DESCRIPTION OF THE FIRM

BAY AREA & PACIFIC COAST DEVELOPMENT, INC. (“BAPCD, INC.”) is a California Corporation, that was incorporated: January 02, 2013, and Effective Date: July 25, 2016, Registration Status: Approved: as a Registered Investment Advisory Firm (the “Advisor”) with its principal place of business located in San Francisco, California and the Advisor is wholly owned by MILTON BOYD, JR. Investment Advisor Representative.

The Advisor singularly manages our securitized asset fund the COMMERCIAL REAL ESTATE FUND, LLC. (the “CRE FUND”) a Limited Liability Company (yet to be formed) which shall be organized under the laws of Delaware; and the Advisor is offering the securities issued by the CRE FUND pursuant to Rule 506(b) of Regulation D under Section 4(a)(2) of the Securities Act of 1933 and Section 3(c)(1) of the Investment Company Act of 1940; and, consequently, the Advisor sponsors the CRE FUND by issuing Original Issue Discount-Commercial Real Estate-Backed Securities (the “Securities”) by delivering a copy of our most recent Firm Brochure; Firm Brochure Supplement; Private Placement Memorandum; Trust Indenture; and Subscription Agreement: The Transaction Documents to qualified clients who purchase the Securities of the CRE FUND and other persons who acquire the Securities and are admitted to the CRE FUND by the Board will become Holders of the CRE FUND.