Rates Quoted Below Include A 1% Origination Fee.

General Property Types
Loan Program	Owner-User		Investor
	Multi-Purpose	Special Purpose	Multi-Purpose	Special Purpose
Quarterly Adjustable	4.25%	4.75%	4.75%	5.00%
Annual Adjustable	4.50%	5.00%	5.00%	5.25%
Adjusts Every 5 Years	7.17%	7.67%	7.67%	7.92%
10 Year Fixed*	-	-	-	-
Notes:	Rates are for bank portion up to 65% LTV; SBA 2nd rate will be less & have a 20/20 amortization		75% max LTV multi-purpose, special purpose will be less.
	* 10 Yr. Fixed Adjustments:  Borrower may choose a Quarterly Adjustable based upon WSJ Prime OR a rolling 5 Year Fixed Adjustable based upon the 5 Yr. FHLB "Bullet" Index after the initial fixed period.  Borrower must choose an option before loan documents are drawn.

Hotel/Motel
Loan Program	Age
	<=10 Years	11 to 19 Yrs	>= 20 Years
Quarterly Adjustable	4.75%	5.00%	5.25%
Adjusts Every 5 Years	7.67%	7.92%	8.17%
Notes:	National franchise, limited service, interior corridor, 125 units or less, DSC>1.25 in most recent FYE & interim, positive/stable trends.		All other hotel properties.  Reduced LTV.

Multi-Family/Mobile Home Pks.				Construction to Perm
Loan Program	Rate	Pre-Pay Penalty		This program is available on Owner-User Properties ONLY
1 Year Adjustable	5.59%	3%, ... 1%		Construction Rate Range:
3 Year Fixed	6.95%	3%, ... 1%		5.00%	6.00%
5 Year Fixed	7.57%	5%, ... 1%		Permanent Loan
All programs:  DSC 1.15 to 1.2; 25/25 amortization; adjusts quarterly at 300 BP over 3 Mo. LIBOR after the fixed period; no life cap; no interim caps; rates shown are for loan amounts of $3MM or greater; add 50 BP to fee for loans of $1MM to $2.99MM; minimum loan of $750K.  Max LTV of 75%.  Yield Maintenance pre-pay option reduces rate, call for quote.  Rates quoted at PAR.				Choose "general property type" program above under "owner-user," borrower recieves market rate at conversion.  SBA 504 programs ONLY.  Rates quoted are at a 1 point cost.

Enhanced MultiFamily
Term	75% LTV/1.20 DCR	65% LTV/1.35 DCR	55% LTV/.55 DCR	Pre-Pay Penalty
5	6.34%	6.27%	6.21%	4.5 YM, then 1%
5	6.94%	6.87%	6.81%	5%, .., 1%
7	6.48%	6.41%	6.35%	6.5 YM, then 1%
7	6.92%	6.85%	6.79%	2 yr. LO, 5%, ..., 1%
10	6.52%	6.45%	6.39%	9.5 YM then 1%
10	7.16%	7.09%	7.03%	5%, 5%, ..., 1%, 1%
15	6.81%	6.74%	6.68%	14.5 YM, then 1%
15	6.87%	6.80%	6.74%	7.5 LO, 5,5,4,4,3,3,2,1
30	7.14%	7.07%	7.01%	15 YM, then 1% rem.
5 + units and mixed use (<25% NRA commercial).  $750K to $5MM loan amount.  All loans fixed for the indicated term.  Non-recourse available.  Avg. FICO >= 680.  Ne Worth <= Loan Amount.  90% occupancy for at least 90 days prior to closing.  YM - Yield Maintenance.  LO - Lock Out.  Numbers indicate years of YM or LO.

NOTES: Borrower pays for 3rd party reports, including credit, appraisal, and environmental (Phase 1 or Scan). A Good Faith Deposit will be required with a signed Letter of Interest. In the event the loan is not approved, any remaining funds from the GFD will be returned to the borrower. If the loan funds, any excess is applied to origination and processing fees. Fees: Processing: Loans < $1MM - $990, $1MM-$3MM $1,480, >$3MM $1,980, payable at funding. Application and admin fees apply to multi-family and mobile home park loans ONLY. Pre-payment Penalties: Variable Loans come with a standard 5 year 5% flat penalty. All other loans come with a standard 10 year declining pre-payment penalty: 10%, ... 1%. Other penalty options available, call for pricing adjustments. 20% annual pre-payment allowed without penalty, except on 10 yr. fixed. Rates, loan programs, and underwriting criteria are subject to change without notice. This is not an offer to lend or to extend credit. **Risk Based Pricing: All loans are subject to adjustment for age and property condition, unstable historical operations, multi-layered borrowing structures, credit scores, subsidized housing, high percentage of singles and other exceptions to the underwriting guidelines. Start Ups: Add a minimum of .25% to rates quoted above. Rates and Programs subject to change without notice.

