<PAGE>


                                                                     Exhibit 4.3



                           Global Express Capital Real
                          Estate Investment Fund I, LLC

                 ORGANIZED UNDER THE LAWS OF THE STATE OF NEVADA

                            MEMBERSHIP CERTIFICATES
                                    SERIES A
                          MINIMUM INVESTMENT: $100,000

                             (SEE LEGEND ON REVERSE)

NUMBER: A-                                            $



THIS CERTIFIES THAT

is owner of a Series A Membership Certificate in the amount of


Dollars, representing membership interest in

           GLOBAL EXPRESS CAPITAL REAL ESTATE INVESTMENT FUND I, LLC,

 a Nevada Limited Liability Company, and is entitled to the full benefits and
privileges of such membership, subject to the duties and obligations, as more
fully set forth in the Company's Operating Agreement.

      IN WITNESS  WHEREOF,  the  Company  has caused  this  Certificate  to be
executed by its Managing Member this ___________ day of __________,



By: Global Express Capital Mortgage,
Managing Member


____________________________________
By:


<PAGE>



      THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, OR ASSIGNED TO ANY PERSON
      EXCEPT IN ACCORDANCE WITH THE TERMS OF THE COMPANY'S OPERATING AGREEMENT,
      AS AMENDED FROM TIME TO TIME, A COPY OF WHICH IS ON FILE AT THE COMPANY'S
      OFFICES.

Transfer Fee: As Required

-----------------------------------------------------------------

      The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM    - as tenants in common   UNIF GIFT ACT-____Custodian for _______
                                                Cust.)          (Minor)
                                              under Uniform Gifts to Minors
TEN ENT    - as tenants by the entireties

JT TEN     - as joint tenants with right of          Act of ____________________
             survivorship and not as tenants                (State)
             in common

    Additional abbreviations may also be used though not in the above list.

For value received _____________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

----------------------------------------

----------------------------------------

               Please print or type name and address of assignee

-----------------------------------------------------------------

-----------------------------------------------------------------

-----------------------------------------------------------------
________________________________________________________________ amount of
the Membership Certificates represented by the within Certificate and do
hereby irrevocably constitute and appoint

-----------------------------------------------------------------
Attorney to transfer the said certificate on the books of the within-named
limited liability Company, with full power of substitution in the premises.

Dated                     20
      -------------------   ----

SIGNATURE GUARANTEED:                     X
                                           ------------------------------


                                          X
                                           -----------------------------

      THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATSOEVER. THE SIGNATURE(S) MUST BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan
Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM.

<PAGE>




                           Global Express Capital Real
                          Estate Investment Fund I, LLC

                 ORGANIZED UNDER THE LAWS OF THE STATE OF NEVADA

                             MEMBERSHIP CERTIFICATES
                                    SERIES B
                           MINIMUM INVESTMENT: $25,000

                             (SEE LEGEND ON REVERSE)

NUMBER: B-                                            $



THIS CERTIFIES THAT



is owner of a Series B Membership Certificate in the amount of


Dollars, representing membership interest in

           GLOBAL EXPRESS CAPITAL REAL ESTATE INVESTMENT FUND I, LLC,

 a Nevada Limited Liability Company, and is entitled to the full benefits and
privileges of such membership, subject to the duties and obligations, as more
fully set forth in the Company's Operating Agreement.

      IN WITNESS WHEREOF, the Company has caused this Certificate to be
executed by its Managing Member this ___________ day of __________,


By: Global Express Capital Mortgage,
Managing Member


____________________________________
By:


<PAGE>



      THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, OR ASSIGNED TO ANY PERSON
      EXCEPT IN ACCORDANCE WITH THE TERMS OF THE COMPANY'S OPERATING AGREEMENT,
      AS AMENDED FROM TIME TO TIME, A COPY OF WHICH IS ON FILE AT THE COMPANY'S
      OFFICES.

Transfer Fee: As Required

-----------------------------------------------------------------

      The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM    - as tenants in common   UNIF GIFT ACT-____Custodian for _______
                                                Cust.)          (Minor)
                                              under Uniform Gifts to Minors
TEN ENT    - as tenants by the entireties

JT TEN     - as joint tenants with right of          Act of ____________________
             survivorship and not as tenants                (State)
             in common

    Additional abbreviations may also be used though not in the above list.

For value received _____________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

----------------------------------------

----------------------------------------

                Please print or type name and address of assignee

-----------------------------------------------------------------

-----------------------------------------------------------------

-----------------------------------------------------------------
_________________________________________________________________ amount of
the Membership Certificates represented by the within Certificate and do
hereby irrevocably constitute and appoint

-----------------------------------------------------------------
Attorney to transfer the said Certificate on the books of the within-named
limited liability Company, with full power of substitution in the premises.

Dated                     20
      -------------------   ----

SIGNATURE GUARANTEED:                     X
                                           ------------------------------


                                          X
                                           -----------------------------

      THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATSOEVER. THE SIGNATURE(S) MUST BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan
Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM.

