110 luxury residential condominiums and approximately 67,000 gross square feet of flagship commercial and retail located in the heart of Lower Manhattan. The Project is fully financed and construction began in April 2017. The developer, a partnership between L+M Development Partners and 23 Park Row Associates, expects to complete construction within 36 months. The Project received the I-924 Exemplar Approval in May 2017. The Project is independently monitored by Integra Finance, and offered through Sutter Securities Group’s online platform located at www.FlashFunders.com/ParkRowSutter.

• Reputable and Recognized Developer

L+M is a Reputable Developer with a Proven Track Record

• I-924 Exemplar Approved, Construction Started

I-924 Approved by USCIS in May 2017 and Construction Began April 2017, over 50% complete to date

• Sound Capital Structure

Project is Fully Financed, with EB-5 representing less than 10% of the Total Financing

• Job Creation Cushion

Job Creation Estimate of 2,610, Representing a 166% Job Cushion over the 980 Required Job Creation

• Use of FINRA Broker/Dealer and Registered Investment Advisor

Securities Offered through Sutter Securities Clearing, LLC, and Boustead Securities LLC, FINRA Broker/Dealers, and Project Independently Monitored by Integra Finance, a Registered Investment adviser

Private Placement Risks

There is a risk of loss of the entire investment. There is no guarantee of any specific outcome. Investments in private placements are speculative, may be illiquid, and carry a high degree of risk. Past performance is not indicative of future results.

EB-5 Investment Risks

There are substantial risks involved with EB-5 investments: risks that may affect the money that has been invested in the project as well as risks associated with meeting the criteria required by United States Citizenship and Immigration Services (USCIS) in granting permanent residency. Investors must be able to afford the loss of their entire investment.

Real Estate Investment Risks

• General real estate risks. The Company will be subject to risks generally incident to the financing and development of real estate, including:

1. changes in general economic or local conditions;
2. changes in supply of or demand for similar or competing properties in an area;
3. bankruptcies, financial difficulties or defaults by vendors, contractors. and others;
4. changes in tax, real estate, environmental, and zoning laws;
5. periods of high interest rates and tight money supply; and
6. general overbuilding or excess supply in the market area. For these and other reasons, no assurance can be given that the Project will be profitable or that it will produce the targeted financial returns.

• Project developer and manager risks. The ability of the JCE and Park Row Developers and the other third-party contractors and suppliers to complete the construction and development of the project will be subject to typical construction and development risks, as well as acts of war, work stoppages, interruptions in transportation systems, and other force majeure events.
• Funding risks. The Developers have estimated the total amount of funds required to complete the development of the Project and have also estimated the amount of financing that could be obtained based upon assumptions it deems reasonable. However, it is possible that these estimates will be inaccurate and additional capital will be required to complete the project. No assurances can be given that such capital will be available upon reasonable terms, if at all, putting completion of the project and repayment of the Investment in jeopardy. 
• Environmental risks. Certain environmental laws or regulations may impose strict liability, often regardless of fault, on various parties (jointly and severally), including owners and operators, associated with oil pollution and release of hazardous materials.
• Construction Risks. Construction involving real property will entail risks which are beyond the control of the developers, such as changes in governmental rules and policies (such as zoning, health care, and related), the performance by contractors, costs of materials, labor difficulties (such as strikes), delays in obtaining requisite licenses, permits, and approvals from relevant authorities, energy shortages, shortages of material for construction, inflation, adverse weather, adverse subsurface conditions, and other factors that could cause improvement costs to exceed current estimates.
• Competition. The Project will be subject to competition from other buildings with residential condominiums and retail spaces. This could result in the Project’s inability to obtain the revenues which it anticipates, impairing its ability to comply with its obligations, including substantially reducing income for the Project.
• Employees and unions. While it is not contemplated that the construction of the Project will utilize unionized labor, there can be no assurances that all or any portion of the construction will not be completed without the participation of union contractors, subcontractors or suppliers. In the event any contractor, subcontractor or supplier involved in the construction of all of any portion of the Project utilizes employees who are members of a union, there can be no assurance that the unions will abide by the terms of any collective bargaining agreement if any union deems certain aspects of such agreement unfair, and furthermore, certain employees may not be covered by such agreement. The Project could suffer work stoppages or “slow-downs” as a result.

THIS PROJECT OVERVIEW IS NOT AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES OF PARK ROW 23 FUND LLC (“THE ISSUER”). IT CONTAINS FORWARD LOOKING STATEMENTS, IT IS ONLY A BRIEF SUMMARY, IS INHERENTLY INCOMPLETE, IS FOR INFORMATION PURPOSES ONLY, IS SUBJECT TO CHANGE, AND SHOULD NOT BE CONSIDERED AS PROVIDING SUFFICIENT INFORMATION TO EVALUATE ANY INVESTMENT IN THE ISSUER. ANY SECURITIES WHICH MAY BE OFFERED BY THE ISSUER SHALL BE DONE SO ONLY BY MEANS OF A CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM AND OTHER SUBSCRIPTION DOCUMENTS IN COMPLIANCE WITH APPLICABLE U.S SECURITIES LAWS.

SECURITIES SOLD ONLY THROUGH SUTTER SECURITIES CLEARING, LLC OR BOUSTEAD SECURITIES, LLC · MEMBERS FINRA/SIPC

INTGRA FINANCE LLC IS REGISTERED WITH THE DEPARTMENT OF FINANCIAL INSTITUTIONS IN THE STATE OF KENTUCKY - CRD#175121

CONDOMINIUM DISCLOSURE

Artist Rendering only. The complete offering terms are in an offering plan available from Park Row 23 Owners LLC (the “Sponsor”). File no. CD17-0208. Sponsor: Park Row 23 Owners LLC, 1865 Palmer Avenue, Suite 203, Larchmont, New York 10538. Equal housing opportunity.