Purchase Rehab Rehab Only Equity Lending Transactional. starting at 5% $2000 min fee. 0% for free and clear homes

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1 PRIVATE MONEY FINANCING LOAN PROGRAMS EAST COAST & NY,NJ REHAB LOANS Purchase Rehab Rehab Only Equity Lending Transactinal Lender Fee starting at 4% $2500 minimum fee starting at 4% $2500 minimum fee starting at 5% $2500 minimum fee $2000 min fee Interest Rate Frm 13 15% interest nly Frm 13 15% interest nly 15% interest nly NONE Dwn Payment Lw mney dwn available! determined by risk 0% fr free and clear hmes Purchase 20% min Refi / Cash Out 0% NONE Term 6 12 mnth term 6 12 mnth terms 1 5 year terms 1 3 days Requirements Up t 65% ARV / LTV N minimum credit scre Light Dc Residential Investment Up t 65% ARV / LTV N minimum credit scre Light dc Residential Investment Up t 70%LTV N Dc Lan Residential Investment Cmmercial Up t 100% BC cntract required! Residential Investment Cde: PALPmnGA PROGRAM 2 We prvide hard mney lans t purchase and renvate nn wner ccupied residential and cmmercial real estate in Atlanta, Gergia and the surrunding areas. LTV: Lans up t 65% f ARV (After Repaired Value) Lan Size: Lans frm $25,000 t $1,500,000 Lien Psitin: First mrtgage lien nly Term: 6 mnth term, interest nly at 14 17% per annum (Extensin fees beynd riginal term may apply) Originatin fee: 3 10% f lan amunt ($4000 Minimum Fee) Title: Mrtgagee title plicy required at clsing

2 Appraisal: An appraisal f the ARV (After Repair Value) may be required. (Brrwer is respnsible fr payment) Insurance: Builder's risk plicy required at clsing Clsing Attrney: Lenders apprved clsing attrney Pre Payment Penalties: N prepayment penalties ever Prperty Type: Investment prperties nly (NOO) Interest Payments: Interest nly payments due n the first f each mnth. (Payments can be escrwed and rlled int the lan) Incme / Reserves: Brrwer must demnstrate adequate financial reserves t cver expenses f clsing related fee s, dwn payment and ability t repay the lan s interest payments Rehab / Cnstructin funds: If the lan is used fr renvatin r cnstructin, the repair funds are held in escrw and are disbursed in weekly draws. Once wrk is cmpleted a draw is requested frm the brrwer at which time we will verify which scpe f wrk was cmpleted and release the apprpriate funds. Cde: CAFLPC6697 PROGRAM 3 (NATIONWIDE) EXCEPT: AZ,CA,NV,OR,MT,ID,WY,NE,ND,MN,SD,KS,AR,WV,MI,VT Prperty type: Cmmercial lans n 1 4 Family investr prperties and small apartment buildings. Larger Cmmercial lans financed in ur Cmmercial Hard Mney Divisin. Lien psitin: First mrtgage nly. Standard term: 6 mnths with mnthly extensins up t 12 mnths. Advance rate: Up t 100% f the ttal prject csts, subject t 65% f the After Repaired Value. Reserve accunt applies. Renvatin funds: Renvatin funds are usually advanced in ne t three draws, and wired directly t yur accunt. Rehab prtin f the lan typically nt t exceed 100% f acquisitin cst unless therwise apprved. Clsing csts: Up t $1200 f clsing csts (i.e. title insurance, recrding fees, etc.) can be financed as part f the lan prceeds. Guarantee: Persnal guarantee required. Qualifying dcuments: Investr Assessment Frm Lan dcumentatin: (Fr Each Lan) Purchase Agreement Summary f Rehab Wrk t be Cmpleted After Repair Value Appraisal (Obtained by lender) Title Plicy (Obtained by lender) Deal Submissin Frm Pictures f Rehab Prperty Hme Inspectin 3 mnths f Bank Statements 2 years f Tax Returns 3 Mst Recent Paystubs signed 4506 T quick funding: Once a brrwer has been apprved, funding f individual transactins is quick. N need t reapply fr subsequent transactins. Cde: BV638RHB

