Trust Loan Programs

                                                                                                                                                                                                          Feb.6, 2009
Attention borrowers:

Until recently we have been funding these loans though our JV operations with mortgage banks and private equity funds.. Recently we have moved our trust funds into a top five world bank, so that our fund can be leveraged and insured. In effect this trust fund is now the banker and lender. There are some stipulations for these trust loans to be granted.

In regard to pre-qualification of a loan, the liquid assets are the key factor. The trust will only fund clients who are of $1,000,000 or more in liquid assets (after the down payment) or $5,000,000 or more in total assets. Thus, we are working in the high-end client relationships of $5 million or more at the bank but able to do loans at any amount (i.e., $400,000 to $100,000,000).

Interest rates vary daily, yet as of Friday (Feb. 6, 2009) the interest rates for 3-30 year loans are between 4.5-6.25%. Usually, the borrower will be between 5-6% for fixed 5 year to fixed 30 year loan program and the interest rate possibly be lower if the borrower is willing to pay discount fee (or, extra closing fee that is to lower the overall interest rate for the life of the loan).

Fortunately, we do not charge any up-front fees, except there will be a $250 application fee which is only paid if the loan is pre-qualified.. In addition, the $250 can be added to the total loan amount but it will be paid at beginning of the loan by check, cash, or credit card.

If this route is not successful for you, the applicant, we can revert to our standard mortgage criteria which we offer through our JV brokerage operations.

Interest rates vary daily, yet as of Friday (Feb. 6, 2009) the interest rates for 3-30 year loans are between 4.5-6.25%. Usually, the borrower will be between 5-6% for fixed 5 year to fixed 30 year loan program and the interest rate possibly be lower if the borrower is willing to pay discount fee (or, extra closing fee that is to lower the overall interest rate for the life of the loan).

The Estimated Loan-to-Value for loan programs are:

LTVs of the Trust:

Loan amount of $999,000 or less (No Min. Amount) -- LTV of  90% Financing
Loan of $1,000,000 - 1,500,000 -- LTV of 85-90% Financing
Loan of over $1,500,000 - 2,990,000 -- LTV of 70-85% Financing
Loan of over $3.0M or more -- LTV of 75% or lower.

LTVs of our standard mortgage operations.

No Minimum Amount Programs

Loan of $417k or less (or depending on the county of the property under the FHA regulation) is a LTV of 97%

Loan of $417k or more (or depending on the county of the property under the FHA regulation) is a LTV of 90% or less.
NOTE: Often, loan of $700k-$1M might be a LTV of 70-80%, depending on the borrower's application.

Loans of $1M or more is a LTV of 70-75%, depending on the borrower's application.

Types of programs in place: Full Doc, No Doc, Stated Income, Asset Based, SIVA, NOO Investment properties