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Loan Parameters

First mortgage to acquire/renovate vacant building:
 Burbank
 21 E. Front

First mortgage "out of the box" for traditional lenders:
 Santa Rosa
 Private Club and Hotel
 Arroyo Grande
 Northgate

First mortgage requiring quick closing:
 Huntington Beach
 Laguna Woods

Second mortgage to increase leverage on acquisition:
 Brook 35
 14th & Madison
 230 California

Subordinate debt to cash-out owner's equity to use for other projects:
 Beaverton
 Jack London Square

Second mortgage to refinance maturing debt:
 Puyallup
 Newtown

Second mortgage for development:
 Hotel Healdsburg
 Condominiums