3 PROGRAM 4 TYPES OF PROPERTIES Spec Cnstructin, Owner Occupied Builder, r Investr Rehab Flipper Residential/Multi Family/Cmmercial Prperty unfinished r under cnstructin with apprved plans TYPES OF BORROWERS/PURPOSE Owner Occupied and Nn Owner Occupied Exit Strategy at yur discretin: Refinance, Occupy r Sell the prperty upn cmpletin Purchase Mney + Cnstructin Refinance + Cnstructin Cash ut t Cnstructin Grund Up Cnstructin LOAN TERMS Cnstructin and Rehab Lan LTV up t 65% f future value Cnstructin lans up t $4.5 millin NET fr grund up r cnstructin cmpletin Lan decisin based n future appraised value nt purchased value Lan decisin based n the quality f the prject Reasnable Cnstructin Perids Flexible Disbursal Schedule N Prepayment Penalties Nn FICO driven INTEREST RESERVE OK Cde: FM3269RHC CONSTRUCTION FINANCING Prperty SFR stick built nly. Appraisal based n maximum five acres with clse, recent and similar sld cmparable; nn rural. Lan limits: $50K t $400K Credit scres: Use the lwest mid scre f applicants. Five year seasning n all BK s. N reprting freclsures, shrt sales r deeds in lieu. Terms All lans fr cnstructin term nly, nt permanent. Interest nly payments based n grss lan amunt, due mnthly. Subject t Builder apprval. Cnstructin budget apprval. General ntes N land payff. Add.5%+ t fee fr debt subrdinatin (apprved case by case). Lt must be free and clear. Stated incme available fr spec builders nly. Call fr details tax frm required fr all prgrams. Call fr details. Cnstructin cmpletin prjects reviewed case by case nly; if apprved; brken pririty fee is typically $3,000. Cde: BSMK1965

4 PROGRAM 2 Types f Prperties Spec Cnstructin, Owner Occupied Builder, r Investr Rehab Flipper Residential/Multi Family/Cmmercial Prperty unfinished r under cnstructin with apprved plans. Types f Brrwers / Purpse Owner Occupied and Nn Owner Occupied Exit Strategy at yur discretin: Refinance, Occupy r Sell the prperty upn cmpletin Purchase Mney + Cnstructin Refinance + Cnstructin Cash ut t Cnstructin Grund Up Cnstructin. Lan Terms Cnstructin and Rehab Lan LTV up t 65% f future value Cnstructin lans up t $4.5 millin NET fr grund up r cnstructin cmpletin Lan decisin based n future appraised value nt purchased value Lan decisin based n the quality f the prject Reasnable Cnstructin Perids Flexible Disbursal Schedule N Prepayment Penalties Nn FICO driven INTEREST RESERVE OK Cde: FMCONk87 PROGRAM 3 Private Mney Fast (Natinwide Jumb Cnstructin Lans) Prtfli Lenders Creative appraches t "Hard Mney" equity lending. N seasning requirements r cash ut limitatins. Simple Applicatin Prcess Fax us yur executive lan summary r 1003 Fast Answers Fast turnarund n expressin f interest. Setting the Standard fr "Hard Mney" Equity Lans Lan Amunts: $300,000 t $10,000,000 Lan t Value: Flexible Interest Rates: 9.99% t 11.99% Fees: 2 t 4 pints Lan Term: Up t 5 years Lien Psitin: First Prepayment Penalty: Nne Cde: NJC 1209

5 APARTMENTS & MULTIFAMILY FINANCING Hard Mney Lan financing t $150k t 15 millin +, High LTVs. True equity based lending. N incme check available. ALL PROPERTY TYPES: COMMERCIAL, INVESTOR RESIDENTIAL, SUPER JUMBO $150,000 t $15,000,000 Natinwide All 50 States Bad credit OK fr all ur Bridge Mrtgage Lans All situatins cnsidered including bankruptcy, freclsure 24 Hur Apprvals / Emergency Mrtgage Clsings Our Hard Mney Mrtgage Lan Prgram is designed fr quick clsings Hard Mney Bridge Lan rates are frm 11% 15% LTVs t 65% Our Hard Mney Mrtgage Lans are based n actual prperty/prject value Asset Based Lan Apprvals fr all ur Hard Mney Mrtgage Lans Updated Appraisal Ok IMMEDIATE SITE VISITS Cde: NSNWC1002 PROGRAM 2 We ffer superir apartment building financing slutins, whether it is fr purchases, new cnstructin, cash uts r refinancing. We als prvide ther types f multifamily financing, including mixed use prperties. If the prperty has a cmbinatin f apartments, ffices r any ther incme prducing type, we can help. We can structure yur apartment building lan with a fixed rate r variable rate and amrtize it ver a lng term if yu wish. If yu are lking fr Hi Rise apartment financing, we can prvide yu with financing t get yur prject up and ging. When it cmes t High Rise apartment financing slutins, the sky is the limit, and we can help yu get there. We prvide lw rate as well as n pint apartment building lan prgrams natinwide. Our apartment lan ptins are as fllws: Apartment interest nly payment ptin, 30 year apartment building lan (n balln apartment lans), year fixed interest rates n apartment lan, 90% LTV apartment financing. Our apartment lan prgram underwriting guidelines n apartment lans are as fllws: Apartment lans are available n fixed and variable rate financing n 5 r mre units Apartment lan size varies frm $500,000 t $380,000,000. Apartment financing LTV/CLTV permitted up t 80% Apartment financing is available natinwide Apartment lan rate fixed terms: 3 30 years Apartment lan clsing as sn as 45 days Apartment debt cverage rati: 1.05 t 1.25 Cash ut available n apartment lans. We ffer apartment building lans with interest nly payment ptins, n pints, and lw interest rates. Apartment Building Lans has what it takes t be yur apartment financing surce. Cde: LJG125VxM

