Description:  174 Senior Housing Apartments

Location:  Green Bay, Wisconsin

Unit Mix:  88 Independent Living, 86 Assisted Living

Loan Amount:  $14,500,000

Type:  Construction/Mini-Perm

Construction:  30 Months/Interest Only

Rate:  150 Basis Points Over Prime

Option:  Mini-Perm

Amortization:  25 Years

Loan To Value:  75%

Rate:  125 Basis Points Over Variable Index

Prepayment Terms:  No Prepayment Penalty

Description:  104 Senior Housing Apartments

Location:  Appleton, Wisconsin

Unit Mix:  30 Independent Living, 74 Assisted Living

Loan Amount:  $7,500,000

Type:  Construction/Mini-Perm

Construction:  12 Months/Interest Only

Rate:  137 Basis Points Over Prime

Option:  Mini-Perm/24 Months

Amortization:  25 Years

Loan To Value:  75%

Rate:  112 Basis Points Over Variable Index

Prepayment Terms:  No Prepayment Penalty