SF Mortgage Lenders | commercial mortgage lenders, hard equity lenders in South Florida

October 2006 - Program 2

Property Type	Credit	30 Year adjustable 2 yr fixed	30 Year adjustable 3 yr fixed	30 Year adjustable 5 Yr Fixed	LTV C/O Re-Fi	LTV Purchase	Margin Six Month Libor Plus
Multifamily	675 or higher	8.05%	8.15%	8.25%	75-80%	75-80%	5.00
	650 – 675	8.30%	8.40%	8.50%	75%	75%	5.00
	625-650	8.55%	8.65%	8.75%	75%	75%	5.00
	600-625	8.8%	8.9%	8.99%	70%	70%	5.00
Office, Retail, Warehouse, mixed use property ** Mixed use at least 50% must be apts.	675 or higher	8.15%	8.25%	8.35%	75%	75%	5.00
	650 – 675	8.40%	8.50%	8.60%	75%	75%	5.00
	625-650	8.65%	8.75%	8.85%	75%	75%	5.00
	600-625	8.90%	8.99%	9.10%	70%	70%	5.00
RATES AND TERMS SUBJECT TO CHANGE DAILY WITHOUT NOTICE

Credit Criteria: No Bankruptcy/Foreclosure - Last 5 Years ▪ No Outstanding Judgments ▪ VOE/CPA (Self Employed) Required

Loan Size: ▪ Max Loan - $3,000,000

Terms: Loan term is 30 years. All loans adjust every year after expiration of initial fixed period and readjust to margins stated above for each credit category.

Index: Six Month Libor. Amortization: All loans amortize over 30 years.

Debt Service: Multifamily and mixed use 1.20, all other 1.25

Prepayment penalties. Penalty is 10% for length of fixed period.

Options- Rate Adjustments

1. + 50 basis points single tenant building 2. +25 basis points for reducing margin over Libor from 5% to 4%

3. + 25 basis points for selecting 80% LTV option for multifamily 4. +25 basis points owner occupied

5. +50 basis points for reducing prepay to 5% for fixed period