Private Money Financing LOAN PROGRAMS Nationwide

Transcription

1 Private Mney Financing LOAN PROGRAMS Natinwide 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 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

2 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 infrmatin belw prvides a general utline f ur jint venture/preferred equity prgram. 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

3 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 Prjects 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 Prperty Lcatins We wrk n prjects in all 50 states as well as internatinally Deal Size $10,000,000 t $1 Billin+ Hlding Perids 1 5 Years. Prject duratins will affect risk adjustments in pricing Investment Amunts Amunts up t 100% financing Target Prfit Participatin Depending n prject dynamics, spnsr suitability and deal structure lender will target between 25% and 75% prfit participatin Cde: VETJV106Nw

4 PROGRAM 3 Equity Participatin Capital can be arranged fr equity financing accrding t the fllwing underwriting guidelines: Eligible Prjects 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 Prperty Lcatins All 50 states and internatinally Minimum Deal Size $2.0M Hlding Perids 1 5 Years. Prject duratins will affect risk adjustments in pricing Investment Amunts 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

5 PROGRAM 4 Jint venture equity, preferred equity, mezzanine debt, and participating debt t qualified perating partners fr acquisitin, repsitining, develpment, nte purchases, r recapitalizatin f cmmercial and residential real estate. General investment parameters: Transactin Size: Up t $50,000,000 Investment Amunt: Up t $8,000,000 Investment Percent: Up t 100% f required equity capital Investment Hrizn: Up t 8 years Preferred Return: 9% t 15% Operating Partner Prmte: Reflects prject characteristics Investment Lcatin: Western United States Prduct Type: All Prduct Types Investment Type: Value Add Acquisitin Recapitalizatin Bank Nte Purchase Sale Leaseback Repsitining Grund up Develpment Cde: HCNW8989 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

6 PROGRAM 2 Mney is available t lend fr regardless the stage f develpment. We have ver 30 years f cmbined cmmercial land financing experience. There are very few banks lending fr cmmercial land but, we are! Sme prducts ffered include: Speed We will give yu a quick answer with expeditius clsing times NO r Alternative dcumentatin NO Pre Payment Penalties Crss cllateralizatin Interest nly financing ptins Mney deplyed n Cmmercial Lts can be used fr the acquisitin, refinance, r cash ut. Cmmercial Land Qualified Prperty Type Lan Types Lending Area Raw land Cmmercial Un Entitled land Entitled land PUD Mixed use develpments Hrizntal Cnstructin Vacant land Paper lts TIFS Purchase, Refinance, Cash Out, DPO, Freclsure preventin, Bank Wrk Out, Stalled Sub divisins Cmmercial Land Financing is available tday! Hawaii, Oregn Clrad Utah New Mexic Califrnia Arizna Nevada Flrida Idah Oregn, Flrida and ther markets cnsidered Natinwide. Min Max Lan Amunt $500,000 t $20,000,000 Term Interest Amrtizatin Maximum LTV Lien Psitin Prepayment Penalty Minimum Credit Scre Originatin Fee Exit Fee 12 t 36 mnths 6% t 13% Interest Only Fully amrtized cmmercial land lan is als available Interest Only Interest reserve (n mnthly payment) Typically 30 50% as is value bases upn an appraisal 1 st Lien nly Typically Nne Nne Pricing will be related t the verall risk 1% 5% f the lan amunt Depends n the cmmercial land lan prgram. 0% is typical Due Diligence Fee/Depsit Brrwer is respnsible fr all third party reprt fees. Typical range $3,500 $9,500 after written apprval. Clsing Timeframe 3 weeks give r take a few days is typical Cde: LDCLM4477