6 SENIOR / ASSISTED LIVING FINANCING This financing is NOT at HUD prgram. We have ne f the nly cnstructin lans fr Assisted Living Facilities that is nt dependent n HUD apprval. We have access t ALF funding frm $2,000,000 up t $50,000,000. The ideal range f funding where we see the mst success is frm $10,000,000 t $38,000,000. This exciting new prgram was designed t be an alternative t lengthy HUD prgrams. Assisted Living Facility Cnstructin Financing means that develpers can avid cstly delays assciated with HUD and USDA B&I prgrams! Avid the huge delays assciated with HUD apprvals N dealing with SBA 504 and CDC debentures and cmplicated funding strategies Deal with underwriters accustmed t the cnstructin lan prcess Draw requests, wrk rder changes and ther issues handled by prfessinals well versed in the needs f develpers and cnstructin lending. Ppular markets fr Assisted Living Facility lending includes; Atlanta, GA, Phenix, AZ, Charltte, NC, Jacksnville, FL, Austin, TX and Greenville, SC, Dallas TX. Other markets include Raleigh, NC, Ashville, NC, San Dieg, CA, and Chicag, IL. Lans fr Assisted Living Facility Cnstructin can be btained in many markets but these seem t be very ppular. Cnstructin financing fr Assisted Living Facilities usually takes n this cmbinatin with the cmmercial mrtgage funding the land develpment and building cnstructin funding and the business lan prviding the capital needed t get the equipment and business up and running. Cmmercial Lending s special Cnstructin Lan fr Assisted Living Facilities ffer: Lan Amunts: $10MM minimum, N max Lan t Cst 75% (LTC) Term: 5 7 Year Cnstructin t mini perm Amrtizatin: First 2 Years (cnstructin phase) is Interest nly, after that amrtizatin varies by strength f prject but mst prjects will receive 25 year amrtizatin perid. Rate: Variable r Fixed ptins Variable is WSJ Prime plus rughly 250bp r Fixed rate range is 6 7% Prepayment Penalty: Nne Recurse: Sme Persnal Guarantee typically required hwever this is negtiable depending n strength f deal. Spnsr can als Buy Dwn the recurse with higher Equity Participatin (lwer LTC) Lans that pay dividends fr yur business. We have all types f lans fr assisted living facilities and financing fr medical ffice buildings. Develpment lans, cnstructin lans, cmmercial business lans and Assisted Living Facility Purchase lans. Business lans fr medical ffice buildings and assisted living when cmbined with a small business lan r with equipment financing is ur specialty and we get them dne even when banks have said NO! Cde: DdAht220

7 PROGRAM 2 SBA, CONVENTIONAL, FHA AND FANNIE MAE financing all ver the United States fr many types f Senir Living Prperties t meet the needs f ur aging ppulatin. *Rates starting at 3.25% **FHA PROGRAMS AT BOTTOM OF PAGE Lans frm $500,000 t (N Lan Limit) Purchase Up t 83% LTV Refinance Up t 80% LTV New Cnstructin Up t 80% LTCst (HUD) Up t 75% LTC Cnventinal Rehabilitatin Up t 83.3% LTCst Skilled Full Care Nursing Facilities Assisted Living Independent Living Senir Husing Adult Day Care Hspitals Other specialty care facilities Lcatins: Natinwide All 50 states Amrtizatin: 20,25,30,35, and 40 years FHA cnstructin lans cnvert int a 40 year, fully amrtizing fixed rate lan Lan t Value: % LTV Debt Service: DSCR n healthcare prperties is as lw as 1.2% Nn Recurse: Recurse lans usually nt required except fr SBA Lans and cnstructin (NO PERSONAL LIABILITY AND NO PERSONAL TAX RETURNS) Assumable: Yes, subject t lender apprval LOAN PROGRAMS (1) Healthcare Acquisitin r Refinance HUD (f) *$4 MM minimum Lan n maximum* Healthcare New Cnstructin r Rehab HUD 232 FHA Sr Assisted Living Sizing Spread Sheet (Excel) Fannie Mae Senir Living Husing *$2 MM minimum lan n maximum* (2) Fannie Mae Senirs Husing Financing Infrmatin (3) SBA Assisted Living *$500,000 minimum lan* SBA 7a Lans ($5 MM maximum lan amunt) SBA 504 (Maximum Lan $12 MM) MUST BE OWNER OPERATED Up t 90% LTV (4) Cnventinal $1 MM minimum Cde: NCPSLALNW

