PICKLEBALL AT RIVERWALK OPPORTUNITY ZONE FUND, LLC

Below are selected risk factors associated with an investment in Pickleball at Riverwalk Opportunity Zone Fund, LLC. Investments in Caliber private placements can lose entire value, are illiquid and are speculative.

• Investment involves high degree of risk; limited liquidity; no public market; suitable only for sophisticated investors;
• Investment strategy is speculative; returns are not guaranteed and no assurance objectives will be achieved;
• May pay distributions and fund redemptions from borrowings, offering proceeds, or asset sales with no limits on amounts it may pay from such sources;
• May invest in securities that involve a higher degree of risk or have valuations that fluctuate dramatically;
• Access to debt financing may be limited and subject to rate increases, restrictive covenants, or untimely repayment obligations;
• Involves unique risks associated with real estate investment, including competition for tenants, interest rate risk, occupancy issues, insurance risks, inflation risk, among others.;
• Offering is not contingent on a minimum capital raise;
• Multiple conflicts of interest, including compensation arrangements, incentive fee structures, positions held with affiliated entities, co-ownership arrangements, and the purchase of and allocation of investment opportunities.