Table of Contents If you don't see your program here contact us. Wholesale Rates and Matrix for 7/28/

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1 Programs Table of Contents If you don't see your program here contact us. Wholesale Rates and Matrix for 7/28/ Page Table of Contents Small Portfolio Loan Program and Line of Credit $100K to $750K to 75% LTV Low Fixed Rates with 25 yr amortization Portfolio Program $1 million to $10 million to 75% LTV Low Rates with 30 year amortization Just Missed Bank Portfolio Program $200K - $5 million to 75% LTV Fixed Rates with 30 yr term/amortizations Small Bridge Portfolio Program CLC is the Lender for the Program $100K to $2 million 65% to 70% LTV and allows cash out for any purpose Multifamily 5+ Units, Mixed Use & Mobile Home Parks $600K - $100 million to 80% LTV Non-Recourse Low Fixed Rates with 30 yr term/amortization Stated Portfolio Program $100K - $5 million to 75% LTV Cash Out for Any Reason Non-Recourse, Recourse and Foreign Nationals Programs $500K to $10 million to 80% LTV, Just Missed Bank Approval Permanent Products & Bridge SBA 7(a) $200K - $5 million to 90% LTV SBA $500K - $10 million to 90% LTV Investor and Owner Occupied $200K to $10 million to 85% CLTV Small Hotel/Motel $350K - $4 million to 75% LTV Non-Flagged OK 75% LTV Non-Recourse Commercial Loans $3 million - $50 million to 80% LTV with 30 yr amortizations, 70% LTV for Hotels Bond Structured Financing $8 million and above 75% LTV construction to perm funds just missed FNMA, FHLMC and FHA/HUD loans Hedge Fund Program $15 million - $550 million to 75% LTV Construction, Rehabilitation, Mini-Perm, Perms Bridge, Mezzanine, Equity $1 million - $500 million Page 1 of 16

2 Small Portfolio Loan Program Line of Credit $100,000 to $750,000 Available in All 50 States and Rural Areas Owner Occupied and Investor Properties (Min 80% Occupied) 75% LTV Purchase, Refinance, 2 nd Mortgages and Line of Credit 5% Seller Carry Back Seconds Allowed to Max of 75% CLTV Minimum Middle FICO Mid FICO Score qualifies for the below Rates Prepay Penalty for All Programs: 3,3,3 Cost to do the Loan is 1.00% that covers Appraisal for both Purchase and Refinance Title Work paid for on Refinances Only Owner Occupied - Purchase or Refinance $100,000 - $249,999 $250,000 - $499,999 $500,000 - $750,000 5/ % 4.35% 4.20% 10/ % 4.84% 5.74% 15/ % 4.50% 4.44% 10/ % 4.38% 4.28% Investor Purchase - (Refinance add.25%) $100,000 - $249,999 $250,000 - $499,999 $500,000 - $750,000 5/ % 4.60% 4.45% 10/ % 5.09% 4.99% 15/ % 4.75% 4.69% 10/ % 4.63% 4.53% Eligible Properties Multi-Family (5+ units), Mixed-Use, Office Buildings, Retail, Warehouse, Light Industrial (no heavy Industrial), Office Condominium, Auto repair, Auto Sales, Convenience Store, Convalescent Home, Assisted Living Facility, Health Club or Gym, Gas Stations <10 years old, Self-Storage, Daycare or Preschool, Nursery (horticulture), Theatre, Cold Storage Warehouse, Veterinary Hospital, Ice Skating Rink, Restaurant. Ineligible Properties 1-4 unit dwelling, non-profit owned, dry cleaning plants, time-share properties, mobile home/rv parks, heavy industrial, agricultural/forestry/orchards/farms, auto wrecking/auto salvage yards, hospitality (hotels, motels, B&B), vacant buildings (must be 80% occupied), gas stations >10 years old, vacant/undeveloped land, new construction, properties listed for sale, outside of the U.S., or on more than 40 acres, and chemical plants. Preliminary Review/Submission Check List 1. Brief loan request write-up with dollar request, LTV, property type, why needed, mid credit score, cash-out purpose or any issues. 2. Borrower can pull own 3 credit score report from or any other internet service that is no older than 60 days. 3. Personal Financial Statement on all Borrower(s). 4. Borrower's complete Federal Tax Returns for recent (2) two years both business and personal with all Schedules including K-1s. 5. For Investor Purchase the most recent (2) two years schedules of property or historical operating statements (P&L s). 6. If Owner/User: Interim Business Financials (Income Statement & Balance Sheet) no older than 90 days. 7. If Investor: Subject Property Operating Statement YTD If Investor: Current Rent Roll. Lease copies can come later. 8. Loan Registration. 9. Executive Summary. 10. Photos of the outside four sides of the Property with one front Show Picture attachments to prequal@sbaclc.com. Please do not put all docs into one long attachment. Break them out and label them. Several s with attachments are OK. Page 2 of 16