8 HOTELS FINANCING Bridge Financing Bridge lans typically include, but are nt limited t, pprtunistic investment transactins fr mispriced assets with substantial upside thrugh turnarund situatins, discunted payff and discunted nte acquisitins. NOTE FINANCING First mrtgage capital fr htel wners r investrs t maximize returns thrugh the acquisitin f distressed debt secured by hspitality assets. Help a spnsr lking t acquire a distressed nte t get t the asset in the mst expedient manner, r t wrk ut the lan t maximize the investment return. MEZZANINE DEBT FINANCING Mezzanine debt t give a spnsr greater prceeds and g higher n the capital stack (LTV) than what senir cnventinal debt wuld allw. They are ideal fr pprtunistic purchases t minimize the direct cmmn equity required, recapitalizatins, financing PIPs and refinances where the principal amunt currently wed is higher than what senir debt lan cmmitments can be btained. DISCOUNTED PAYOFF (DPO) FINANCING Shrt t medium term first mrtgage capital t spnsrs repurchasing their existing debt at a discunt t right size the amunt f debt n the asset. FIRST MORTGAGE BRIDGE LOAN PROGRAM REQUIREMENTS Eligible Cllateral: Typically branded, interir crridr, limited, select, and full service htels with between 75 and 300 keys, and nte purchases secured by same. Eligible Lcatins: Cntinental U.S. Purpse: Purchase, refinance, discunted payff, recapitalizatin, cnstructin cmpletin, nte purchase, etc. Transactin Sizes: $1 millin t $20 millin, higher n a case by case basis. LTV: Up t 70% f "as is" appraised value r actual purchase price. Security: First mrtgage lien n the subject prperty(s), assignment f all permits and apprvals, assignment f leases, UCC filing, r assignment and security interest in same n nte purchases. Ownership: Single asset, special purpse entity. Cmmitment Depsit: 1% f lan amunt (minimum $15,000) payable upn acceptance f Lan Cmmitment fr full underwriting, due diligence, site inspectin, 3rd party reprts, legal, title wrk, dcument preparatin, cmfrt letter, and clsing csts. Prepayment: 6 mnth interest guarantee. Interest Rate: Rates starting at 9.9% interest nly. DSC / Debt Service: <1 based n interest nly acceptable with quality pr frma & turnarund plan Recurse: Full persnal guaranty f spnsrs. Nn recurse available with cmpensating factrs. Lan Term: 1 5 yrs. Reserves: Real estate taxes, hazard insurance, replacement reserves, and mrtgage interest may be required. Underwriting Cnsideratins: Heavy emphasis n new equity capital t be funded in cnnectin with lan r additinal cllateral, cncentratin n value creatin, market analysis, spnsrship, and exit strategy. Third Party Reprts: MAI Appraisal, Phase I envirnmental, feasibility and thers if required r rdered by Lender at expense f Brrwer. Clsing Time: 2 t 3 weeks frm receipt f full package, applicatin acceptance and depsit remittance. Cde: HCDL193a

9 PROGRAM 2 Partners with wners by injecting capital int htel real estate and taking a passive preferred equity wnership stake. Preferred Equity Prgram Requirements Eligible Cllateral: Typically branded, interir crridr, limited, select, and full service htels between 75 and 300 keys, and nte purchases secured by same. Eligible Lcatins: Cntinental U.S. Purpse: Purchase, refinance, discunted payff, recapitalizatin, cnstructin cmpletin, nte purchase, etc. Transactin Sizes: Typically $1,000,000 t $10 millin, higher n a case by case basis Ownership: Single asset, special purpse entity. Preferred Equity Return: Typically a current pay rate + a percentage f wnership and assciated cash flw that varies accrding t prject plan & available cash flw. Minimum Levered IRR target: Varies per transactin. Minimum NOI %: Depends n market/prperty type/brand/etc. Cmmitment Depsit: 1% f preferred equity amunt (minimum $20,000) payable upn acceptance f Preferred Equity Term Sheet fr site inspectin, 3rd party csts, legal and clsing csts. Any remainder credited at clsing, r refunded in the event the deal is nt apprved. Buy/Sell Agreement: T be defined in the perating agreement Preferred Term: 3 5 yrs. Reserves: Real estate taxes, hazard insurance, replacement reserves, and mrtgage interest may be required. Underwriting Cnsideratins: Heavy emphasis n value creatin, market analysis, spnsrship, and exit strategy. Third Party Reprts: MAI Appraisal, Phase I envirnmental, feasibility and thers if required at expense f Spnsr. Spnsr Prmte: Occurs after specified IRR hurdles are met and tiered based n the success f the investment. Clsing Time: As early as 30 days frm receipt f full package, applicatin acceptance and depsit remittance. Cde: HGCber01

