Johnson Capital Capabilities 111208

Real Estate Mortgage Banking Thomas M. Cohen Principal Johnson Capital Of Kansas 7201 129 th Street, Suite 110 Overland Park, KS. 66213 (o) 913-685-9200 (f) 913-685-9213 (c) 913-226-1001 Email: [email_address] www.johnsoncapital.com

Johnson Capital Overview ,[object Object],[object Object],[object Object],[object Object],[object Object]

Trusted, Valuable Brand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Business Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Financing for All Property Types ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Loan Parameters ,[object Object],[object Object],[object Object],[object Object],[object Object]

Permanent Financing ,[object Object],[object Object],[object Object],[object Object],[object Object]

Permanent Financing Players ,[object Object],[object Object],[object Object],[object Object]

Fannie Mae and Freddie Mac Solutions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Freddie Mac: Early Rate Lock Program Advantages ,[object Object],[object Object],[object Object],[object Object]

Life Insurance Companies ,[object Object],[object Object],[object Object],[object Object]

Life Insurance Companies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

HUD/FHA ,[object Object],[object Object],[object Object],[object Object]

2008 Closings ,[object Object],[object Object],Description: 12,558sf, built in 2007, 2 tenants Loan Amount: $2,300,000 Term: 10 Years Amortization: 25 Years Rate: 6.00% Lender: Country Life Recourse: None Closed: January, 2008 Comments: High $/sf mitigated by strong tenants and sponsor 75% LTV 70% occupied by Fresenius Medical (BB by S&P) 10 year leases

[object Object],[object Object],Description: 121 Units, 43,403sf, built in 2006 Loan Amount: $4,200,000 Term: 5 Years Amortization: 25 Years Rate: 6.75% Lender: Business Partners (Credit Union) Recourse: Yes – Full Recourse Closed: February, 2008 Comments: Represents one of a total of 5 Value Place loans closed with the franchisor. No pre-payment penalty

[object Object],[object Object],Description: 150 Units, built in 1971 Loan Amount: $5,250,000 Term: 10 Years Amortization: 30 Years Rate: 5.88% Lender: Freddie Mac Recourse: None Closed: August, 2008 Comments: Early rate locked in 5/08 – closed 8/08 Monthly replacement reserves - deferred Strong Management Company & sponsor 64% LTV

[object Object],[object Object],Description: 144 Units, built in 1971 Loan Amount: $2,744,000 Term: 7 Years Amortization: 30 Years Rate: 6.18% Lender: FNMA Recourse: None Closed: June, 2008 Comments: Repeat FNMA borrower Acquisition Strong Management Company & sponsor 82% LTTP / 80% LTV

[object Object],[object Object],Description: 25,250sf, Single Tenant Loan Amount: $1,900,000 Term: 10 Years Amortization: 25 Years Rate: 6.38% Lender: Protective Life Recourse: Yes – Full Recourse Closed: July, 2008 Comments: owner occupied No lease was required. Subject was newly renovated Rate locked at application

[object Object],[object Object],Description: 282 Units, built in 1969 Loan Amount: $4,600,000 Term: 7 Years Amortization: 30 Years Rate: 6.23% Lender: FNMA Recourse: None Closed: July, 2008 Comments: Repeat FNMA sponsor Acquisition 80% LTPP / LTV

Johnson Capital Capabilities 111208

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