3 Portfolio Program $1 million to $10 million Nationwide in cities with population 25K+ Rates Multifamily, Office, Industrial, Retail and Self Storage 3.41%, 3 yr fixed/hybrid with 30 yr amortization 4.08%, 5 yr fixed/hybrid with 30 yr amortization 4.51%, 7 yr fixed/hybrid with 30 yr amortization 4.95% 10 yr fixed/hybrid with 30 yr amortization 75% LTV Multifamily 70% LTV Office Industrial Retail Self Storage Non-Recourse available if <= 65% Minimum mid credit score 660+ Low Closing Costs (In-House Legal) No Impounds or Reserves Pre-Payment Penalty - Step Down 3 years years years years Page 3 of 16

4 Just Missed Bank Portfolio Program $200K to $5 million Loan Amounts: $200,000 to $5,000,000 MF & MXD USE (>50% Res) MXD USE OFF, RET, LT IND, SS, MHP Programs Term AM LTV / DCR <50% Year Hybrid % % <50% Year Hybrid % % <50% Year Hybrid % % <50% Year Hybrid % % <50% year Fixed % % Program Guidelines Property Types: Multifamily 5+ units (NJ - <7 units must be NOO), Mobile Home Parks, Mixed Use, Office, Retail, Lt Industrial, Self-Storage Lending Areas: Nationwide except - AK, ND, SD (Emphasis Top 120 MSA's) Min. Credit Score: Generally 650 (<650 case-by-case) Index: 6-Mo. LIBOR Personal Recourse: Required Margin: 4.00% Rate Buy down: Reduce rate by 0.250% for 1.00% cost add Rate Caps: 1.00% initial, 1.00% per 6 mos., 6.00% lifetime Rate Lock: Rates not locked until Loan Docs are drawn Floor: Initial Rate Loan Fee: 1.50% (0.50% cost reduction for 0.250% add to rate) Prepayment: 5, 5, 5, 5, 5 (Step Down add.50% to rate) Loan Fee covers processing, underwriting and docs Loan Amounts: $500,000 to $5,000,000 MF MXD USE, MHP OFF, RET, LT IND, SS Programs Term AM LTV / DCR Up to <50% Year Hybrid % % Up to <50% Year Hybrid % % Up to <50% Year Hybrid % % Program Guidelines Property Types: Multifamily 5+ units (NJ - <7 units must be NOO), Mobile Home Parks, Mixed Use, Office, Retail, Lt Industrial, Self-Storage Lending Areas: Nationwide top 120 MSAs except - AK, ND, SD Amortization: Subject to Remaining Economic Life Index: 6-Mo. LIBOR Prepayment: Step Down: Ex. 3,2,1 / 4,3,2,1 / 5,4,3,2,1 Margin: MF 2.00% % / Other properties % Min. Credit Score: Generally 700+ (Global Cash Flow analysis required) Rate Caps: 2.00% initial, 1.00% per 6 mos., 5.00% lifetime Personal Recourse: Required Floor: Initial Rate Loan Cost: up to $1.49MM %, $1.5MM to $2.99MM - 1.0%, $3MM % Note: Add 0.125% to rates shown above for loans under $1,500,000 Loan Fees: No Processing or Underwriting Fees charged Page 4 of 16