10 PROGRAM 3 Eligible Cllateral: Typically branded, interir crridr, limited, select, and full service htels with between 75 and 300 keys, and nte purchases secured by same. Eligible Lcatins: Cntinental U.S. Purpse: Purchase, refinance, discunted payff, recapitalizatin, cnstructin cmpletin, nte purchase, etc. Transactin Sizes: $1 millin t $20 millin, higher n a case by case basis. LTV: Up t 70% f "as is" appraised value r actual purchase price. Security: First mrtgage lien n the subject prperty(s), assignment f all permits and apprvals, assignment f leases, UCC filing, r assignment and security interest in same n nte purchases. Ownership: Single asset, special purpse entity. Cmmitment Depsit: 1% f lan amunt (minimum $15,000) payable upn acceptance f Lan Cmmitment fr full underwriting, due diligence, site inspectin, 3rd party reprts, legal, title wrk, dcument preparatin, cmfrt letter, and clsing csts. Prepayment: 6 mnth interest guarantee. Interest Rate: Rates starting at 9.9% interest nly. DSC / Debt Service: <1 based n interest nly acceptable with quality pr frma & turnarund plan Recurse: Full persnal guaranty f spnsrs. Nn recurse available with cmpensating factrs. Lan Term: 1 5 yrs Reserves: Real estate taxes, hazard insurance, replacement reserves, and mrtgage interest may be required. Underwriting Cnsideratins: Heavy emphasis n new equity capital t be funded in cnnectin with lan r additinal cllateral, cncentratin n value creatin, market analysis, spnsrship, and exit strategy. Third Party Reprts: MAI Appraisal, Phase I envirnmental, feasibility and thers if required r rdered by Lender at expense f Brrwer. Clsing Time: 2 t 3 weeks frm receipt f full package, applicatin acceptance and depsit remittance. PROGRAM 4 Cde: HGCber02 We can prvide the best htel financing fr prperties wrldwide. Lan amunts n htel lans can range frm $500,000 t $1.3 billin. Fixed rates n htel lans are als available as well as htel lans with adjustable rates. Debt cverage ratis fr htel lans start at 1.10 and up. HOTEL PROGRAM PARAMETERS Lan Term: Lan maturities are nrmally ten years. Other maturities will be determined based n yur specific case. Lan Amrtizatin: 25 and 30 year amrtizatin Debt Service Cverage Rati (DSCR): DSCR f 1.35:1 dependent upn prperty type, physical cnditin, age, lcatin and cmpetitiveness f market psitin Lan t Value Rati: Up t 70% with Limited Service r up t 80% with Full Service f MAI appraised value cnfrming t FIRREA and USAO guidelines and up t 75% with limited service r up t 85% (full service) f lan t acquisitin cst (if applicable). Lan Escrws: The brrwer will typically cntribute mnthly t an escrw accunt fr real estate taxes and prperty insurance. The brrwer will usually als establish a mnthly capital replacement escrw reserve equal t the greater f I. 4 % f grss revenues r II an amunt t be determined by DBMC n the basis f an engineering reprt and DBMC s site inspectin. These reserves may be waived r capped depending n yur situatin. Cde: THLHLWLDW1

11 PROGRAM 5 Nn Recurse Purchase: $3 MM and up lan amunts 5 10 year term year amrtizatin DSC % LTV Flagged Limited & Full Service, Extended Stay Experienced peratrs Recurse Purchase $500 K Minimum Lan A. Purchase existing perating prperty May include:. Land / Building / Equipment / Gd Will. Operating Capital. Existing business B. Up t 85% CLTV SBA lan $500 K t $15 MM C. Requires a Star Reprt Refinance A. Rate and term B. Cash ut C. Requires a Star Reprt Cnstructin $3 MM minimum Land purchase Cnstructin cst Equipment Interest nly One time clse cnstructin t permanent lan Requires a Star Reprt and Feasibility Study Bridge and Rehab Lans (fr nn stabilized prperties) 1. Purchase 2. Rehab 3. FOREIGN NATIONALS Cde: NCPHM COMMERCIAL REAL ESTATE FINANCING Finance up t 65% f As Is Value We ffer additinal funds fr renvatin We ffer flexible draw schedules fr renvatin prjects Will crss cllateralize prperties t reduce r eliminate dwn payment Interest rates range frm 14% 16% Lender fee ranges frm 4 6 pints Duratin is 6 18 mnths Renewal ptins are available Interest nly payments N prepayment penalty Offer fast clsings with clean title Lans fr residential, multi family, ffice building, retail, light industrial, etc. Lan size $50,000 $500,000 Raw Land, Residential, Cmmercial Office Buildings Retail Warehuses And Others Cde: CPPMAx23

