BOA Investment Group, LLC 3855 Grand Avenue, Miami, FL 33133 June 29, 2018 SOUTH MIAMI CRA ATTN: EVAN FANCHER, 5825 SW 68TH STREET, SUITE 4 SOUTH MIAMI, FL 33143, SUBJECT: LETTER OF INTENT Greetings, Please receive this as an official Letter of Intent by the BOA Investment Group, LLC regarding the office space at the South Miami CRA building that may potentially be available, Birthed of a shared passion and vision for the communities in which we live, work and play, the BOA Investment Group secks to excel beyond those who have gone before; whose intentions stemmed from the goal of profiting from communities without prospering them. With an uncompromising heartfelt approach to combating community development issues long. overlooked, the Mission of BOA Investment Group is to enrich the lives of families and people with resources for the building up of self-sufficient individuals and communities Specific fo South Miami, we aim to, with our strategic partners, provide services that are crucial to prospective homeowners by assisting with the facilitation of things such as, but not limited to, first time home buyer workshops, HUD Counseling services, post homeownership workshops, legacy preservation, and asset protection, job readiness, placement, et. We thank you in advance for your consideration of our organization for such a vital role and responsibility in the South Miami community. Respectfully, Bruno Phanord Bruno Phanord, MPA Prosident/C.0.0 BOA Investment Group, LLCBOA Investment Group, LLC. Business Plan PHANORD, BRUNO BOA INVESTMENT GROUP:c= vw Was 7 Vy, | yorSECTION | - EXECUTIVE SUMMARY Birthed of a shared passion and vision for the communities in which we live, work and play, the BOA Investment Group excels beyond those who have gone before; whose intentions stemmed from the goal of profiting from eaginunitig without prospering them. With a management and ownership te -kgrounds, education and uncompromising heartfelt a lopment issues long overlooked, BOA Invesffpent? ‘solutions to nearly all real property needgpf S nvegguent Group is to enrich the liveg of ficient individuals ant ‘The Visi comm fide educationg ponsible homes iesship, financial ement, busing tog b ond fortify mij engage community stakc velopment Establigged November 2, es tacontinuc to grow ifn, investors and change. With md i cy and vested interest in the greatest return on investment toaffeet changes in theives ofall as itjgvests into the live ene 3g self-sufficient iSECTION II - BUSINESS HISTORY, BACKGROUND, AND OBJECTIVES Founded November 2, 2015, BOA Investment Group was birth of @ coalescing passion and vision to improve the community, and a heart to provide resources for families and people. Meet our team: Chief Executive Officer Yvonne Harris President and Clit Oppati " Bruno Phanot Executi lent Travis Ral Crier ig) Officer Joshua Numa: ‘ Secrotgy Jessica Laguerre @ BOA Investment Group has had major si cd Bahievellto ave successfl established, and solidify endorsement fr us Qmmulity leaders and investors, We have established initial stream of income, HoweWetenot wMhout any challenges; Due to unforeseen environmental circumstances the acquiring of properties has been delayed. Be that as it may, those environmental factors have not deterred the enthusiasm from the owner of BIG. Since its inception, BOA Investment has been capitalized through personal owner investments, divine providence, seed funding, and revenue from strategic partnerships. There has not been changes in structure, ownership, management, or key personnel which have taken place in the past year.SECTION II] - BUSINESS ENVIRONMENT ty to respond to supply and demands Atthe basis of almost every business in response of al ws such as environmental factors lics many factors that may affeet any bus include the local or national employment, climate fogsm fall within the ur ies. The changes in poj ges in employment am presence of BOA Inve ns implementa comm A SECTAON IV - PRO! ‘Some of the present products roup provides to doctor some of the aforementioned factors following SBA approved NAIC gag for 8(a) contract smd: fomebuyer Finan: joes that will be ted SECTION V - PRESENT MARKET! (\ Our market includes the South Florida and surrounding areas with people of all backgrounds. With such diversity and growing number of investors and real property buyers. There is substantial growth potential within our market. The market affords us ongoing growth and development opportunities. We have special relationship with our customers, client and companies. We have a vested interest the communities that we serve. Our customers come from the very places in which we live, work and play. With our connection to the community we have decided to