FHA and Investor Specialist

Commercial Project Financing: Here  is a program offered by a referral partner that is worthy of note, being that they are offering commerical and business project financing with just 5% into a project. 

"Projects" can include new commercial developments (hotel, mixed used,
business parks, multi-family (apartments), assisted living facilities,
retail centers, schools, private hospitals etc. This Program can also be
applied to viable opportunities which are NOT associated with an
underlaying real estate collateral.

Minimum funding is $10-million and the upper ceiling is
$250-million.NON-RECOURSE and no pre-payment penalty after the 2nd year.
Loan term UP To 10-years.

At this point in time the structure is as follows: Whatever the target
funding amount is, the client brings 5% of total cost to the table in CASH
(it's 4% of project cost here in the USA) in addition to a $35K
administration/UW fee.

1st year interest only at 5.50%; years 2-5 interest only at 7.50%. At the
end of the 5th year the loan modifies into P&I...interest at 7.50% with the
principle amortized over 20-years all due at end of the agreed upon loan
term.

Current Commercial Project Financing deals-in-progress examples: Two new Embassy Suites Hotel
developments, one in Atlanta ($52-million) and one in Virginia Beach
$115-million; Ten "Value Place" extended stay limited service hotels for
one developer/operator $55-million; $40-million funding for an Athens,
Greece based charter yacht operator with which to purchase two luxury
custom yachts to be built at a FL shipyard.

"Business Only" fundings: $15-million to enable an existing Ford/Lincoln
dealership group to expand into the import and marketing of Chinese
manufactured electric passenger/utilityvehicles; $10-million for a FL based
developer of an advanced lead-cobalt battery system to power electric
vehicles (a lower cost alternative to lithium batteries); A $40-million
fuinding for a MN developer/operator of WiFI/telcom towers/ISP services; A
$36-million funding for a FL based start-up" to acquire and operate a 185
passenger/cargo catamaran to enter scheduled daily service between W. Palm
Beach and the Bahamas.

The funding process is very streamlined and rapid. From the date that the
client receives and accepts Terms and Conditions, opens escrow and wires in
their $35K, closing can be anticipated within 28-days IF the client has all
of their "ducks in a row"..

INTAKE PROCEDURE - The following items are required for initial intake:

1: Completed Loan Application

2: Executive Summary detailing the project, location and Exit Strategy with
bios on the Principal(s) - maximum of 8-pages. We do NOT need or want a
multi-page "book" at this point.

3: Current financial statements on the borrowing entity and PFS on the
Principal(s)

4: 5-Year Pro Forma

5: Use of Funds break out.

6: PROOF OF FUNDS EVIDENCING THAT THE CLIENT HAS THE REQUIRED 5% OF FUNDING
REQUEST. This will take the form of a CURRENT bank statement in the name of
the borroer or borrowing entity.

(Appraisal and Feasibility Study will be requested at the appropriate time).

PROCEDURE: Assuming a FAVORABLE initial review of the above items, a
conference call will be scheduled with the client Principal(s) and the Administration Director.               Purpose of the call is for both parties to "get
comfortable" with the possibility of moving forward.

Within 3-4 days, the client will receive conditional Terms and Conditions
and Escrow Agreement draft for review and acceptance. Client has four
business days in which to confirm acceptance and wire-in the $35K which is
pro-rata refundable. Client also establishes their escrow account with
www.commercialescrow.com. This Escrow Company is entirely independent of
the investment group and is 17-years established, licensed bonded and
insured in CA.

The terms of the Escrow Agreement will fully secure the client's 5% funds
for the sole benefit of the client who remains in sole control over that
account.

At the time the TX investment Group confirm their funding intent, the
client wires the escrowed funds into the Bank that will be issuing the SBLC
that the TX Group will be funding against. It's a seamless process.

The ONLY downside to this Program is that the required funds are issued at
closing.. there are no drawn-downs and intrerest on the entire loan amount
kicks in immediately.

Developers with major scale projects might want to consider structuring
their funding as a series of loans which kick-in as the project develops
over time. Alternatively, deposit "excess" funds into a series of interest
bearing instruments which will at least reduce the interest impact.

Commercial Project Financing:  Please send me the executive summary for an initial review.

Thanks,