5 Commercial Lending Corporation Is the Lender for this Loan Program Small Bridge Portfolio Program $100,000 to $2 million Available in primary and secondary metropolitan markets with solid economic characteristics (industry, employment, government, housing statistics, real estate demand, and other identifiable factors). Unavailable in the following States: AZ, CA and NV Rate Range: 8% to 12% LTV Range: 65% to 70% LTV Seller Carry Back 2nd mortgage: Up to 10% Loan Terms: 1 to 5 yrs Interest only or 1 to 5 yrs fixed rate with 30 year amortization Property types include but aren't limited to: Single or multifamily residential. For investment purposes only. Manufactured and RV home parks Retail and/or office Mixed-use multi-purpose commercial or commercial/residential Self-storage facilities warehouse - Industrial - light manufacturing Automotive oriented property Restaurants/taverns/pubs (selectively) Special purpose properties considered selectively with a combination of compensating factors, such as LTVs under 50%, excellent location, and/or strong credit and financial strength demonstrated by the Borrower. Types may include: Hotels, motels, and other hospitality oriented property Golf courses or other resort property Churches, Synagogues and other non-profit properties Page 5 of 16

6 Multifamily 5+ Units, Mixed Use & Mobile Home Parks $600K to $100 million - Available Nationwide 5 Yrs Fixed Balloon RATES Min DSCR Max LTV Amortization $600K - $2.99MM $3 million Yield Maintenance. PPP 4.5 Yrs % % % Yrs Fixed Balloon RATES Min DSCR Max LTV Amortization $600K - $2.99MM $3 million Yield Maintenance PPP 6.5 Yrs % % % Yrs Fixed Balloon RATES Min DSCR Max LTV Amortization $600K - $2.99MM $3 million Yield Maintenance PPP 9.5 Yrs % % % Yrs Fixed Balloon RATES Min DSCR Max LTV Amortization 600K - $2.99MM $3 million Yield Maintenance PPP 14.5 Yrs % % % Yrs Fixed RATES Min DSCR Max LTV Amortization $1MM - $2.99MM $3 million Yield Maintenance PPP 15 Yrs % % % Underwriting Highlights $600K to $100 million available nationwide LTV: Maximum 80% for Purchase, Rate/Term and 75% Cash Out Refinances Credit Score: Middle Score 621+ with loan over $5 million mid score for loans below $5 million Construction / Rehab Operating History Need: Required 12 months of stabilized operating history to underwrite a deal coming off construction or substantial rehab (where occupancy fell below stabilization for an extended period) Occupancy Requirements: Minimum 90%+ for minimum of 90 days Borrower Net Worth: Must be equal to the loan amount Liquidity and Net Worth: Borrower must show 10% liquid of the loan request and a net worth equal to the loan amount Third Party Reports: We order appraisal. Borrower orders title work and sets up escrow if applicable DSCR: Minimum Debt Service Coverage Ratio is Non-Recourse: Available with all programs Seasoning for Cash Out Refi s using Appraised Value: 12 months Non-Profit Borrowing Entities: Allowed Mixed Use: Multifamily and 20% retail/commercial component Manufactured Home Parks: Allowed Non recourse self directed IRA borrowers: Are allowed and are assumable Page 6 of 16

