This is the summary of available packages for sale. Make an offer in the form or a Letter of Intent and be prepared to provide Soft Proof of funds to the bank.

Make an offer regardless of the sales price or asking price!
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PACKAGE # 1 – STATUS – available 3/26/09

Houston (15) Multi-family (4500 units 85-90% occupied), Valued at 204 Million,
1st loan value 140+ million, -110 million sales price –
Make and Offer

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PACKAGE # 2 – STATUS – available 3/26/09


Non Performing Notes

20 hotels Total Loans valued at $609,399,606.00

Make an offer

Provide LOI and proof of funds
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PACKAGE # 3 – STATUS – available 3/26/09

Non Performing Commercial properties

Original BPO was $1,362,760,000

Loan Value is $430,000,000.00

City Parkway
Flagstone Apartments
Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)
Ventana Village Apartments

Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)

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PACKAGE # 4 – STATUS -- OFFER PENDING 3/25/09

Non-performing Tape containing:

Commercial land in various stages of development, retail strip centers, shopping centers, Golf Courses, 1-4 multi-family, office, office building shells, office condos and raw land.

96 loans with more than 145+ units valued at funding at 1B, current BPO 584 million, offered at 150 million

Properties in the following states = AZ ,NV

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PACKAGE # 5 – STATUS – available 3/26/09

Non-Performing Notes for Sale in one package

The follow is available based on a current BPO of 435K for total package price of 120K.

1) (2) Vero Beach FL - SFR - 222K
2) (1) Vero Beach FL - Condo -130K
3) (1) Youngstown OH - SFR - 15K
4) (1) Riverside CA - SFR - 250K
5) (1) Palm Bay FL - SFR - 259K
6) (1) Ocala FL - SFR - 52K

Present a letter of intent and proof of fund and all details delivered in 24 hours. Remember these are NON- Performing notes!

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PACKAGE # 6 – STATUS – available 3/26/09

Notes Non-Performing 38 homes

Single Family Homes Florida

Do your own Market analysis and make offer

Note holder believed the offer should be based on $3,353,950.00 current value.

APOLLO BEACHFL
BRADENTONFL
BRADENTONFL
BRADENTONFL
CLERMONTFL
GROVELANDFL
KISSIMMEEFL
LABELLEFL
LAKE WORTHFL
LAKEWORTHFL
LEHIGH ACRESFL
MONTVERDEFL
MONTVERDEFL
MONTVERDEFL
MONTVERDEFL
NEW PORT RICHEYFL
ORLANDOFL
ORLANDOFL
ORLANDOFL
ORLANDOFL
ORLANDOFL
ORLANDOFL
ORLANDOFL
ORLANDOFL
ORLANDOFL
OVIEDOFL
PORT SAINT LUCIEFL
PORT SAINT LUCIEFL
RIVERVIEWFL
SARASOTAFL
SARASOTAFL
SARASOTAFL
ST PETERSBURGFL
SUN CITY CENTERFL
TAMPAFL
WEEKI WACHEEFL
WINTER GARDENFL
WINTER HAVENFL

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PACKAGE # 7 – STATUS – available 3/26/09

Non Performing Note Package

Multi-family & Commercial assets including:

States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)

Apartments, Multi-family plus small retail, and office

49 notes valued at $57,044,686

LTV average 70%

Priced at 81 cents on the dollar = $46,206,196

To review tape make an offer in the form of an LOI and provide SPOF contact information in the LOI
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PACKAGE # 8 – STATUS – available 3/26/09

Two Performing Hotel 1st Trust Deeds for sale both borrowers

1) 5.2 million note, rate 6.612, 10 year with balloon, LTV 67.00% Discounted to $4,228,200


2) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910

Available for 81 cents on the dollar.

To review tape:

Make an offer in LOI for and include contract POF information.

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PACKAGE # 9 – STATUS – available 3/26/09


All Commercial NON PERFORMING

FDIC auction 245 notes mixed (Commercial, Multi-family, and Office) performing and non-performing package value at $317,000,000. discounts values range for both available on call Paul for discount windows.

****** FDIC auction closes on item 1) on March 31st, all LOI and POF must be in 24 hours before the 31st.******

2) 196 Unit Apartments - OH

3) 248 Unit Apartments -OH

4) 420 Units Student Housing - LA

5) 900K Sq.ft Office - IL

6) 27K Sq.ft. Office Medical - NJ

7) 110K Sq. ft. Office - NJ

8) 130K Sq. ft. Shopping Center - AZ

9) 56K Sq. ft. Shopping Center - CA

10) 11K Sq. ft. Office Medical - OH