7 PROGRAM 3 Residential Develpment Subdivisin Financing fr Lts If yu are wrking n ne r many residential land develpments mney can be available fr the cntinuatin f yur prject s lng as there's substantial up side remaining r lw leverage cntained within the residential r cllateral. Swift Refinances NO individual Single Family Hmes (SFR) Used fr the infrastructure r hrizntal imprvements Majr markets Infill lcatins Suburban Full Incme Stated Hard Mney Private mney lender slutins Land financing is available fr several types f prperties including stalled sub divisins, bank wned prperties, entitled lts, and paper lts. We wrk with gd and bad credit brrwers. Full incme and nn traditinal bank lender lans are ffered. Mney deplyed n residential building lts can be used fr the acquisitin, refinance, r cash ut. Qualified Prperty Type: Residential Sub divisins Raw land Un Entitled land Entitled land PUD Mixed use develpments Vacant land Paper lts TIFS Lan Type: Purchase, Refinance, Cash Out, DPO, Freclsure preventin, Bank Wrk Out, Stalled Residential Sub divisins Lending Area: Gergia, Texas Utah New Mexic Califrnia Arizna Nevada Flrida Idah Oregn, Flrida, Carlina and ther markets cnsidered Natinwide. Min Max Lan Amunt: $500,000 t $20,000,000 Term: Interest: Amrtizatin: Maximum LTV Lien Psitin Prepayment Penalty: Minimum Credit Scre 6 t 36 mnths 6% t 13% Interest Only Full Principal & Interest available Interest Only Interest reserve (n mnthly payment) Typically 30 50% as is value bases upn an appraisal 1 st Lien nly Typically Nne Nne Pricing will be related t the verall risk Originatin Fee 2% 5% f the lan amunt Exit Fee 0% is typical Due Diligence Fee/Depsit Brrwer is respnsible fr all third party reprt fees. Typical range $3,500 $9,500 after written apprval. Clsing Timeframe 3 weeks give r take a few days is typical Submissin Dcuments Executive summary f the Residential Sub divisin Plan Aerial Phts r existing appraisal Surces and uses Purchase cntract r LOI if acquisitin PFS and idea f credit Exit Strategy Hw the lan will be re paid Cde: LDCLM4488

8 CONVENTIONAL CONSTRUCTION FINANCING 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

9 HOTELS FINANCING Bridge Financing Shrt t medium term capital fr htel acquisitins and recapitalizatins f existing assets. Ideal fr transitinal, nn stabilized assets with a value add cmpnent r situatins where a quick clsing with surety f executin is needed. Nte Financing 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. Discunted Payff (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 Mrtgage Bridge Lan Prgram 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

10 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

11 PROGRAM 3 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. Cde: THLHLWLDW1 PROGRAM 4 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

12 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

13 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

14 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 Eligible Prperty Types: Multi family Apartments Grcery Anchred Retail Shpping Centers Mixed Use CBD Office Suburban Office Medical Office Student Husing Warehuses / Distributin / Flex Flagged Htels Parking Garage Self Strage Cnd Unit Inventry Lans Gegraphy (Tier 1 Markets in US) Multi family anywhere in USA New Yrk City New Yrk Metr Bstn Philadelphia Washingtn DC Atlanta Austin Charltte Chicag Dallas Denver Hustn Ls Angeles Miami Memphis Nashville Phenix Prtland San Dieg San Francisc Salt Lake City Seattle OTHER TIER 1 MARKETS WITH 500,000+ MSA CONSIDERED All First Mrtgages: Lan / Deal Sizes ($2,000,000 $30,000,000+) First Mrtgages Lan t Value Rati Up t 75% Interest Rate 10 14% Term 1 3 years Amrtizatin Interest Only Recurse Preferred Originatin Fee 2 3 Pints Exit Fee Nne Extensins Yes Extensin Fee 1/2 1 Pint Brrwing Entity Special Purpse Entity Purchasing Distressed Debt Lan t Value Rati Up t 75% Interest Rate TBD Term 1 5 Years Amrtizatin TBD Recurse TBD Originatin Fee 2 3 Pints Exit Fee Nne Extensins Yes Extensin Fee 1/2 1 Pint Brrwing Entity Special Purpse Entity Financing Third Parties Purchasing Distressed Debt Lan t Value Rati Up t 75% Interest Rate TBD Term 1 5 Years Amrtizatin TBD Recurse TBD Originatin Fee 2 3 Pints Exit Fee Nne Extensins Yes Extensin Fee 1/2 1 Pint Brrwing Entity Special Purpse Entity Cde: CAPD0044C