12 PROGRAM 2 PROPERTY REQUIREMENTS First mrtgage lien. Participatins and jint ventures will be cnsidered. LTV Lans up t 60% f appraised value Lans frm $50,000 t $3,000,000 All prperty types will be cnsidered Appraisal required n all prperties by apprved Paces Funding appraiser (brrwer is respnsible fr payment) Mrtgagee title plicy required at clsing Builder s risk and/r hazard plicy naming Paces Funding as additinal lss payee required at clsing Clsing attrney selected by Paces Funding BORROWER REQUIREMENTS Cmpleted brrwer applicatin Histrical financial perating statements and prjected future pr frma N credit scre requirement Executed cntract fr purchase and detailed cnstructin budget, if necessary, frm cntractr required Adequate financial reserves t cver expenses f clsing and cntinued brrwing Exit strategy t retire lan LOAN PROVISIONS Up t 60% LTV 12 mnth term Interest rate minimum 15% per annum Originatin fee minimum 5% f lan Custmary clsing csts and fees paid by brrwer Appraisal by Paces Funding apprved appraiser Interest due n the first f each mnth Extensin fees beynd riginal term may apply Cde: PFDpp8901 CONVENTIONAL CONSTRUCTION FINANCING Cnventinal Cnstructin Lans ($2 MM minimum lan amunt N Maximum) Up t 80% LTV (*Cmpleted Value nt cst) Senir Living and Assisted Living facilities thers Cntact us fr details Rehab Up t 65% ARV (*Cmpleted value nt cst) Sr. and ALF Multifamily Htels and Mtels Must be flagged / Full service nly Terms 12 mnths t 25 years Interest nly during cnstructin / Amrtizatin after cmpletin Gegraphic Lcatins / Majr metrplitan areas in US nly Lan Type Structured as first lan Mnthly Draw * Lan amunts based n pr frma stabilized value. Cde: NCPCON13V

13 PROGRAM 2 Cnventinal Financing fr Cmmercial Cnstructin lans Natinwide. Frm $500,000 t 50M + and Up t 100% LTC 75% 80% LTV. Prperty types and Lcatins Mst Cmmercial prperty types are cnsidered Must be in the path f grwth Greater than 15,000 ppulatin is preferred Cmmercial "fr lease" prperties Apartment Assisted care Self Strage Mbile Hme Parks Warehuse Office Retail Medical Single tenant cnsidered n case by case basis The Offer Prime plus.5 1% mnth cnstructin term One time clse Cnverts t 3 yr. mini r 10yr perm at the end f cnstructin 2 3% lender fee Prperty must underwrite at 1:1 rati at clsing Typical year pre pay penalty Typical Brrwer Prfile Builder Develper Investr Experienced Prfessinal Requires strng brrwer credit net wrth liquidity Has several prjects in the wrks Bad credit will nt be turned dwn if yu have cash in the deal Next Steps Executive summary explaining the deal n paper Lcatin map Fixed price cnstructin cntract Pr frma prjectins Current Financials last 3 years persnal and crprate tax returns Resume f principals Purchase cntract Architectural renderings These are the straight frward cnstructin finance guidelines fr prperties such as Mbile hme parks, self strage, apartments, retail strip centers, warehuse, ffice and assisted care facilities Natinwide. Cde: DM155LCC