let our current marketing approach mirror just that. Advertisements and currently most marketing angles are projected at Community projects, outreach, forums andcollaborations. As a stakeholder it affords us the ability to set our pricing policies to observe case by case basis will remaining extremely competitive. BIG Reviews all credit and collection inquiries, and decision are based upon the discretion of the owners. SECTION V1 - COMPETITION ‘There has not been any firm: market(s).Our goal is solution for the eogymui the community, an that BOA invé it Group m trailblazit all hose who ate for it i ne, any advances 7 Investment ede and surpasses Bg 4L and people and a, ere isn’t any limitations keting efforts to generate non- Jot limited to SBA, FH. entities, Grant-makin and donations. Marketing te our company. Address 8(a) ot limited to: ind Imy in Given services and solution not limited to a specific type o regards to customer or geogray 8(@) revenyg. Some of federal ts and non-8(a) include and not limited to: Advertising including onl obiles yellow ing, such as emails , collateral brochures et lic Relatit iigns, Social Media Outlets, and website, SECTION VIII - MANA Mens a GAM IZANYO! ‘Our managing members is made up of, ORAEAge OBWVariou gifts talents and specialization that spans throughout an assortment of industries, arenas, influence and insights. BOA Investment Group is a body of progressive business owners and community leaders seeking and implements progressive change. Development of management team is one of the tools necessary to affect this change and movement. Part of our plan for continual development for our management team includes, and is not limited to Continuing education and professional development courses, participating in community councils, and forums to better assess the needs of the demographics served. Our desire is to see the growth of the community, populations served and aiding people and families with resources that will inevitably invoke positive changes in their lives. Part of that includes measures in place in the event of the incapacity or continued absence of any owner or 6key employee. In the event of the incapacity or continue absence of any of the owners, BOA Investment Group will follow the succession of the hierarchy chart stated the BOA Investment Group bylaws. Changes in management, specifically the need for additional management will of course adjust to meet the needs of the demands and projected sales and revenue. Due to the ever increasing demands growth, of your services, there will be continual In house leadership professional development initiative. Following the model “Followers into leaders and leaders in to agents of change”. Avenues of Excellence, Ro jem ‘conte A list of our currelitiggiMsupy tion and payment t § BOA PlacemelR@ggrviceMRnita Green, Per Cygtract Good Sa yning, Devin and TD Glass alWg\Voodwork, Edwin P; ‘ Per contract Other Se be usedig b's include, I. community Nees 2. ghpsight and revelat 3. "Community Alliance management are required to complete various conti courses, ManagéMent teams are require to attend at of Webinar, Seminars, Trainingg@year; In desire 3 employees. BOA Investment Group has, Ime BnploSECTION IX - FINANCIAL PLAN/DATA Financial projections are based on the following assumptions: * The Company purchases © 1-3 buildings in Year 1, o 5-9 in Year 2, ie mily’ mercial properties illion on se basis 6 - Professional Development (Operating, Supplies, & others ‘Total Variable Expenss Rent Utilities Tnsurance ‘Taxes & Licenses Loan Repayments TOTAL FIXED EXPENSES 117,080 NET PROFIT (before income taxes Year | Operational Expenses are based on 33.5% of $350,000 bank/SBA loan. We expect the ‘operational budget to increase moderately over the following years with reviews made by owners, Bank/SBA loan is based on 3.5% interest rate for a term of 25 years,INVESTOR ANALYSIS MODEL investor Analysis Model: 5647 Rent | $27,000 $2700 $24,300 % 5 $ 105,280 a 73. Worgage payment | $ 43,500 Pee 263 Cost 3224 | 7a 7 Posies Cash |S 36,590 Fy, 16. Toa Prof | $228] oon 47, Return On Investment % | Investment__|_172% 18, Internal Rate of Retum 78. Internal Rale of Return eee 78. Loan Completions | 3 months Soirente vas la aie 7 BA Gross Rent Mutigier | &1 Years Investor breakdown is the summary of a sample transaction of two properties. One is a rehabilitated home and the other a multi-dwelling home. The focus of a Rehabilitated Home is to be purchase, rehabilitated and sold, once the property is made attractive to buyers.Rental properties are placed to serve a community and provide cash flow for other investment i /es and cost, Investments are financed by investors, banks, and partners. Below is a description