15 REHAB LOANS NATIONWIDE (Natinwide) 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 PROGRAM 2 NJ, NY, SOUTHWEST CT, EASTERN PA, MD, VA, AND D.C. We ffer Rehab, Cnstructin and Investr Lans Nn Owner Occupied, Investr Prperties Only We finance Distressed, REO, and Shrt Sale residential investr prperties We lend in NJ, NY, Suthwest CT, Eastern PA, MD, VA, and D.C. Quick Apprvals N Hidden Fees N Hassle Clsings Can clse in days Flexible, Reliable, Prfessinal and Fast

16 Shrt term, asset based lans, extended t real estate wners, investrs and builders. We have designed ur prcess t be fast, reliable, flexible and prfessinal. Als as a Direct Lender we are able t ffer lwer cst lans because there is n middle man invlved. Our brrwers typically use the brrwed funds t purchase and rehabilitate residential real estate in an attempt t sell the finished prperties at much higher prices. Standard lan is: fr ne year interest nly has n prepayment penalty Lans are secured by the residential real estate that is being purchased and/r renvated. We require lan t current value ratis, AT PURCHASE, f between 75% 80%. We als lend based n the After Repair Value (ARV) f the prperty. Our lans are based upn an ARV that is generally between 50% 65% depending upn the stability f the neighbrhd, where the prperty is lcated, and the experience f the brrwer. We als require persnal guarantees by ur brrwers and, in sme cases, their spuses. We fcus n persnal credit and cllateral underwriting that is geared t specific individual circumstances. We are just as interested in brrwer credit and character as cllateral sufficiency but we can and d exercise much mre flexibility and timeliness with respect t apprval and funding. Thus, while ur lans are higher in cst than traditinal bank lans, we are much quicker t qualify ur brrwers, value the purchased prperty and clse ur lans than banks are able t. Cde: LABLREO55 PROGRAM 3 VARIOUS STATES Prgram I Highlights Natinwide 100% Hard Mney and Clsing Csts Full Dc 9 Mnth Term N Pre Payment 700 Credit Scre and abve Rates Start at 9.5% Up t 70% ARV Can Clse in an Individual r Crprate Name This prgram is gd in: Illinis Chicag, Surrunding Suburbs Indiana Indianaplis Kansas Kansas City Missuri Kansas City and St. Luis New Yrk Buffal and Rchester Nrth Carlina Charltte, Raleigh, and Greensbr Ohi Cleveland, Clumbus, Cincinnati, Tled, and Daytn Pennsylvania Harrisburg, Pittsburgh, and Philadelphia Tennessee Nashville and Memphis Delaware New Jersey Suth Carlina In sme cases a 10 % depsit is required int escrw t be refunded when the lan is paid ff. The buyer purchasing the distressed asset r investment asset must live in the same area as the prject. N ut f state investrs allwed. T invest in freclsed prperties ut f the state in which yu live with 100% financing, please refer t Prgram II Rule f thumb fr cash assets $25,000 cash fr every $100,000 brrwed; and nt a lt f debt Cmmercial mney des nt reprt t credit bureaus Prgram II Highlights

