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7001 Scottsdale Road, Suite 2050 Scottsdale, Arizona 85253 • T. 480-840-8400 • F. 480-840-8401 • imhfc.com
IMH Holdings, LLC • BK 0920166
April 6, 2015
To Whom it May Concern:
It is my distinct pleasure to recommend to you my esteemed business colleague and friend, Dawn
Douglass. In my capacity as Vice President of Finance for IMH Financial Corporation (“IMH"), I have
worked very closely with Dawn for nearly eight years.
As Assistant Vice President – Financial Operations for IMH in Scottsdale, Arizona, Dawn exhibited
outstanding common sense, communication skills and an impeccable work ethic during her tenure. She is
a no-nonsense professional with an uncanny ability to get to the heart of a matter, and her skills in
financial modeling are second to none. Her efforts directly contributed to our monthly financial reporting
and timely filings of annual and quarterly reports with the Securities and Exchange Commission.
I could continue on with glowing accounts of Dawn’s skillset, but will instead simply say that I really do
think the world of her and respect her greatly. I was personally very saddened by Dawn’s departure but
certainly wish her the best in her endeavors.
I would without any reservation recommend Dawn to any prospective employer. She would be a
tremendous asset in any company.
Feel free to contact me with any questions at 480-840-8322.
Sincerely,
Samuel J. Montes
Vice President-Finance

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  •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
  • 2. 7001 Scottsdale Road, Suite 2050 Scottsdale, Arizona 85253 • T. 480-840-8400 • F. 480-840-8401 • imhfc.com IMH Holdings, LLC • BK 0920166 April 6, 2015 To Whom it May Concern: It is my distinct pleasure to recommend to you my esteemed business colleague and friend, Dawn Douglass. In my capacity as Vice President of Finance for IMH Financial Corporation (“IMH"), I have worked very closely with Dawn for nearly eight years. As Assistant Vice President – Financial Operations for IMH in Scottsdale, Arizona, Dawn exhibited outstanding common sense, communication skills and an impeccable work ethic during her tenure. She is a no-nonsense professional with an uncanny ability to get to the heart of a matter, and her skills in financial modeling are second to none. Her efforts directly contributed to our monthly financial reporting and timely filings of annual and quarterly reports with the Securities and Exchange Commission. I could continue on with glowing accounts of Dawn’s skillset, but will instead simply say that I really do think the world of her and respect her greatly. I was personally very saddened by Dawn’s departure but certainly wish her the best in her endeavors. I would without any reservation recommend Dawn to any prospective employer. She would be a tremendous asset in any company. Feel free to contact me with any questions at 480-840-8322. Sincerely, Samuel J. Montes Vice President-Finance