<PAGE>




                           Global Express Capital Real
                          Estate Investment Fund I, LLC

                 ORGANIZED UNDER THE LAWS OF THE STATE OF NEVADA

                            MEMBERSHIP CERTIFICATES
                                    SERIES C
                           MINIMUM INVESTMENT: $10,000

                             (SEE LEGEND ON REVERSE)

NUMBER: C-                                            $



THIS CERTIFIES THAT

is owner of a Series C Membership Certificate in the amount of


Dollars, representing membership interest in

           GLOBAL EXPRESS CAPITAL REAL ESTATE INVESTMENT FUND I, LLC,

 a Nevada Limited Liability Company, and is entitled to the full benefits and
privileges of such membership, subject to the duties and obligations, as more
fully set forth in the Company's Operating Agreement.

      IN WITNESS  WHEREOF,  the  Company  has caused  this  Certificate  to be
executed by its Managing Member this ___________ day of _________,


By: Global Express Capital Mortgage,
Managing Member


____________________________________
By:


<PAGE>



      THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, OR ASSIGNED TO ANY PERSON
      EXCEPT IN ACCORDANCE WITH THE TERMS OF THE COMPANY'S OPERATING AGREEMENT,
      AS AMENDED FROM TIME TO TIME, A COPY OF WHICH IS ON FILE AT THE COMPANY'S
      OFFICES.

Transfer Fee: As Required

-----------------------------------------------------------------

      The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM    - as tenants in common   UNIF GIFT ACT-____Custodian for _______
                                                Cust.)          (Minor)
                                              under Uniform Gifts to Minors
TEN ENT    - as tenants by the entireties

JT TEN     - as joint tenants with right of          Act of ____________________
             survivorship and not as tenants                (State)
             in common

    Additional abbreviations may also be used though not in the above list.

For value received _____________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

----------------------------------------

----------------------------------------

               Please print or type name and address of assignee

-----------------------------------------------------------------

-----------------------------------------------------------------

-----------------------------------------------------------------
________________________________________________________________ amount of
the Membership Certificates represented by the within Certificate and do
hereby irrevocably constitute and appoint

-----------------------------------------------------------------
Attorney to transfer the said Certificate on the books of the within-named
limited liability Company, with full power of substitution in the premises.

Dated                     20
      -------------------   ----

SIGNATURE GUARANTEED:                     X
                                           ------------------------------


                                          X
                                           -----------------------------

      THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATSOEVER. THE SIGNATURE(S) MUST BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan
Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM.

<PAGE>




                           Global Express Capital Real
                          Estate Investment Fund I, LLC

                 ORGANIZED UNDER THE LAWS OF THE STATE OF NEVADA

                            MEMBERSHIP CERTIFICATES
                                    SERIES D
                           MINIMUM INVESTMENT: $2,000

                             (SEE LEGEND ON REVERSE)

NUMBER: D-                                            $



THIS CERTIFIES THAT

is owner of a Series D Membership Certificate in the amount of


Dollars, representing membership interest in

           GLOBAL EXPRESS CAPITAL REAL ESTATE INVESTMENT FUND I, LLC,

 a Nevada Limited Liability Company, and is entitled to the full benefits and
privileges of such membership, subject to the duties and obligations, as more
fully set forth in the Company's Operating Agreement.

      IN WITNESS WHEREOF, the Company has caused this Certificate to be
executed by its Managing Member this ___________ day of __________,


By: Global Express Capital Mortgage,
Managing Member


____________________________________
By:


<PAGE>



      THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, OR ASSIGNED TO ANY PERSON
      EXCEPT IN ACCORDANCE WITH THE TERMS OF THE COMPANY'S OPERATING AGREEMENT,
      AS AMENDED FROM TIME TO TIME, A COPY OF WHICH IS ON FILE AT THE COMPANY'S
      OFFICES.

Transfer Fee: As Required

-----------------------------------------------------------------

      The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM    - as tenants in common   UNIF GIFT ACT-____Custodian for _______
                                                Cust.)          (Minor)
                                              under Uniform Gifts to Minors
TEN ENT    - as tenants by the entireties

JT TEN     - as joint tenants with right of          Act of ____________________
             survivorship and not as tenants                (State)
             in common

    Additional abbreviations may also be used though not in the above list.

For value received _____________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

----------------------------------------

----------------------------------------

               Please print or type name and address of assignee

-----------------------------------------------------------------

-----------------------------------------------------------------

-----------------------------------------------------------------
________________________________________________________________ amount of
the Membership Certificates represented by the within Certificate and do
hereby irrevocably constitute and appoint

-----------------------------------------------------------------
Attorney to transfer the said Certificate on the books of the within-named
limited liability Company, with full power of substitution in the premises.

Dated                     20
      -------------------   ----

SIGNATURE GUARANTEED:                     X
                                           ------------------------------


                                          X
                                           -----------------------------

      THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATSOEVER. THE SIGNATURE(S) MUST BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan
Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM.