Acquisition, Construction, Restructuring and Refinancing

LOAN AMOUNT: $1,000,000 and up

BORROWER: Management and/or ownership should be experienced. Past or present credit problems, including Chapter 11 or Chapter 7 bankruptcies are workable.

LOAN TERM: 1 to 5 years, interest only.

PREPAYMENTS: Loans may be prepaid at any time after the first anniversary of the loan with no prepayment penalties.

NTEREST RATE: A preferred interest rate typically priced at 12% to 15%.

COLLATERAL: Pledge of the stock of the borrowing entity, second mortgage on the real estate (if permissible), improvements and equipment. Office, recreational, medical, warehousing, manufacturing, hospitality (hotels/motels) or industrial properties. Typically income producing, located anywhere in the USA and in select countries around the world.

L-T-V RATIO: Up to 90% of the As-Is Value by independent third party MAI appraisalwhen combined with the first mortgage.¹

DSC RATIO: Typically, a minimum of 2.0 of Excess Cash ² over mezzanine debt service.

USE OF LOAN: Proceeds may be used for land development, real estate acquisition, construction costs, equipment, working capital, closing costs, cash-out, etc..

PROCESSING: Approvals within 24 hours, commitments within 48 hours, and closings in as little as 14 business days.

EXIT FEE: In lieu of equity, a fee of 5% to 10% of the loan amount.

OTHER FEES & COSTS: Application Fee: $10,000 - $25,000 -- NON-REFUNDABLE if Loan Commitment is in compliance with lender’s Letter of Interest.

Commitment Fee: 3% of Loan Amount.

SUBMISSIONS: Property and area description • Three years operating statements • Sources and use of proceeds statement • Information on existing debt • Borrower’s financial statements • Schedule of all proposed capital expenditures • Appraisal, if available

¹ As-Is Value defined as a cash sale within a 180-day marketing period
² Excess cash: NOI – 1st mortgage debt service