4808 North 24th Street Suite 227 Phoenix, AZ

Tel. +1 760 631 4939 Fax +1 760 631 6939 Mobile +1 760 672 0293

www.southwestfund.net

THESE MATERIALS DO NO CONSTITUTE AN OFFER OF INTERESTS IN THE INVESTMENT PARTNERSHIPS, NOR A SOLICITATION OF AN OFFER OF

SUCH INTERESTS.

Southwest Fund, L.P.

We are debt event driven real estate investors of m ainly high credit tenanted income-producing commercial assets located in major metropolitan cities of the United States.

Disclaimer

2 | October 2009 Southwest Fund, L.P.

� This document contains proprietary information regarding Southwest Fund, L.P. Neither this document nor said proprietary information shall be distributed, published, reproduced, copied, disclosed, or used for any purpose other than the use for which it is intended and Southwest Fund, L.P. will be held harmless of the results of any misapplication of this document. This document is intended for the company’s business planning purposes with a view to communicating a business opportunity to partners and investors.

� This document contains information concerning Southwest Fund, L.P. that is material non-public information and should be treated as confidential. Receipt of this document constitutes the recipient’s acknowledgement that the recipient will maintain the information contained herein in strict confidence.

� Many of the conclusions contained in this document are the opinion of the Principals and key employees of Southwest Fund, L.P. and are primarily based on over 25 years of experience in the commercial real estate market and on hundreds of hours of direct and private communication with hundreds of industry relationships. Southwest Fund, L.P. has made every effort to ensure the accurate portrayal of those communications. Notwithstanding the above, no liability is accepted nor warranties given for such correctness or completeness nor any action taken as a direct or indirect result of reading this document.

� The velocity of change currently evident in the global economy and in the commercial real estate industry and the lack of clarity and direction from the world’s governments are unprecedented and could render the information contained herein moot.

About Southwest Fund (the “Fund”)

3 | October 2009 Southwest Fund, L.P.

� The Fund partnership invests in mainly high credit tenanted income-producing commercial properties where the current owner (not the property) is in distress. Investments consist of retail, office, land, and industrial properties located in major metropolitan cities of the United States.

� The objective of the partnership is to maximize the total return on investors’ capital by seeking regular income distributions through operational cash flow, development, leasing, management fees and advisory fees.

� The Fund is debt-event driven and achieves these objectives mainly through acquiring performing properties where present ownership is overextended and face liquidity issues as a result of unattainable debt financing or refinancing requirements.

� The Fund’s management team of local experts has a strong 25+ years track record in delivering high returns on real estate investments.

� The Fund’s investor pool is limited to accredited investors (high-net-worth and institutional investors) who benefit from attractive, risk adjusted returns with low volatility and a low correlation to other traditional asset classes by adding real estate to a mix of other equities and fixed-income investments.

� The Fund’s management team is committed to a completely transparent business model, and offer investor collaboration should it be desired.

Target Markets

4 | October 2009 Southwest Fund, L.P.

Fund OverviewDistressed & Undervalued

Real Estate Investment Partnership

5 | October 2009

17%Net Return Goal:

18%Performance Fee:

Maximum 65%Leverage:

1.25% annuallyManagement Fee:

Quarterly Cash Flow DistributionsPotential Liquidity Events:

6.5% annuallyPreference:

5 years + two possible 1 year extensionsAnticipated Fund Life Cycle:

US$ 10,000,000Minimum Investment:

US$ 750,000,000Maximum Offering Size:

Southwest Fund, L.P.

CPA / Audit & Tax

Clearing/Transfer Agent

Legal Counsel

Debt Financing (Primary)

6 | October 2009

Third-Party Service Providers

Southwest Fund, L.P.

and

Independent Fund AdministratorIn process of interviewing

7 | October 2009

Safeguard of Capital &

Commitment to Transparency

Southwest Fund, L.P.

Investors

Custodial Account (3)

(US Bank Trust Department)

Real Estate Title Company (4)

Southwest Fund, L.P. ($500 mm)(A Delaware State based LP)

LLC Holdings A (5) LLC Holdings B (5) LLC Holdings C (5)

Property A, LLC

Property B, LLC

Property C, LLC

Property D, LLC

Property E, LLC

Property F, LLC

Property G, LLC

Property H, LLC

Property I, LLC

INFLOWINFLOWINFLOWINFLOWOUTFLOWOUTFLOWOUTFLOWOUTFLOW

Independent Fund Administrator (2)

Southwest Fund Investors (1)

U.S. Southwest Fund, LLC(Managers)

(1) Southwest Fund, L.P. managers will invest in the Fund with Investors.

(2) An industry renowned third-party independent fund administrator will oversee the Investor funds transfer to the Custodial Bank (i.e. US Bank). Fund administrator will oversee the management, purchase and disposition of every property to ensure proper accounting of invested funds.

