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      <jurisdictionOrganization>OR</jurisdictionOrganization>
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      <street1>9755 SW Barnes Road</street1>
      <street2>Suite 420</street2>
      <city>Portland</city>
      <stateOrCountry>OR</stateOrCountry>
      <zipCode>97225</zipCode>
      <phoneNumber>503-225-0300</phoneNumber>
      <connectionName>Gregory E. Struxness</connectionName>
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      <investmentSecurities>0.00</investmentSecurities>
      <accountsReceivable>78943218.00</accountsReceivable>
      <propertyPlantEquipment>10248854.00</propertyPlantEquipment>
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      <totalStockholderEquity>21389834.00</totalStockholderEquity>
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      <earningsPerShareBasic>0.05</earningsPerShareBasic>
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      <debtSecuritiesClassName>Senior Secured Demand Notes</debtSecuritiesClassName>
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    <issuerEligibility>
      <certifyIfTrue>true</certifyIfTrue>
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      <certifyIfBadActor>false</certifyIfBadActor>
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      <indicateTier1Tier2Offering>Tier2</indicateTier1Tier2Offering>
      <financialStatementAuditStatus>Audited</financialStatementAuditStatus>
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      <offerDelayedContinuousFlag>Y</offerDelayedContinuousFlag>
      <offeringYearFlag>Y</offeringYearFlag>
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      <offeringBestEffortsFlag>Y</offeringBestEffortsFlag>
      <solicitationProposedOfferingFlag>N</solicitationProposedOfferingFlag>
      <resaleSecuritiesAffiliatesFlag>N</resaleSecuritiesAffiliatesFlag>
      <securitiesOffered>32000000</securitiesOffered>
      <outstandingSecurities>24639403</outstandingSecurities>
      <pricePerSecurity>1.0000</pricePerSecurity>
      <issuerAggregateOffering>32000000.00</issuerAggregateOffering>
      <securityHolderAggegate>0.00</securityHolderAggegate>
      <qualificationOfferingAggregate>0.00</qualificationOfferingAggregate>
      <concurrentOfferingAggregate>0.00</concurrentOfferingAggregate>
      <totalAggregateOffering>32000000.00</totalAggregateOffering>
      <underwritersFees>0.00</underwritersFees>
      <salesCommissionsServiceProviderFees>0.00</salesCommissionsServiceProviderFees>
      <finderFeesFee>0.00</finderFeesFee>
      <auditorServiceProviderName>Armanino LLP</auditorServiceProviderName>
      <auditorFees>80000.00</auditorFees>
      <legalServiceProviderName>Buchalter, A Professional Corporation</legalServiceProviderName>
      <legalFees>115000.00</legalFees>
      <promotersFees>0.00</promotersFees>
      <blueSkyServiceProviderName>Buchalter, A Professional Corporation</blueSkyServiceProviderName>
      <blueSkyFees>35000.00</blueSkyFees>
      <estimatedNetAmount>31770000.00</estimatedNetAmount>
      <clarificationResponses/>
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    <juridictionSecuritiesOffered>
      <jurisdictionsOfSecOfferedNone>true</jurisdictionsOfSecOfferedNone>
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      <issueJuridicationSecuritiesOffering>AL</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>AR</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>AZ</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>CA</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>CO</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>CT</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>DC</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>DE</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>FL</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>GA</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>HI</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>IA</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>ID</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>IL</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>IN</issueJuridicationSecuritiesOffering>
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      <issueJuridicationSecuritiesOffering>MI</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>MN</issueJuridicationSecuritiesOffering>
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      <issueJuridicationSecuritiesOffering>NC</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>ND</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>NE</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>NH</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>NJ</issueJuridicationSecuritiesOffering>
