Acquisition, rehabilitation and permanent loans.

Up to 24 months for short term loans. 10-15-year maturity, up to 30-year amortization on permanent loans.

1%-2% of the loan amount.

Ten year Treasury constant maturity plus 2.50% -3.00%

An interest rate lock is available for a maximum period of 2 years for a fee of .50% of the approved loan amount. The interest rate is set at the time of the election to lock, at a rate equal to 300-350 basis points over the Treasuries.

First Deed of Trust.

The lower of 75% maximum of appraised value or allowable debt service with reasonable expenses.

A minimum of 1.25:1 on WCRA debt. Debt service is based on the market rents and the appraiser's vacancy/credit loss and expenses. All appraisals must be dated less than 12 months prior to the closing.

Yield maintenance for 7-10 years; 1% thereafter on permanent loans.

$2.5 million, no minimum.