Transactions in Process   The boxes below represent the financings that are currently in process.  We plan to update them as often as new information is warranted.  Financing amounts are initial estimations and are subject to adjustment prior to closing.  Projects that are removed from the list of Transactions in Process have either been withdrawn from or declined processing.

Small Hotel I   $808,000   Status:   Closed February 22, 2008   Under Construction/Renovation

Office Building I   $10,307,000   Status:   Closed February 26, 2008   Phase I Funded February 28, 2008   Note:  The Company and the Customer have shareholders in common

Hotel Resort II   $672,093,000   Status:   Closed March 13, 2008   Note:  The Company and the Customer have shareholders in common

Apartment Building I   $20,000,000   Status:   Initial Review and Analysis