Non-Recourse Home Builder Financing Program

1. • Non-Recourse Acquisition, Development &
Construction Lending at 85% LTC or 75% LTV
• Lending is Subject to the Lender’s Underwriting and
Approval Process
Program Highlights
For Qualified Builder’s in Select Markets
• Minimum Loan $3 Million and Maximum of
$50 Million
• Typically to 100 Home Sites (Can Exceed)
• Loan Terms are 12 to 48 Months
• Fast Turn Around on Lending Decisions
* HOME BUILDER FINANCE *Chris.malkin@svn.com
BUILD AN ANNUITY…HELP BUILD A COMMUNITY
Approved Markets
CALL: 941-350-0235

2. Non-Recourse Builder Program
Frequently Asked Questions
• What is the Project Loan Size? $3 Million to $50 Million; Higher in Select Cases
• What is the Project Unit Size? Typically Up to 100 Units; Greater in Select Cases
• What Type of Product? Single Family, Townhouse, or Condominium
• What is the Interest Rate? Prime Based with a floor between 6.5-7.5%
• Are there loan commitment Fees? 1% Per Annum on Outstanding Balance
• What is the Term of the Loan? Up to 36 Months; 48 Months in Select Case
• What is the Loan to Value or Cost? 85% LTC or 75% LTV Blended on AD&C Loan
• Is there an Exit Fee? Yes, at Close of Escrow Based on Deal Risk
• Why is Approval Fast? Non-Regulated Lender - Flat Organizational Structure
• Does Builder Credit Matter? Lending Primarily on Project Merits & Feasibility
• How Does SVN Advisor get Compensated Borrower Compensates SVN Advisor
* HOME BUILDER FINANCE *Chris.malkin@svn.com
BUILD AN ANNUITY…HELP BUILD A COMMUNITY

3. Non-Recourse Builder Program
Sample Document Request Information
Project Development Information Personal & Company Financial Information
Location & Description Area Current Personal Financial Statement
Project Development History Current Company Financial Statement
Pro Forma, Cash Flows, & Cost Breakdowns 3 Years Personal Tax Returns
Market Studies or Comparable Sales 3 Years Company Tax Returns
Plans and Specifications of Site Contingent Liabilities & Litigation
Plans and Specifications of Floor Plans Personal Judgments, Liens & Creditors
All Relevant Government Approvals Organizational Structure
Copies of All Relevant Permits Local Experience & Relevant Background
Critical Path & Development Schedule Current List & Description of Existing Projects
All Relevant Support Data All Relevant Support Data
* HOME BUILDER FINANCE *Chris.malkin@svn.com
BUILD AN ANNUITY…HELP BUILD A COMMUNITY

4. Non-Recourse Builder Program
Loan Timeline and Critical Path
* HOME BUILDER FINANCE *Chris.malkin@svn.com
BUILD AN ANNUITY…HELP BUILD A COMMUNITY
Step 1
Loan Package
Submittal
Step 2
Preliminary
Approval
Memorandum
Step 3
Final Approval
Memorandum
Step 4
Close and Fund
Step Note
SVN Strategic Funding
Conduit Advisor identifies
project, assembles package
for lender & facilitates
submittal documents
Step Note
First level of Loan Approval
from the Lender’s Committee
Results in Detailed Term
Sheet and is Subject to Final
Lender Under Writing
Step Note
Term Sheet & $25,000 Loan
Commitment Fee; Applied
Only To Actual Costs.
Appraisal and Other 3rd Party
Confirmation; Preparation of
Closing Documents
7-10 Days 14-21 Days 21-30 Days
STRATEGIC
FUNDING
CONDUIT