Eligible Collateral: First Mortgages on Class B or better office properties, no personal guaranties required, except for standard Commercial Lender carve-outs.

Financing Size: $1,000,000 – minimum (prefer $3,000,000 +). No maximum.

Loan Term: Any term from 5-20 years; 10 year term is generally the best pricing.

Amortization Period: 30 years maximum.

Interest Rate: Interest rates are fixed and typically locked two days before closing. Early and extended rate lock options are available.

Minimum DSCR: 1.25x

Maximum LTV: 80%

Processing Fee: $5,000, non-refundable.

Closing & Transaction Costs: Borrower is required to pay all third party due diligence and closing costs including the

Loan Commitment: Within 10 business days of an executed application, receipt of related funds, requested Borrower data and third party reports.

Commitment Deposit: 1-2% of loan balance by commitment or rate lock.

Reports: Environmental: Site Assessment

Engineering: Physical Needs Assessment, Seismic (as applicable)

Appraisal: Full narrative FIRREA and USPAP compliant and MAI certified

Prepayment: Two year lockout after sale of loan, then subject to defeasance, with the last three months open to prepayment with no fee.

Reserves: Funded reserves are generally required for capital expenditures, tenant improvements and leasing commissions. Capital Expenditures Reserves shall be the lesser of the amount determined by a third party capital needs assessment firm or $0.20 per square foot per year. Monthly collections for a Tenant Improvements and Leasing

Commissions Reserve will be determined during underwriting

Entity: Borrowing entity may be a corporation, a limited liability company or a limited partnership, but in any case must be organized as a Special Purpose Bankruptcy Remote entity.