7 Stated Portfolio Program $100K $5 Million Nationwide Cash Out Allowed for Any Reason No Tax Returns, No W-2 s Class I 75% LTV 5+ Unit Multifamily & Mixed-Use Class II 70% LTV Office, Retail, Warehouse, Self-Storage, Automotive Service (no gas stations) 80% CLTV Max 3 year rates range from 9.50% 8 year rates range from 10.50% 30 year fully amortizing Loans < $750K add.50% to above Rates No Balloon - Rolls to an ARM 6 MO LIBOR plus 5% Rates are Based on Credit Score, LTV and Property Type Purchase Refinance Cash out Refinance Class I: Multifamily (5+ units) & Mixed Use Class II: Office, Retail, Warehouse, Self Storage, Mobile Home Parks, Automotive services Note: No Office Condos at this time 1st Time Buyer, Investor Reduce maximum LTV by 5% PPP: 3 years - 5,5,5 and 8 years - 5,5,5,5,5 Loans and PPPs are assumable for 1% at discretion of Lender Class I 1.20 Class II 1.30 Mid Score: 650+ Population Property must be located in a town of 100,000 or more or be 5,000 or more and within 25 miles of a town with 100,000 or more. Not available in IL, MI, ND, SD, TN and VT Page 7 of 16

8 Non-Recourse, Recourse and Foreign Nationals Programs $500K to $10 million Foreign Nationals non-recourse to 65% max LTV Available in the following States: AZ, CA, CO, CT, DE, DC, FL, GA, IL, MD, MA, MN, NH, NJ, NY, NC, OR, PA, RI, SC, TX, UT, VA, WA BRIDGE APARTMENT INVESTMENT OWNER USER Rates 10% to 12% 5.25% to 7.5% 5.5% to 7.75% 5.00% to 7.375% Loan Size $1 to $10 Million $500k to $10 Million $500k to $10 Million $500k to $5 Million Terms 2 & 3 Year Fixed 5 Year Balloon 7 Year Balloon 10 Year Balloon 5 Year I/0 + 5 Year Fixed 5 Year Balloon 7 Year Balloon 10 Year Balloon 5 Year I/0 + 5 Year Fixed 10 Year Fixed 25 Year Fixed Leverage Up to 75% Cost Up to 75% Value Up to 75% Value Up to 90% Minimum FICO 620 Min, 680 Average 620 Min, 680 Average 620 Min, 680 Average 620 Min, 680 Average Nonrecourse Nonrecourse Available Nonrecourse Available Nonrecourse Available Full Recourse Prepayment Step Down Prepay, Flat Prepay, YM Step Down Prepay, Flat Prepay, YM Step Down Prepay, Flat Prepay, YM Step Down Prepay, Flat Prepay, YM Debt Service N/A 1.20x 1.25x 1.20x Global Amortization Interest Only Interest Only 15, 20, 25 & 30 Interest Only 15, 20, 25 & 30 15, 20 & 25 Origination & Application Fees $2000-$7500 Application Fee, Plus Appraisal & Any Third-Party Costs $2000-$7500 Application Fee, Plus Appraisal & Any Third-Party Costs $2000-$7500 Application Fee, Plus Appraisal & Any Third-Party Costs $2000-$3000 Application Fee, Plus Appraisal & Any Third-Party Costs Property Types Multifamily, Office, Retail, Industrial, Self Storage, Credit Tenants, Mixed Use 5+ Units Office, Retail, Industrial, Self Storage, Credit Tenants, Mixed Use Office, Retail, Industrial, Self Storage, Credit Tenants, Mixed Use This program will not entertain the following loan types: Gas Stations/Car Washes, Hotels/Motels, Inns/Bed & Breakfasts, Day Care (unless it is a tenant in a retail center and the space occupied by all ineligible types, including a day care, is less than 25% of the total property), K-12 Grade Schools, Rest Homes/Assisted Living Facilities/Overnight Stay Medical Facilities, Restaurants (unless it is a tenant in a retail center and the space occupied by ineligible types, including a restaurant, is less than 25% of the total property), Churches/Houses of Worship, Land, Prisons/Correctional Facilities, Marinas/Campgrounds/Bowling Alleys/Recreational Facilities, Timeshares/Co-ops, any properties where the owner lives on-site, or ground-up construction. Page 8 of 16