17 Rehab Lending Buy r Refinance (Blanket Lans) REO's / Shrt Sales 1 4 Units Nn Owner N Pre Payment 600 Fic Abve This prgram is gd: Prgram III Highlights Chicag Hard Mney 2 4 Flats (West & Suth Side) 90 % Purchase & Rehab Csts 60 % LTV (After Repair Value) 6 Mnth Term 680 Fic and abve N Pre Payment N physical payment due during term f the lan Apprval in 24 hrs. / Clse in 14 Business day's Prgram IV Highlights Stated Incme / clse in 7 days Saving deals fr Realtrs and Investrs N appraisal needed (CMA inspectin) Great deals are hard t find dn t let them die Purchase nly / nn wner Lans amunts 50K t 400K Up t 6 mnth term We need the fllwing t issue a Letter f Credit: 1003 Mrtgage Applicatin Prperty address Credit reprt N incme dcuments needed We need the fllwing t draw dcs: Title Reprt Inspectin Purchase cntract r curthuse infrmatin Date yu need t clse Amunt needed fr dwn payment: 720 Fic 25% dwn 680 Fic 30% dwn 660 Fic 40% dwn N Rehab Mney Included Anything belw 660 credit scre is a case by case scenari N seasning required n dwn payment funds Cities: Chicag, Denver, Bise, Salt Lake City All clsings dne at a majr title cmpany with full disclsure f funding fees, cst and the terms f the nte All terms subject t available funds Brrwers must have clean credit and a strng exit strategy in place Cde: REOCIS851 PROGRAM 4 Fix and Flip Prgram Nw Natinwide! N minimum dwn payment N credit requirements 65% ARV lans up t 100% funding 1 4 unit rehabs (we will lend n larger rehabs (case by case) 3 12 mnths term $20k $250k (larger case by case) 12 15% interest nly Pints 5 10% (min fee applies n smaller lans) Quick Clsings! * Traditinal lans available * Rates as lw as 5% Purchase / Refi Rate/Term r Cash Out Rehab / Cnstructin Escrws ** Persnal & Business Lan Prgrams** Unsecured Persnal & Business LOC & Lans Minimum Credit 660 Business Cash Flw Lans (Minimum credit 500) N Cllateral N Financials (mst prgrams) Funding in 10 days Cde: SPBMHL01

18 BLANKET LOANS 50% 70% LTV Rates 10% 15% 6 12 Mnth Term Natinwide Quick Clsing! Natinwide Cde: SPBBMH02 PROGRAM 2 If yu are currently an investr with a prtfli f prperties, We ffer the nly true surce fr natinwide blanket mrtgages t refinance yu ut f any hard mney, expensive private mney, r t simply pull cash ut f yur prperties. Sme f the highlights are: Valid in all 50 states N gegraphic limitatins. 5 7% Interest rate Fixed Nn Recurse year amrtizatin with a year balln N appraisals needed (Just BPO's in mst cases) Cde: LBRUS325 PROGRAM 3 We fund the fllwing types f lans LOAN AMOUNTS $ONE MILLION UP TO $ONE BILLION Hard Mney Cmmercial Lans Private Mney Cmmercial Lans Bridge Lans Real Estate Flips (Investrs Only) Blanket Lans Apartment Lans Asset Based Lans Out f the Bx Lans Business Expansin Lans Business Factring Lans Cde: AUXNOHD