General Program Guidelines
Property Type:	Multi-Purpose	Special Purpose	Hospitality	Multi-Family
Loan Limits	$500K to $10MM Investor; SBA 504 - $5MM	$500,000 to $4,000,000	$500,000 to $4MM Investor, SBA 504 - $6MM	$1,000,000 to $10,000,000
Property Types	Office Retail Mixed Use Industrial Office Warehouse Mixed Retail w/Office Light Manufacturing & Industrial Medical Office Dental Office	New Auto Dealers Light Automotive Auto Tire & Brake Centers Assisted Living Grocery Stores Daycare Centers Car Washes Funeral Homes Restaurants	Strong Franchise Interior Corridor Construction < 20 years old < 125 units	5+ units Mid-rise >25,000 population
MAX LTV/CLTV	75%/90%	65%/85%; 80% to $4MM	65%/85%	75%/75%
Loan Terms	25 Year Fully Amortizing, Minimum 1.2 to 1.3 DCR (1.0 for SBA 504); 30/10 available on investor.			DCR: 1.2 pur., 1.3 refi.
Minimum Credit Score	660 for owner-user; 700 for investment	660	660	660
Minimum Equity	10% to 20%	10% to 25%	20%	15%
Minimum Collateral	1st TD-Real Property	1st TD-Real Property	1st TD-Real Property UCC-1 on all FF&E	1st TD-Real Property
Loan Programs (Initial Term)	SBA 504 USDA B&I 1 Year Variable 3 Yr. Fixed 5 Yr. Fixed 10 Yr. Fixed	SBA 504 USDA B&I 1 Year Variable 3 Yr. Fixed 5 Yr. Fixed	SBA 504 USDA B&I 1 Year Variable 3 Yr. Fixed 5 Yr. Fixed	1 Year Variable 3 Yr. Fixed 5 Yr. Fixed
Indexes	Rates are tied to 3, 5,7, or 10 Year FHLB "Bullet" Index or WSJ Prime
Available Programs (Remaining Term After Initial Fixed Period)	At the end of the initial fixed term, the loan will automatically convert to the Borrower’s choice of: A)  5 year fixed rate tied to FHLB + margin, adjusting every five (5) years OR B)  WSJ Prime Rate + margin, adjusting quarterly Borrower must make the selection above before closing the loan.
Rate Locks	30 day rate locks are available at no cost. 60 day rate locks are available with a deposit of $2,500 or 0.50% of the permanent loan amount, whichever is greater.  NOTE:  The 60 day rate lock deposit is refunded at the time of closing if the interest rate at the time the loan is closed is the same as the rate stated in the Commitment Letter.   If the interest rate declines and the Borrower chooses to lower the rate rather than take the rate stated in the Commitment Letter, the deposit is retained by the lender. Rate locks are not available on the 10 Year Fixed program. The Rate is locked as of the date of the Commitment Letter.

Enhanced Multifamily Guidelines
Property Types	Multifamily (5+ units) and Mixed Use (commercial allowed up to 35% or Net Rentable Area.
Loan Size:	$750,000 to $5,000,000, depending upon market.
Loan Terms:	10 year term preferred (5-30 years available); 30 year amorization, I/O on select transactions.
Location:	Nationwide major metropolitan areas; secondary markets considered.
Loan-To_Value:	Up to 75%.
Debt Service Coverage:	1.20x minimum.
Interest Rate:	Fixed rate spreads over comparable term U.S. Treasuries; Actual/360 and 30/360 quotes available.
Liability:	Recourse and Non-Recourse available depending upon location and loan parameters.
Borrower:	Single Asset Entity (SAE) required for Non-Recourse transactions; Guarantor(s) must be U.S. Citizens, Minimum average credit score of 680.
Pre-Payment:	Yield Maintenance or Declining prepayment options.  Last 90 days open at par.
Assumption:	Subject to review and 1% fee.
Escrows:	Taxes and Insurance required; Deferred Maintenance / Cap. Ex. as needed.
Survey:	No survey requried with survey endorsement, except for FL, IA, NM, NY, OH & TX.
Application Fee:	Based upon estimated processing costs and required 3rd Part reports.
Funding:	45-60 days after receipt of due diligence items and an executed Application.

Index Rates