9 SBA 7(a) Finances land and building, renovations and new construction, working capital, machinery and equipment, furniture and fixtures, leasehold improvements and debt refinancing. $250K to $5 million Small business term loans for the following uses and purposes: Owner occupied real estate purchases Equipment purchases Business Acquisitions - Franchises Partner buy-outs Permanent working capital Furniture, fixtures and leasehold improvements Refinance existing debt Bowling Alleys Restaurants Gas Stations Hotels/Motels Term: Rates: Fixed Rate: 7 to 25 years fully amortizing (limited to cash flow) 5.75% to 6.00% (prime over spread adjusts quarterly) 7.24% 25 years Fixed offered for non specialty properties Tier I Multi-Use - max 90% LTV Industrial, Manufacturing, Office Buildings, Office Condo, Single Tenant Medical Office, Medical Condo, Retail, Anchored Strip Malls, Office/Warehouse Tier II Semi-Generic - max 80% CLTV Automotive Service, Grocery Stores, Funeral Homes, Tire and Brake Centers Tier II Special Use - max 75% CLTV Airplane Hangers (fee simple only), Assisted Living, Oil/Lube Centers, Bowling Alleys, Restaurants (Select Fast Food No Sit Down),School/Day Care, Self-Storage Prepayment None on loans less than 15 years; step down 5,3,1 for loans more than 15 Penalty years Fees: Can be rolled into loan; amount depends on guaranteed portion of loan Origination: 1% paid to Broker Credit Score: 680+ Guaranty: All 20% or greater owners Collateral: Business assets; personal assets as necessary If the collateral involved is not sufficient and/or if deemed necessary we collateralize the borrower s residence. Page 9 of 16

10 SBA 504 This is a fixed rate, long term program small businesses can use to purchase fixed assets, including land and improvements, new facilities, existing buildings, machinery and equipment. The American Recovery and Reinvestment Act of 2009 made some permanent changes to the 504 program including allowing borrowers to refinance existing debt. $500K to $10 million Purchase to Maximum 90% LTV and Doctor s to 100% Owner Occupied (50%+), Owner User Properties Gas Stations, Office Warehouses, Office Condos, Child Day Care, Hotels/Motels, Liquor Stores, Franchised Restaurant and Assisted Living We ll consider any real estate transaction that is 50% Owner Occupied Purchase ONLY No Refinances No ground lease No Balloon Payment 650+ mid score Fixed Rate loans available to 90% LTV depending on property type 20 or 25 Years Term with 20 or 25 Years Amortization depending on property type Rates and Terms Programs Adjustment Multi-Use Semi Generic Special Use Prime Plus - Quarterly Adjustable Quarterly 3.25% 4.25% 4.50% 3 Yr LIBOR Swap - 3 Year Adjustable Every 3 years 3.70% 4.70% 4.95% 5 Yr LIBOR Swap - 5 Year Adjustable Every 5 years 4.33% 5.33% 5.58% 7 Yr LIBOR Swap - 7 Year Adjustable Every 7 years 4.71% 5.71% 5.96% 10 Yr LIBOR Swap - 10 Year Adjustable Year 10** 5.06% N/A N/A **After 10 yrs the rate adjusts every five yrs at the 5 yr Swap plus the same original spread. Estimated CDC Second Mortgage up to 40% LTV Rates 10 years fixed 3.40%. 20 years fixed 4.22%. Pre-Payment Penalty Yield Maintenance: 10 year declining starts around 7% and goes down evenly (about.8%) per year Page 10 of 16