(3) Investor funds will only be released from Custodial Bank as per the Custodial Agreement between the Investor, US Bank, and Southwest Fund, L.P. While funds are being held in the Custodial Account awaiting deployment, direct investments in U.S. guaranteed investments (i.e. U.S. Treasuries) will be made.

(4) Once a transfer is approved to purchase a specific property, the Investor funds will be wired to a title company as per the Custodial Agreement in exchange for direct ownership interest in a pre-approved real estate investment which will be owned and titled in the name of Southwest Fund, L.P.

(5) Single member limited liability companies owned by Southwest Fund, L.P. shall be formed to create liability diversification and prevent cross collateralization of the fund’s portfolio of assets.

The Perfect StormSouthwest Fund is Event Driven

1. Record job losses

2. National unemployment rate expected to exceed 10.0%

3. Volatile fuel and food prices

4. Low consumer confidence

5. Record inventories due to speculative building

6. Tighter underwriting standards creating slower inventory absorption

7. Falling home prices (PMI expects a 15-30% correction in late 2009 - 2010)

8 | October 2009 Southwest Fund, L.P.

Storm Moves Beyond HousingSouthwest Fund is Event Driven

9 | October 2009 Southwest Fund, L.P.

Southwest Fund’s Competitive Edge

Over 120 years of combined real estate experience with a 25+ year track record of investment

Team is made up of professionals from all concentrations of the industry (construction, finance, brokerage, and property management)

Fund principals have local knowledge of the target investment markets(Fund is not managed from long distance)

Deal SpecialistsLeveraging its extensive local real estate expertise, the Fund is able to quickly understand, underwrite and obtain financing (if necessary) through our in-house team of experts on even the most complex deals. Past construction and management of several $100 million dollars in private wealth equity.

First look at potential transactions and access to proprietary information not immediately marketed to other companies

Vast Local Network The Fund has early knowledge of potential transactions through its vast network of local industry providers with which the Fund has long-term relationships, formed as a result of Fund principals’ solid track record of professionalism and ability to respond quickly to deal flow originators.

We are local market experts

We have proprietary accessto deal flow

10 | October 2009 Southwest Fund, L.P.

Debt Event Driven

11 | October 2009

Historically High Land Values

Healthy economy and historically

low interest rates spur hyper

growth and heavily leveraged

transactions are commonplace.

Real Estate Bubble Burst

To curb inflation, interest rates

rose in an overheated and

overvalued market, causing

heavily leveraged owners to begin

defaulting.

Debt Event Driven

Investment opportunities

available due to market

inefficiencies and illiquidity.

Fund to purchase at favorable

capitalization rates.

Profit Driven

As the economy rebounds,

properties will be redeveloped

and/or repositioned, then sold at

up to 500-700 basis points lower

Distressed Real Estate

Financing or refinancing is

unattainable. Real estate is

sold at lower prices as

distressed owners exit.

Pro

pert

y V

alua

tion

Time

Southwest Fund, L.P.

Debt Event Driven

< 15 %

15-20%

20-25%

25-30%

> 30 %

Home price decline

2008 - 2009

12 | October 2009 Southwest Fund, L.P.

Commercial real estate market typically lags the residential real estate market.

Southwest Fund has identified and underwritten performing properties tenanted by solid credit tenants yielding 10-14% cash-on-cash returns due to debt driven events where current ownership

is overextended and unable to refinance their properties.

Investment Methodology

13 | October 2009

� Debt event driven

� Replacement cost estimate used for valuation tools

� Manage risk (asset class diversification)

� Multiple layered due-diligence(in-house and outside resources)

� Vast local network of real estate and professional service advisors for strategic consulting

� Regional and local government relationships

� Utilization of financial modeling and underwriting software

Southwest Fund, L.P.

� 25 years experience in U.S. construction and real estate investments

� Constructed over 500 hundred commercial buildings and several million square feet

� Returned an average ROI of 192 percent versus an industry average of 118.4 percent.

� Returned an average IRR of 17 – 32 percent versus an industry average of 10.7 percent

� Offers a construction oriented approach to the real estate development process: a contractor’s logical approach, a developer’s creative deal-structuring ability combined with a portfolio manager’s discipline

Marc MakebakkenChief Investment Officer

14 | October 2009 Southwest Fund, L.P.

16%1Lindsay & Warner (land sale)

28%175th & McDowell

29%199th & Thunderbird Road

27%2Kmart Center

19%3Coors Plaza

27%1Woodland Plaza

31%2Jack in The Box

24%1Broadway Center

30%2Recker Plaza

35%2Prescott Valley Town Center

30%1Pinnacle Peak Plaza

32%2Mesa Town Center

31%2Northern Retail Center

22%1McDonald’s

32%2Creekside Market Place

20%2Savon

IRRYear(s)Project Name

15 | October 2009

Chief Investment OfficerPartial Track Record of Core Business

Southwest Fund, L.P.

