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Transactions in Process
The boxes below represent the transactions that are currently in process. We plan to update them as often as
new information is warranted. Financing amounts are estimations and are subject to adjustment at any time.
Projects that are removed from the list of Transactions in Process have either been withdrawn from or declined
processing.
Updated: July 3, 2009
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Transaction Completed: February 20, 2009
Hardware and Software Technology Service Business
$6,000,000
This
BCLOC Business Loan has been subordinated to the existing bank debt,
but Protective Capital Structures ("PCSO")
will be entitled to receive payments of interest when due.
Issued Series A Preferred Shares as collateral to an Affiliate on December 30, 2008,
to collateralize financing.
An attorney is the escrow agent.
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Apartment Buildings
Borrower is negotiating to acquire Apartment Buildings using
PCSO
Series A Preferred Shares as collateral.
$5,000,000
Issued Series A Preferred Shares to a Non-Affiliate on December
30, 2008,
to collateralize financing.
ICCC is the escrow agent.
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Retail Business
Borrower is negotiating to acquire
the Business using
PCSO Series A Preferred Shares as collateral.
2,000,000
Issued
Series A Preferred Sares to a Non-Affiliate on
December 30, 2008, to collateralize the financing.
ICCC is
the escrow agent.
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Commercial Center
To be Constructed
$6,500,000
Issued PCSO Serires A Preferred Shares to a Non-Affiliate
on December 30, 2008.
The Series A Preferred Shares will be used as collateral for a construction loan.
ICCC is the escrow agent.
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Commercial Properties
To
be Purchased by Borrower
$13,900,000
Issued PCSO
Series A Preferred Shares to a Non-Affiliate on December 30, 2008,
to be used as as collateral
for a loan.
ICCC is the escrow agent.
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Apartment Building
"New project to replace office building"
To be Purchased by Borrower
$10,000,000
Issued Series A Preferred Shares to Affiliate on February 26, 2008.
ICCC, as escrow agent,
through PCSO provided
some cash needed by purchasing 1% of the Series A Preferred Shares.
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Small Apartment Building
To be Renovated
$808,000
Issued PCSO Series A Preferred
Shares to a Non-Affiliate on February 22, 2008
ICCC, as escrow agent, through PCSO. provided
some
cash needed by purchasing 4% of the Series A Prefrred Shares.
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Commercial Properties
To be Selected and Purchased by Borrower $672,093,000 Issued Series A Preferred Shares to an
Affiliate on March 13, 2008
The Series A Preferred Shares will be used as collateral
for specific
properties when they are identified.
ICCC is the escrow agent.
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