11 Investor & Owner Occupied $200K to $10 million Seller Carry Back or Other Second Allowed up to 20% Minimum DSCR % Loan Assumability Minimum 80%+ Occupancy Stabilized for min of 12 months Minimum Score 650+ Term/Amortization 20/20 Investor or 25/25 Owner Occupied - No Balloon Payment Up to 15% Seller Carry Back 2 nd Mortgage Allowed Tier I Multi-Use - $200K to $4 million 65% LTV or max 80% CLTV Industrial, Manufacturing, Office Buildings, Office Condo, Single Tenant Medical Office, Medical Condo, Retail, Anchored Strip Malls, Office/Warehouse Tier II Semi-Generic - $200K to $3 million 60% LTV or max 80% CLTV Automotive Service, Grocery Stores, Funeral Homes, Tire and Brake Centers Tier II Special Use - $200K to $3 million 55% LTV or max 75% CLTV Airplane Hangers (fee simple only), Assisted Living Oil/Lube Centers, Bowling Alleys, Restaurants (Select Fast Food No Sit Down),School/Day Care, Self-Storage Rates and Terms Programs Adjustment Multi-Use Semi Generic Special Use Prime Plus - Quarterly Adjustable Quarterly 3.25% 4.25% 4.50% 3 Yr LIBOR Swap - 3 Year Adjustable Every 3 years 3.70% 4.70% 4.95% 5 Yr LIBOR Swap - 5 Year Adjustable Every 5 years 4.33% 5.33% 5.58% 7 Yr LIBOR Swap - 7 Year Adjustable Every 7 years 4.71% 5.71% 5.96% 10 Yr LIBOR Swap - 10 Year Adjustable Year 10** 5.06% N/A N/A **After 10 yrs the rate adjusts every five yrs at the 5 yr Swap plus the same original spread. NOTES: 1) Borrower may make additional principal reductions without penalty up to 20% of the original note balance annually 2) Rate locks beyond 30 days are available up to 60 days with a deposit of $3,500 or.75% of the permanent loan amt 3) Floor Rate: Fixed 6.25% 4) No ground leases 5) Recast At no cost rate is rolled over to new recast fixed rate based on fixed 1, 3 or 5 year LIBOR Swap index plus a margin. Borrower can eventually own the property with one closing. 6) Refinances of owner occupied add 0.25% to the rate on all Tiers. 7) Rate buy downs available. Reduce rate.25% for 1.00% fee of loan amount. 8) Cash-out refinances: In the current market, pulling cash-out of a property is difficult, particularly if we are at our top LTVs of 50-60%. Paying off a lot of personal debt for the principals/company just to have it transferred to our loan isn t viewed as the best use for cash. That said, we can consider cash-out to purchase another property; purchasing equipment with a long economic life for the subject property or cash for improvements to the subject property may all be OK if we control the funds in escrow. Further, we seldom give cash-out on any investment property held less than 5 years in the current market. 9) Not lending in the following States: Alabama, Florida, Indiana, Louisiana, Maine, Massachusetts, Michigan, Mississippi, New Jersey, Northern Ohio, and Oklahoma Page 11 of 16

12 Small Hotel/Motel Program $350K to $4 million Available Nationwide Purchases and Refinances Non Flagged Hotels/Motels are Acceptable LTV: Rates: Terms: Prepay Penalty: Origination: 75% Max 7.50% to 8.25% Rate 10 year Fixed 20 year Amortization 5 Year Prepay 1% paid to brokers Credit Score: 680+ Guaranty: All 20% or greater owners We look at every loan on a case by case basis and can accept exterior properties as well as independents. Page 12 of 16

13 Non-Recourse Commercial First Mortgages $3 million to $50 million Fixed Rate with 30 yr amortizations!!! 5 year and 10 year Fixed Rates range between 4.50% and 5.00% Hotels, Office, Retail, Industrial, Self Storage, Multifamily, Mixed Use, and Mobile Home Parks Loan to Value Ratio Multifamily - up to 80% LTV Hotels up to 70% LTV All Other Property Types up to 75% LTV DSCR 1.25x minimum Interest Rate Fixed rate based off of the applicable swap curve on an Actual/360 basis Amortization 30 year amortization (shorter terms may be required based on underwriting of the loan) Recourse Non-recourse loans with industry standard carve-out provisions for bad boy acts Reserves Taxes, insurance, tenant improvements, leasing commissions and replacement reserves, as applicable Page 13 of 16