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      <issueJuridicationSecuritiesOffering>NV</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>NY</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>OH</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>OK</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>OR</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>PA</issueJuridicationSecuritiesOffering>
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      <issueJuridicationSecuritiesOffering>SC</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>SD</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>TN</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>TX</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>UT</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>VA</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>VT</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>WA</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>WI</issueJuridicationSecuritiesOffering>
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      <issueJuridicationSecuritiesOffering>WY</issueJuridicationSecuritiesOffering>
      <issueJuridicationSecuritiesOffering>PR</issueJuridicationSecuritiesOffering>
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      <ifUnregsiteredNone>false</ifUnregsiteredNone>
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    <securitiesIssued>
      <securitiesIssuerName>Iron Bridge Mortgage Fund, LLC</securitiesIssuerName>
      <securitiesIssuerTitle>10 percent Preferred, Particip LLC Ownership Interests (Equity)</securitiesIssuerTitle>
      <securitiesIssuedTotalAmount>2412522</securitiesIssuedTotalAmount>
      <securitiesPrincipalHolderAmount>0</securitiesPrincipalHolderAmount>
      <securitiesIssuedAggregateAmount>Feb 2020 - Feb 2021 = 2,412,522</securitiesIssuedAggregateAmount>
    </securitiesIssued>
    <securitiesIssued>
      <securitiesIssuerName>Iron Bridge Mortgage Fund, LLC</securitiesIssuerName>
      <securitiesIssuerTitle>7 percent Secured Promissory Notes (Junior Notes)</securitiesIssuerTitle>
      <securitiesIssuedTotalAmount>3187890</securitiesIssuedTotalAmount>
      <securitiesPrincipalHolderAmount>0</securitiesPrincipalHolderAmount>
      <securitiesIssuedAggregateAmount>Feb 2020 - Feb 2021 = 3,187,890</securitiesIssuedAggregateAmount>
    </securitiesIssued>
    <securitiesIssued>
      <securitiesIssuerName>Iron Bridge Mortgage Fund, LLC</securitiesIssuerName>
      <securitiesIssuerTitle>Senior Secured Demand Notes</securitiesIssuerTitle>
      <securitiesIssuedTotalAmount>17258577</securitiesIssuedTotalAmount>
      <securitiesPrincipalHolderAmount>0</securitiesPrincipalHolderAmount>
      <securitiesIssuedAggregateAmount>Feb 2020 - Feb 2021 = 17,258,577</securitiesIssuedAggregateAmount>
    </securitiesIssued>
    <securitiesIssued>
      <securitiesIssuerName>Iron Bridge Mortgage Fund, LLC</securitiesIssuerName>
      <securitiesIssuerTitle>Class A Units</securitiesIssuerTitle>
      <securitiesIssuedTotalAmount>3045846</securitiesIssuedTotalAmount>
      <securitiesPrincipalHolderAmount>0</securitiesPrincipalHolderAmount>
      <securitiesIssuedAggregateAmount>Feb 1, 2021 - 3,045,846</securitiesIssuedAggregateAmount>
    </securitiesIssued>
    <securitiesIssued>
      <securitiesIssuerName>Iron Bridge Mortgage Fund, LLC</securitiesIssuerName>
      <securitiesIssuerTitle>Class B Units</securitiesIssuerTitle>
      <securitiesIssuedTotalAmount>18679582</securitiesIssuedTotalAmount>
      <securitiesPrincipalHolderAmount>0</securitiesPrincipalHolderAmount>
      <securitiesIssuedAggregateAmount>Feb 1, 2021 - 18,679,582</securitiesIssuedAggregateAmount>
    </securitiesIssued>
    <securitiesIssued>
      <securitiesIssuerName>Iron Bridge Mortgage Fund, LLC</securitiesIssuerName>
      <securitiesIssuerTitle>Class C Units</securitiesIssuerTitle>
      <securitiesIssuedTotalAmount>23948040</securitiesIssuedTotalAmount>
      <securitiesPrincipalHolderAmount>0</securitiesPrincipalHolderAmount>
      <securitiesIssuedAggregateAmount>Feb 1, 2021 - 23,948,040</securitiesIssuedAggregateAmount>
    </securitiesIssued>
    <unregisteredSecuritiesAct>
      <securitiesActExcemption>All securities, other than Senior Secured Demand Notes, issued pursuant to exemption under Rule 506(b) of Regulation D of Securities Act of 1933, as amended. Senior Secured Demand Notes issued pursuant to Regulation A.</securitiesActExcemption>
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