14 LAND RAW LAND Eligible Prperties: Purchase Refinance Cash ut Bank wned, REO prperties, ballning ntes, Trust deed, mrtgages Minimum Lan Size: $500,000 $5,000,000 Pricing: 12.99% 14.99% Interest nly 6% 8% Originatin pints (paid at clsing) Lan Terms: mnths frm initial investment Prepayment Penalty: Nne Persnal Guarantees: NO Nn recurse frmat Lan t Value: 50% AS IS maximum LTV As cmpleted LTV is nt typically cnsidered New Equity (cash) Requirements: Typically n new cash fr Refinance r cash ut Purchase minimum 40% f ttal purchase price Third Party Reprts: Appraisal Cllateral value pinin Reliable Phase I envirnmental reprt (lder reprt can be used if prperty des nt display bvius signs) DML Prperty inspectin (required) ALTA land survey Preliminary Submissin Package fr Residential Land Lans: 1. Well written summary f the prperty descriptin, current entitlement status and gals 2. Representative clr aerial phtgraphs (6 7 preferred) 3. Surces & uses 4. Spnsr(s) resume Cde: DM155RLan PROGRAM 2 Jint Venture Land Lans Eligible Prperties: Bank wned, REO prperties, stalled residential subdivisins, ballning ntes, verleveraged prperties, discunted ntes frm banks, thrifts, pensin funds, etc. Minimum Lan Size: $2,000,000 $10,000,000+ Pricing: Target IRR 25% 35% includes management fees, with an upside ptential Lan Terms: mnths frm initial investment Prepayment Penalty: Nne typically Persnal Guarantees: NO Nn recurse frmat Lan t Value: 55% AS IS maximum LTV As cmpleted LTV may be cnsidered n a case by case situatin New Equity (cash) Requirements: NO 100% financing Develper Minimum new equity CASH injectin 10% 20% f ttal prjected cst Third Party Reprts: Appraisal Cllateral value pinin Reliable Phase I envirnmental reprt (lder reprt can be used if prperty des nt display bvius signs) DML Prperty inspectin (required) ALTA land survey Preliminary Submissin Package fr Jint Venture Land Lans: 1. Prperty descriptin, address, & current debt structure 2. Well written summary f the gals 3. Representative clr aerial phtgraphs r lder appraisal 4. Pr frma 5. Surces & uses 6. Spnsr(s) resume Cde: DM155JVLan

15 PROGRAM 3 Hard Mney Land Eligible Prperties: Purchase Refinance Cash ut Bank wned, REO prperties, Stalled PUD's, ballning ntes Minimum Lan Size: $1,000,000 $15,000,000+ Pricing: 12.99% 14.99% Interest nly 5% 8% Originatin pints (paid at clsing) Lan Terms: mnths frm initial investment Prepayment Penalty: Nne Persnal Guarantees: NO Nn recurse frmat Lan t Value: 50% AS IS maximum LTV As cmpleted LTV is nt cnsidered New Equity (cash) Requirements: NO 100% financing Develper Minimum new equity CASH injectin 10% 20% f ttal prjected cst Third Party Reprts: Appraisal Cllateral value pinin Reliable Phase I envirnmental reprt (lder reprt can be used if prperty des nt display bvius signs) DML Prperty inspectin (required) ALTA land survey Preliminary Submissin Package fr Jint Venture Land Lans: 1. Prperty descriptin, address, & current debt structure 2. Well written summary f the gals 3. Representative clr aerial phtgraphs r lder appraisal 4. Pr frma 5. Surces & uses 6. Spnsr(s) resume Cde: DM155HMLan NATIONWIDE Lan Parameters fr Cmmercial Prperties Lan Size: $50,000 t $50,000,000 Lan Size: $50,000 t $50,000,000 Lending Area: Natinwide Term: 1 3 Years Prperty Type: All Cmmercial Prperties Including Multi Family & Mixed Use 1st & 2nd Trust Deeds Interest Rates: 8.5% 12% (Rates influenced by LTV & cllateral type) Lan t Value: Up t 60% Amrtizatin: Interest Only & Principal and Interest Available Originatin Fee: 2% 4% Taken at Clsing Frm Lan Prceeds Clsing Terms: Clsings in as Quick as 5 Business Days N Up Frnt Fees: Unless Appraisal r Phase 1 is Needed Cde: BLCAcmUS

16 PROGRAM 2 Fast Funding n all types f prjects Incme Prperties Shrt Term Bridge Lans Refinance and r cash ut Htels, ffice building, gas statins Funeral hmes and restaurants Raw land Cnstructin lans Acquisitin and develpment Terms Lans frm 500K t 20MM Can prvide cmmitment letters in 24hurs Fast clsing Shrt term t lng term financing Aggressive rates Lan Requirements Guidelines cme dwn t the asset details, we need t have a lan t value rati that makes sense in rder t lend n. N pages f frms, just need the details, and the lans needs t make sense. N credit requirements N incme requirements N prepayment penalty N strict guidelines Lan must be transparent Cde: JNW752wld

