Non-Performing Notes Available 4/01/09

Non Performing Notes

9 hotels Total Loans values are variable

Many different positions in the value tree.

Make an offer Provide LOI and proof of funds

1) 361 units - Loan value $89,250,000 Location: St.Petersberg FL As Is value: 112,000,000

2) 560 Units - Loan value - $87,975,000 Location: Esmeralda CA - As is value: 112,000,000

3) 140+ Units - Loan value - $31,000,000 Location: Berkeley CA - As Is Value 26,000,000

4) 190+ Units - Loan value - $16,250,490 Location: Portland OR - As Is Value 40,100,000

5) 170+ Units - Loan value - $8,450,000 Location: Metairie LA - As Is Value 25,000,000

6) 80+ Units - Loan value - $7,680,000 Location: Winston-Salem NC - As Is Value 11,100,000

7) 665 Units - Loan value - $6,324,000 Location: Vacaville CA - As is Value 77,500,000

8) 315 Units - Loan value - $78,500,000 Location: Rockville MD - As is Value 98,000,000

9) NA Unit count - Loan value - $3,763,000 Location: Plainville NY -As is Value - 7,400,000