* Construction Loans for Capital Improvements on Existing Properties

* Construction Loans for Acquisition of an Existing Property that needs Capital Improvements to be completed fro an Owner User Property

* Construction Loans th at have a 1 year Start to Completion time or less

* Construction Loans under $5,000,000.

* Exception for FHA or FNMA approved apartment projects from $1 million - $100 million

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Announcing:
Construction Project Rescue Financing We are pleased to offer this very special Construction Project Rescue Financing Program, the CPR Program, in response to current economic conditions. The CPR Program is designed to help restart construction on projects o f all types that are:

* Stalled
* In Default
* In Foreclosure, or
* In Bankruptcy.

The CPR Program keeps the current developer in the project. The program is offered through a Fund that lends money on projects that are currently facing difficulty, yet are profitable at some level in the current marketplace. The program retains the existing developer because it is not interested in managing its assets, only in getting them completed and sold.

A General Description
We are seeking existing projects of all kinds that are profitable at some price level in today’s market. This is an asset based loan program and the financing is non-recourse financing. Projects that interest us have the following characteristics:

1. Size: SweetSpot of $5,000,000 to $25,000,000. Higher amounts are dealt with on a case by case basis. 2. The project is in “distress:” 1. Stalled 2. Default
3. Foreclosure
4. Bankruptcy
3. The project:
1. Has too much debt recorded against it to be profitable in today’s market. 2. Was halted due to the lender no longer advancing funds for a variety of reasons. 3. Is in some state of partial completion. 4. The sponsor is a full-time developer who has a track record of experience his particular asset category. 5. This is NOT a Buy and Hold opportunity. Projects MUST be ready to be completed and readied for sale. See below for financing terms.

At commencement, the developer signs both an Engagement Letter and a Term Sheet so he knows what he will be getting in the way of funding. He also provides a deposit of $7,500 to cover the cost of an independent engineer’s report to verify the accuracy of the completion budgets going forward. At that point, we and any brokers step out of the way and the Fund works directly with the developer. NOTE: The revised cost-to-complete figures that the borrower submits must be restructured to include our's and any other related fee's in the initial draw as a line item of some kind, usually “Consulting.” The terms of the CPR Program are as follows:

* Term – 3 years with a 1 year extension. * Amortization – Interest Only, accrued (there is no interest reserve or monthly payment made by the client). * Points – 3.5 * Rate – 9.5%
* Release Component – Negotiated per transaction. * Typical closing time – 3 months with existing lenders involved.

To reiterate: This financing can be used on almost any type of:

* Good project in
* Good markets with
* Good developers,

provided it can be shown to be profitable in today’s market:

* Land A&D (lots)
* Residential Tract Developments * Condominium and Town Home Developments * Multifamily: Apartment, Mobile Home Park, Assisted Living, etc. * Commercial: Retail, Office, Medical, Industrial, Warehouse, Hospitality, Resort, etc.

Email
Dwight Shook
Capital Consultant Partners, Inc. dshook6495@cs.com