� Founder of BD Globe Consulting B.V. an international consultancy firm which specializes in brokering deals in oil & gas, renewable energy and larger real estate assets (portfolios valued at 15-260 million Euros)

� Over 15 years of diverse international business focusing on strategic business development and sales for multinationals in U.S., Asia, Middle East and Europe

� Expert at green field projects, reorganization and management of sales focused organizations while working with executives at all levels

� Previously a management consultant for Innovation Norway, the commercial arm of the Norwegian Ministry of Trade and Commerce

Tor B. LangoyManaging Partner

16 | October 2009 Southwest Fund, L.P.

Key Team Members

17 | October 2009 Southwest Fund, L.P.

Tim Donmoyer – Chief Financial Officer and Chief Oper ating Officer

� Over 20 years experience in the financial services industry, including 14 years as Chief Financial Officer at major outdoor media companies

� Principal innovator and CFO of Equity Office Media Network, a startup subsidiary of Equity Office Properties (EOP – NYSE), the real estate investment trust founded by Sam Zell

� Negotiated and structured over US$ 1 billion in credit facilities with major U.S. banks and bank syndicates

Reed Larson – Investment Analyst

� Over 35 years of experience in real estate development

� K-Mart’s Regional Director of Real Estate

� Associated Food Stores Director of Development

� Expertise in the development and leasing processes

Caroline De Luca –VP Market and Development Analyst

� Managed both commercial and residential properties

� Commercial broker representing HSBC, Sovereign Bank and Capital One exclusively in New York City

� Residential & commercial development project management experience

Key Team Members

18 | October 2009 Southwest Fund, L.P.

Bruce Stirling – Debt Provider and Servicing Special ist

� Owns and manages San Diego office of Pathfinder Mortgage Corporation

� Currently servicing over US$ 500 million of income-producing commercial real estate

� Direct correspondent to life insurance companies

� Career representing high net worth institutional entities and private individuals

Paul Pietsch – VP Development and Construction

� 26-year construction and real estate industry veteran

� Constructed millions of square feet of all property types, valued in excess of US$ 100 million

� Deep understanding of the entire development process

� Highly proficient at completing projects on time and within budget

Lead Advisory Board MemberCorporate Governance & Government Liaisons

19 | October 2009

Dr. Mark J. Riedy

� Founder and Executive Director of the Burnham-Moores Center for Real Estate at the University of San Diego

� Chairman of the Board of Neighborhood Bancorp

� Former Executive Vice President and COO of Mortgage Bankers Association of America

� Former VP and Chief Economist of the Federal Home Loan Bank of San Francisco

� Served as Senior Staff Economist for the President’s Council of Economic Advisors

� Former President and COO of J.E. Robert Companies (leading U.S. real estate workout firm)

� Former board member and former Chairman of the Audit Committee of BioMed Realty Trust (REIT – NYSE)

� Former board member, Chairman of the Audit Committee, and member of the Compensation and Corporate Governance Committees of Pan Pacific Retail Properties (PNP – NYSE)

� Former chairman of the Audit Committee of American Mortgage Network (NASDAQ)

� Former board member of various private banks and for St. Vincent de Paul Village, a not for-profit organization sheltering San Diego’s homeless

� Listed in Who’s Who in America since 1982

� Listed in Who’s Who in the World since 2005

Southwest Fund, L.P.

Board MembersCorporate Governance & Government Liaisons

20 | October 2009

Larry Sheffield

� Founder and Chairman Goldwater Bank (one of the fastest growing private banks in Southwest U.S.)

� Entrepreneur and real estate investor� Former New Mexico State Representative� Member of President’s White House Conference on Small Business� U.S. Secretary of Defense Joint Civilian Orientation Conference

Aaron Smith

� President and designated Principal of Superfund Asset Management, Inc.� Developed distribution and marketing for Superfund throughout Europe,

the Middle East & Africa� Member of Managed Funds Association Commodity Trading Advisory

Committee� Holds Series 3, 7, 24, 31 & 66 licenses� Former financial advisor at Morgan Stanley Private Client Group

Southwest Fund, L.P.

Investors Communications

21 | October 2009 Southwest Fund, L.P.

www.SouthwestFund.net

Investors and developers expect capitalization rate s to rise and risk to be repriced, with the harshest effects being felt by t hose who have

relied on debt strategies.Emerging Trends in Real Estate 2008 Report, Urban Land Institute

“Depending on what happens with the U.S. economy as a whole, it could be painful for some, but overall, a correctio n could be good for

the industry keeping supply and demand in balance, curbing overdevelopment and flushing out low-quality invest ors.”

- Tim Conlon, Partner PricewaterhouseCoopers

“Financial shocks or disruptions are a fact of life , and our [U.S.] markets seem to experience them every 6 – 8 years.”

- Henry Paulson, U.S. Treasury Secretary

Event Driven Press Releases

22 | October 2009 Southwest Fund, L.P.