-site inspections to verify completed
work before releasing any funds.
● Loan Extensions: All extension requests are reviewed for updated
valuation, strategy performance, and market outlook to protect
collateral.
● Proactive Asset Management: we protect collateral and maximize
returns on delinquent and non-performing loans by running multiple
mitigation strategies in parallel.
AlphaFlow Portfolio Management

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Leadership Team
Ray Sturm
Founder, CEO
Experienced finance and
structuring professional.
RealtyShares (founder), CCMP
Capital, Lazard Frères, Bear
Stearns. BBA, U. of Notre Dame,
JD/MBA, U. of Chicago.
Nathan Scharfe
VP, Engineering
Seasoned engineering and
product leader; expert in high
throughput systems and security.
Twitter, Yahoo!, MoPub, IntoNow
(founder), BS/MS, Stanford
University.
Matt Levine
VP, Capital Markets
Investment and capital markets
professional. Patch of Land,
Prime Meridian Capital, Sliced
Investing (YC S14), Wells Fargo.
BS, U. of the Pacific, MBA, Santa
Clara University.
Stephan Leccese
VP, Finance & Operations
Accomplished operational &
finance professional. Fund That
Flip (founder), Needham &
Company, Ernst & Young. BA,
Queens College, NYS CPA.

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About AlphaFlow
AlphaFlow was founded in 2015 with the mission of
unlocking the world’s opaque markets.
● CA Registered Investment Advisor
● Innovation drives our strategy: we build cutting
edge technology to digitize the hard money
lending industry and connect it to the capital
markets.
● Institutional Quality: Loans historically sold to
massive institutional investors who agree to
purchase $100M+ annually on a forward flow basis.
● Over 1,700 loans funded, with loss rate of less than
0.10% since inception.
● Backed by top fintech investors, including: Point72
Ventures, Y Combinator, Saluda Grade Ventures,
and 10X Capital.
AlphaFlow is a tech-driven investment
manager, providing professionally
managed portfolios of real estate
loans to institutional investors, high
net worth individuals, and family
offices.

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Asset Class U.S. Residential Mortgages
Strategy
TITAN Portfolios invest in a portfolio of real estate loans:
Sourced from AF Certified Lenders
6 to 24 month maturities
20 to 30 loans
Diversified across a broad range of states, borrowers, loan amounts, and loan duration
Objective
We seek to achieve superior, risk adjusted returns by focusing on credit quality, utilizing
AlphaFlow Advance Analytics, our network of established lenders, and seasoned
management experience.
Target Net Yields 8.0% to 9.5% after all fees
Max Leverage Portfolios target a conservative blended LTV of 75%.
Management
AlphaFlow was founded by veterans in the fintech and real estate industries who
brought real estate investing online through the JOBS Act and crowdfunding in 2013.
Portfolio Reporting Seasoned tech team building web-based tools for real-time portfolio transparency
Dynamic
Rebalancing
Our proprietary rebalancing algorithm reviews each portfolio daily, ensuring that your
investment remains diversified and cash is reinvested quickly
Fees
0.75% sale premium on new loans, refunded for loans repaying within 90 days. 1%
servicing per year; taken directly from earnings and only collected on performing loans.
Liquidity
No lockup period; redemptions occur through a natural wind-down of the portfolio. The
average loan repays after about 12 months and select loans have terms of up to 24
months, although this could be longer with extensions or defaults.
TITAN Summary Terms

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AlphaFlow continually evaluates changes in the markets and adjusts
underwriting guidelines as needed, often narrowing the hard constraints below.
TITAN Loan Criteria: Hard Constraints
Loan Size $75,000 to $5,000,000
Loan Term Six (6) months to twenty-four (24) months
Loan Type First mortgage
Product Types Single-family residential, multifamily, land
Loan Purpose Acquisition, rehabilitation, bridge, new construction
Location United States
AIV LTV / LTC / ARV LTV Up to 85%, ; Up to 90%; Up to 75%
Interest Rate 7% - 12%, generally fixed
Prepayment Flexible
Borrower Experience Minimum 1 completed project trailing 24 months
Recourse Both recourse and nonrecourse

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Frequently Asked Questions
What is the investment minimum?
Our minimum account size is $100,000 per investment entity. All investors must be accredited.
Do you accept SD-IRAs?
You can invest with your SD-IRA. Ask us about it when you sign up. We will be happy to assist with
the process.
Why loan pools and not a fund?
Discrete pools allow investors (1) to invest based on current market rates and conditions, which
may fluctuate over time, and (2) have transparency into their investment’s duration without
danger of a fund freezing redemptions.
What tax document do I receive and how many?
We issue a single K-1 each year for all of your investments made throughout that year with TITAN.
Whether you only invest once or add funds multiple times, it’s a total of only one K-1 per year per
investment entity.
How often do I receive distributions?
Interest payments and returns of principal are deposited into your AlphaFlow account 1 to 2 times
per month.

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Ray Sturm
CEO
ray@alphaflow.com
New York
San Francisco
135 Madison Ave
New York, NY 10016
564 Market St. Suite 450
San Francisco, CA 94104
Our Offices
Relationships Begins with a Conversation
titan@alphaflow.com
Reach out to get started with our Investor Relations team:

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titan@alphaflow.com