of the rehabilitated home (lines 1-20) in the investor analysis Rental Lines 1-6 e cost of property and financing needed to gligyvork. All conventional lending is ile of the down payment. Represent the cost of property and financing gage} Rey needed to acquire and begin wor conventional lending is fo Fayment ion ‘I ng, and owners. Show value gained after i and 6. Rjperty was bought for § total investment needed for flip $36,590 of work was added. Aft yalued at $112,000. '$ 24,300 - Operating Expgpses $ 0,800 is cash left over from maintaining morigage payments and cash leg 0 NOLS 10,800 - Mortgage Payn gs 8,26 Flow $ 2,537 proceeds Holding Cost $ ‘Total Profit $ 2 for investing and utilize ing income, and factors in Show the Return On Investment Gp) of 62.8% based on Profit $22,976 / Invested Cash $36, 56 = 62.8% and the Internal Rate of Return is (602.3%. which is based on profit $22,976 ~ invested cash $36,590 / invested cash $36,590)/2#h4 pooh? _ Cap Rate 6.5%: Rate of return on the rental property based on comparing the NOI to purchase price. Cash ‘on Cash 6.3%: Rate of return on rental property's Internal rate of return is used to evaluate the ‘Yearly cash flow compared to the total invested cash. attractiveness of a projector investment Return on Investment 17.2%: Total profit of your Usually compared to another investments ROL | investment to the total invested cash. Internal Rate of (using the model above the Rehab house yielded a | Return 30.6%: Internal rate of return is used to higher rate of return then the Rental unit) evaluate the attractiveness of a project or investment, 10Rent to Value 1.4% comparison of the monthly gross rent to the property’s market value. Gross Rent Multiplier 6.1 years. The amount af years to amortize | the foan, DEBT/LINE OF CREDIT ‘The owners have not guaranteed any del shal A Investment Group. SECTION 1V - PROD CTSABAB/ iCae ACGB AN Die In regards to ad@ygting, @Mposits are mace Quasierly and annual fina ents are prepared Investment Gro in its primary fiS¥QLyear thegifore there areno abnOW@gl, nonrecurring, and ost recent fiscal fnancial statemt no outsiandy directors, stockhol employee’ COMPENSATION balow is the Name, Title, % ft f's owners 1. Yvonne D. Harris, Pr nip | 2. gpgélhio Phanord, Pres vis L. Rannie, E ican 2 D. J. Numa, 5. Jesgiga Laguerre, Sec e hadi OPPORTUNITIES SOUGHT GD Description of erviees Primary NANG, Real Estate id Leasing ‘ ect IAIC Codes Description of | Produc/Serd Some of the assistance our company fromygBA difring the next 12 months, other than 8(a) contract support, to help achicve its business development objectives, ie., business loan, surety bond, counseling in specific areas, training in specific areas, etc. include: o\ 1. Business Counseling 2. Small Bu -s8 Mentoring 3. Partnership 4. Financial Education:SECTION XI - COMMUNITY INVESTMENT PROGRAMMING The BOA Investment Group, in conjunction with the various community stakeholders, exist (0 provide a multi-faceted method in addressing the issues and needs that plague the community. By combatting the issues surrounding the Elderly, Homeless and needy, the youth and the lack of self-sustaining communities, these much needed partnerships works together in remedying these concems; addressing these arcas and proyigag inn nd creative solutions of which, some, are mentioned below. 1. With rege stakeholdet to inclg but ELAYS, 1 estipent Gy unign with community oo) ind Tead Elderly centre a al fortification, sg aes ite tat AG js Sh. 2, Seco the issus ‘the Homeless and en to trand ? ent iccess program, inclu riners working together in a ith these organizations, BIG inihs, in which time each Skills, 2 6- month intgive {de opening either a trust or forementioned, our partnerships freatment and So} multi-step Milestone fe would provide tempo: pant would have fancial success and pe accts, or some with fcense health ca tif needed, is on the enrichment and development our youth and childrgn. ling and impact of generational wealth. BIG vies to launchige intrOduetion of cepreneurial and business skills empowerm ly and ment. The undertaking of thi 1d the community jon, savings, and the engagemeMé among business owners, patgons eb involved. We would t&h the yout alg and Wort value and worth of the dollar. 5. And lastly addressing the lack of inte confhunities. By providing business counseling, financial education and literacy courses, Asset Protection, Hands on Small Business Incubating and Mentoring, and instituting Small business lending initiatives, etc. We stand as a direct catalyst to the growth of self-sustaining individuals who create self-sustaining families that become members of a self-sustaining community. Among several other programs and platforms.