14 Bond Structured Financing Bond financing is a funding mechanism for large commercial real estate projects and features loans based upon rated securities. For A properties secured by letters of credit (LOC) which provide the credit enhancement for an A or better rating. Bonds access funds from private and institutional investors through the sale of a security. Due to the lower floater interest rates, the underwriting risk of our Investment Banker s bond guidelines can be more flexible than Banks, the CMBS market, Insurance Companies, Pension Funds or any other conventional lenders which feature higher interest rates and debt service. Features: $8 million and above loan amounts Western U.S. primarily, and nationwide considered on a case-by-case basis Purchases, Refinances and Construction/Perm loans Up to 100% financing for tax exempt borrowers Multifamily, Senior Housing, Student Housing, Assisted Living, Charter Schools Tax exempt bonds for municipalities, public related service providers and hospitals Funds just missed FNMA, FHLMC and FHA/HUD loans Basic Underwriting Guidelines: 75% LTV (Stabilized value for construction projects) Typically 85% LTC 1.10X DSCR at the underwriting capped interest rate using a 30-year amortization To submit for review: Initially, we need adequate detailed information to create an executive underwriting summary about the borrower and project for our executive committee s review so that an expression of interest can be determined concerning the merits of the financing request and possible future relationship business. The list below is a guideline to follow. If we move forward with your request, a thorough underwriting package will be required. Page 14 of 16

15 Hedge Fund Program Bridge, Turn-Around and Stabilization Loan Amounts: $15 million - $550 million Loan Term: 2-6 years Recourse: Typically, most deals are recourse deals. Prepayment: Loans generally may be prepaid at any time after 2 years without penalty. Prepayment penalties may be required for shorter terms. Loan to Value: Loan amounts can be up to 75% of the Bank s approved appraised value. Loan Rates: Rates start at Wall Street Journal Prime + 3%, 6.25% depending on the collateral type and risk. Loans are generally interest only and highly leveraged loans may contain an equity kicker or additional fees. Loan Collateral: Land, land development loans and other property types (e.g., hotels and special purpose properties) whose special circumstances disqualify them from lowest-rate financing. Can be used as a bridge loan on traditional multi-family, retail and office properties that need to be turnedaround before they can qualify for conventional loan underwriting. Construction: Considered in Texas. Loan Flexibility: We strive to tailor a loan structure to fit your deal, unlike so many other institutions that require your deal to fit their structure. Page 15 of 16

16 Program #1 Construction, Rehabilitation, Mini-Perm, Perms Bridge, Mezzanine, Equity Construction, Renovation/Repositioning, Mini Perm and Perms $1 million to $100 million, LTV up to 80%, LTC up to 100%, Min DSCR 1.15x Multi Family, Retail, Office, Hotel and Industrial/Warehouse Low credit scores acceptable with LOE Full Recourse loans with the exception of public companies Equity recapture based on appraised values Land acquisition and development Term loans, Bridge loans, Non-recourse debt Office, Retail (strip center to big box), Hospitality (full to limited service) Industrial (manufacturing to heavy industry), Warehouse, Special Purpose Facilities (recreational, ethanol production, airplane hangers) Mixed Use Projects, Residential (multi-family, condominium, and co-ops) Health Care (senior housing, assisted living, and health clinics) Land Development (residential, commercial, and recreational) Program #2 Bridge, Mezzanine and Preferred Equity Prefer $10 million and up will consider down to $8 million Bridge, Mezzanine, Preferred Equity, 80-90% LTC/LTV sometimes higher Multi Family, Retail, Office, Hotel and Industrial/Warehouse Note purchases, REO's, distressed and non-distressed assets. Financing of note purchases. Terms no longer than 3 years Sorry No Land and No Construction with this program Program #3 Developer Equity Land Lease Purchase Minimum Loan Amount $15 million + Purchase, Refinance, Rehabilitation, Repositioning 35% - 40% of completed stabilized value 6% of purchase price plus 2% annual increases Less Expensive than Mezzanine or Private Equity Funding Property Types - retail, office, industrial, hospitality, casino and residential. Through our innovative program, property owners monetize a very large proportion of total asset value at a very compressed capitalization rate. Sorry no Construction with this program. Page 16 of 16