TERMS

Interest Rate:

US Bank Prime plus 6.50 with a floor of 10.5%

Loan Fees:

Typically, 2½ points on the loan amount

Term:

Six months to one year depending on the project size

Payments:

Interest only, accrued monthly and due on the last day of each month.

Renewals:

Six month renewal for a one point fee provided the loan remains in good standing at all times.

Prepayment Penalty:

None.