19 NATIONWIDE U.S. AND CANADA Lan Amunts: $1,000,000 $100,000,000 Prperty Type Rate Min. Max. Max LTV Lan Term Amrtizatin (Natinwide + Canada) 10yr Treasury + Spread BPS Spread Min DSCR (Years) (Years) Owner User Prperties: 5.75% 8.875% Fixed & Adjust.90% / , 15, 25 15, 25 Apartment / Multifamily: 5.25% 7.5% % / , 15, 35 30, 35 Healthcare / Senir Husing: 5.75% 7.76% % / , 35 30, 35 Cndminium Cnversins: 8.25% 9.74% LIBOR 80% / , 10 % Only, 30 Retail: Anchred: 5.25% 7.5% % / , 15 25, 30 Retail: Unanchred: 5.5% 8.0% % / , 15 25, 30 Mbile Hme Park: 5.375% 8.5% % / , 15 25, 30 Office / Medical Bldg.: 5.5% 8.25% % / , 15 25, 30 Industrial / Warehuse: 5.25% 8.5% % / , 15 25, 30 Self Strage: 5.5% 7.50% % / , 15 25, 30 Gas Statin / C Stre: 6.75% 8.75% % / , 25 20, 25 Mixed Used / Special Purpse: 6.5% 8.5% % / , 20 15, 20 Single Tenant,"NNN" 5.5% 7.5% % / , 15, 25 10, 15, 25 Htel / Mtel (full & limited): 6.55% 8.75% % / , 25 20, 25 Glf Curse / Resrt / Gaming: 6.5% 9.5% % / , 10 20, 25 Outlet Mall (Indr & Outdr): 5.9% 7.5% % / , 20 20, 25 Church / Synaggue: 6.92% 8.5% Fixed & Adjust.75 % / , 15 15, 25 Land Raw & Imprved: 10.50% 15.00% Interest Only 65 % / N/A 1, 3, 15 % Only, 15 Cnstructin 6.5% 11.5% Adj. Prime 90 % / , 3, % Only Bridge/Mezzanine Lans 10.0% 18.5% Adj. Prime 90 % / , 5, % Only, 10 The range f pricing is subject t the relatinship between DSCR, LTV, quality f real estate, & credit strength f the transactin. Rates and &terms are subject t change withut ntice. Private Equity Grup t ffer Bridge and Mezzanine financing fr ur clients. This lending prgram is designed t prvide financing fr real estate transactins where the brrwer needs t clse and fund quickly. Our financing expertise and creativity enables us t clse n equity based cmmercial bridge lans r shrt term cmmercial mrtgage financing in very shrt time frames. Clsings can ccur in as little as 5 15 days. Underwriting is based n the equity in the prperty and/r the prperty value. Prviding creative asset based lending fr a variety f pprtunities and needs including: purchases, refinances, repsitining, freclsure bailuts, and bank wrkuts. Prperty Types Multi family Office Retail Htels / Hspitality Mixed use Prperties Industrial/Warehuse Self Strage Histrical buildings Healthcare, Senir Husing & Nursing Hmes

20 Transactin Size $1,000,000 and larger LTV Bridge generally up t 65%, Mezzanine Generally up t 85% Lan Term 1 3 years. With up t 1 year extensins available. Interest Rates Rates vary by lan t value rati, debt service cverage, prperty type and underwriting risk. Anticipated Clsing Timeframe Within tw weeks r sner depending n satisfactry receipt f due diligence items. Initial Submissin Package ü ü ü ü ü ü Executive Summary with Prperty Descriptin Appraisal, if available Current rent rll and trailing 12 mnths incme and expense statement Operating histry prir 3 years, if available Current year perating budget Budget f any planned imprvements Existing debt details Brrwer and Key Principal resumes Cde: HOLEMNW1616 USA AND CANADA Hard Mney Lending / Sale and Leaseback / Canada and USA Lans frm $1,000,000 t $15,000,000 (real estate and cnstructin, we can exceed) Terms ranging frm 6 mnths t 36 mnths, n pre payment penalties Interest nly and in sme cases can be deferred N upfrnt fees Industry Manufacturing Cnstructin Real Estate Retailers and Distributrs Transprtatin Oil and Gas Types f Lans Bridge Lans Asset based Lans Mezzanine Finance Inventry Finance Refinancing Exit Lans Recapitalizatins Cde: FUNINCG77

21 NATIONWIDE Cmmercial Prperty Lans All types f incme prducing prperties are cnsidered with cmpetitive pricing and terms. We price and structure each lan based upn its merits using sund underwriting and a fair assessment f the prperty, t ensure ur brrwer gets the best terms available. Yu have cnnected t the premier natinwide cmmercial mrtgage lender prviding lans f $1,000,000 and up fr: Hspitality prperties Industrial prperties Mbile hme parks Mixed use prperties Multi family Office buildings Retail centers Single tenant and wner user Special purpse prperties We prvide the fllwing financing: Bridge lans Permanent lans Mezzanine debt Preferred equity Jint venture equity Healthcare Prperty Lans Actively financing all types f senir living facilities and specialty medical facilities. Healthcare real estate financing? We specialize in it. Yu have cnnected t the premier natinwide healthcare mrtgage lender prviding healthcare real estate lans f $1,000,000 and up fr: Assisted living facilities CCRC's Independent care facilities Skilled nursing facilities Medical ffice buildings Surgery centers Nt fr prfit hspitals Prprietary hspitals Senir Husing