17 DEBT, EQUITY AND JOINT VENTURES Jint Venture/Preferred Equity Financing Seeking t make passive, preferred equity investments. Funds can be used fr: Cmplete real estate develpments Repsitin prperties Pay dwn existing financing Take advantage f special pprtunities Acquire trubled real estate Acquire mrtgage debt at a discunt Buy ut partners THE INFORMATION BELOW PROVIDES A GENERAL OUTLINE OF OUR JOINT VENTURE/PREFERRED EQUITY PROGRAM. Investment Amunt: $500,000 minimum, n maximum Investment Structure: Preferred membership interest in the develpment entity Preferred Return: 12% per annum, cumulative frm investment date Cmmn Interests: We receive a 40 50% cmmn membership interest in the develpment entity fr a nminal amunt, in cnsideratin fr ur investing in yur prject. Spnsr Cntributin: Apprximately 15% t 20% f ur equity investment fr which the spnsr receives a preferred interest similar t urs, but subrdinate t ur interest. Develpment Entity Distributins: Net cash flw frm the peratin and resale f the prject will be applied in the fllwing manner: a) Pay debt service n any prject related lans; b) Pay cumulative preferred return n ur preferred membership interest c) Redeem ur firm s preferred membership interest; Term f Investment: Maximum 5 years Prduct Types: All real estate, except land Market: Natinwide Decisin Making: Majr decisins (e.g. terminatin f manager, sale, r refinance) require ur apprval Recurse: Nn recurse, except fr standard carve uts. A cmpletin guaranty may be required n majr develpment r rehab prjects Clsing: Typically, 4 weeks. Hwever, as fast as 10 days frm the date f receipt f all requested due diligence items. Underwriting Requirement: All final submissins must include an Argus Valuatin DCF data file. If yu (r yur client) have nt mdeled yur submitted prject in Argus Valuatin DCF, yu must engage us r a third party t mdel yur prject. Hwever, n a preliminary basis, please feel free t submit yur prfrma in any frmat. Cde: NLJVEQNW

18 PROGRAM 2 Jint Venture Financing Jint venture financing is similar t a partnership in that it must be created by agreement between the parties t share in the lsses and prfits f the venture. Even thugh ur clients may nt start ut lking fr partners, they recgnize the value f sharing equity ver "straight" debt financing. As a result, thrugh jint venture financing, ur Clients can reduce the amunt f their persnal capital at risk but still fcus n the gal t get their prject funded. In sme cases, jint venture financing may be the nly way t get the prject funded. ELIGIBLE PROJECTS We will cnsider Multifamily, Retail, Industrial, Office, Residential Develpment, Hspitality and Cndminium prjects fr the fllwing types f investments: Develpment Recapitalizatins Renvatins Acquisitins Refinance ELIGIBLE PROPERTY LOCATIONS We wrk n prjects in all 50 states as well as internatinally DEAL SIZE $10,000,000 t $1 Billin+ HOLDING PERIODS 1 5 Years. Prject duratins will affect risk adjustments in pricing INVESTMENT AMOUNTS Amunts up t 100% financing TARGET PROFIT PARTICIPATION Depending n prject dynamics, spnsr suitability and deal structure lender will target between 25% and 75% prfit participatin Cde: VETJV106Nw

19 PROGRAM 3 Equity Participatin Capital can be arranged fr equity financing accrding t the fllwing underwriting guidelines: ELIGIBLE PROJECTS Multifamily, Retail, Industrial, Office, Residential Develpment, Hspitality, Student Husing, and Cndminium prjects fr the fllwing types f investments: Develpment Recapitalizatins Renvatins Acquisitins Refinance/Cash Out ELIGIBLE PROPERTY LOCATIONS All 50 states and internatinally MINIMUM DEAL SIZE $2.0M HOLDING PERIODS 1 5 Years. Prject duratins will affect risk adjustments in pricing INVESTMENT AMOUNTS Up t 95% f the required equity amunt. We like t see spnsr cntributins f between 5% and 10% TARGET RETURNS Depending n prject dynamics, spnsr suitability and deal structure lender will target between 15% and 49% returns DEAL STRUCTURE Preferred return: 8 12% Tiered Returns: Ownership percentages are based upn mutually established hurdle rates r benchmarks designed t effect the target returns utlined abve Cde: VETEQ106Nw

20 HARD MONEY COMMERCIAL PROPERTY REQUIREMENTS First mrtgage lien nly LTV Lans up t 65% f ARV Lans frm $20,000 t $3,000,000 Multifamily prperties up t 4 units will be cnsidered Appraisal f ARV required n all prperties (brrwer is respnsible fr payment) Mrtgagee title plicy required at clsing Builder s risk plicy naming Lender mrtgagee as additinal lss payee required at clsing Clsing attrney selected by Lender BORROWER REQUIREMENTS Cmpleted brrwer applicatin There is n credit scre requirement Executed cntract fr purchase and detailed cnstructin budget frm cntractr Adequate financial reserves t cver expenses f clsing and cntinued brrwing Acceptable exit strategy t retire lan LOAN PROVISIONS Rates vary frm 13 15% per annum, interest nly, depending upn cllateral and lan structure. Up t 65% LTV f ARV 6 mnth term, interest nly at 14 16% per annum Lender Originatin fee f 4 5% f lan (minimum fee may apply) Custmary clsing csts and fees paid by brrwer Appraisal by Lenders apprved appraiser Interest due n the first f each mnth Extensin fees beynd riginal term may apply Cde: PFDpp9001

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