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

[] Expedited, more efficient processing than other HUD
Insured programs with no appraisal or environmental
reports required

[] Loans balance may be increased to original mortgage
balance to cover upgrades/reserves/loan costs, no cash-out
allowed

[] Term/Amortization may be increased by 12 years, not to
exceed original mortgage Term/Amortization

[] 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

[] 1.10 Minimum Debt Service Coverage

[] This loan is always assumable

[] Moderate Rehab allowed

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