22 We prvide the fllwing financing: Bridge lans Permanent lans Mezzanine debt Preferred equity Jint venture equity Mezzanine/Equity Financing We are active sub debt capital prvider f mezzanine debt and a prvider f equity fr incmeprducing prperties, prperties that are being repsitined, and prperties needing rehab r expansin. This financing vehicle is a "hybrid" f equity and debt, and used t expand a cmpany's liquidity r cmplete a real estate prject. We lk fr mezzanine pprtunities in all 50 states, and prefer transactins beginning at $5 millin (lwer amunts n a case by case basis nly). Equity Financing A higher leveraged financing ptin typically used when the existing senir lender prhibits subrdinated debt financing. Similar prperty types, lcatins, and sizes t ur mezzanine prgram, equity structure varies based upn the fllwing: Stabilized cash flwing prperties Repsitining r "value add" prperties Rehab/expansin Hard Mney Lans A direct surce f capital fr thse prperties that d nt qualify fr institutinal type financing fr ne reasn r anther. Therefre, ur pricing and csts vary and are custmized fr each lan. Our general parameters are as fllws: TERM: 1 5 years LENDING AREA: Natinwide AMORTIZATION: Interest Only LOAN TO VALUE: up t 70% LOAN AMOUNTS: $250,000 $25 millin INTEREST RATE: 8% 13% PREPAYMENT PENALTIES: Nne CASH OUT: Allwed Cde: DMHMEQ302

23 PRO ATHLETE LOANS A hard mney / private mney lan mdel that thrugh ur relatinships can riginate hard mney / private mney lans and present us as the trusted surce t help the prfessinal athletes with their financial needs. One f the mst diverse sprts hard mney / private lending platfrms available tday, permitting us t fund lans with flexible lending terms that ther rganizatins are unable t endrse. We give ideal rates and use creative financing n a variety f hard mney/private lans t ur clients. We base this all n individual circumstances. We prvide shrt term hard mney/private lans, custmized fr prfessinal athletes with signed player cntracts in the Natinal Basketball Assciatin (NBA), Natinal Ftball League (NFL), Majr League Baseball (MLB), Natinal Hckey League (NHL) and Majr League Sccer (MLS). Prfessinal athletes, business managers and financial advisrs are always welcme t discuss their specific hard mney/private mney financing needs. Once yu have reached ut t ur team f prfessinals, underwriting is cmpleted within tw three business days. Apprvals belw $250,000 can generally be funded inside f a week f final apprval. We ffer: Lans frm $50,000 t $5,000,000+ USD (Higher with specialized stipulatins) Easy Apprval Prcess Custmized Terms N Upfrnt Fees Quick Clsings A few f ur key differentiatrs are: Fair rates cmmensurate with the cllateral. Quick turn arund and funding Payff f ther high interest rate lans r mrtgages Fr a Fast Funding Applicatin yur name and cntact infrmatin t lester@gainfs.net r call us tday at ! We can als help retired and retiring athletes restructure their assets after the large paychecks and final days f their playing career. Mst prfessinal athletes and entertainers g frm having very little t enrmus wealth. A lt f them buy assets that banks dn t value, and when their cntracts end r they retire, they have t adjust their life style. We help with bridge lans against thse assets such as high end cars, jewelry, art, cllectables, and memrabilia. These bridge lans are designed t prvide instant cash while the athlete restructures their lifestyle. Cde: Athlete2034 Lester Bennett Gain Financial Services C (562) F (214) lester@gainfs.net Ca Brker Lic