The following description is a summary of a core lending program offered by Eastern Mortgage
Capital. We encourage you to contact us today for specific information and for a more thorough
explanation

[]ACQUISITION: Lesser of 85.0% Loans-to-Value* or 85.0%
Loans-to Acquisition-Cost*, Seller romissory note allowed

[] REFINANCE: Up to 85.0% Loans-to-Value*, 80% with cash-out

[] Up to 35- Year Amortization

[] Up to 35- Year Term (no balloon)

[] No maximum loan amount

[] Low, fixed interest rate, based on market spreads over 10 Year Treasury Yield.

[] Non-recourse

[] Flexible and negotiable pre-payment terms, NEVER defeasance or yield maintenance

[] This is a conventional mortgage, HUD/FHA does not limit
rents, tenant income or return on equity

[] 1.1765 Minimum Debt Service Coverage. More aggressive LTV and DSC available for affordable projects

[] This loan is always assumable

[] Moderate Rehab allowed

[] Value sizing is based on market rents and occupancy, regardless of actual 90 day collections, subsidy, or
restrictions.

These descriptions are limited information and meant for general reference purposes.