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| 3 years Interest Only, followed |
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| 312 unit Class A multifamily constructed between 1991-1994 |
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| Property & Underwriting Story |
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| Column closed this loan 30 days to facilitate the purchase of this property. Financing at 80% LTV, with mezzanine financing providing an additional 10%. Total loan to purchase price of 90%. |
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| 168,354 sq. ft. of retail space. Major tenants include Bally Total Fitness, Hancock Fabrics and Fox & Hound |
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| Property & Underwriting Story |
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| Column originally financed this property with an interim loan that closed January 2003. At that time the property was 78% leased. Since then the cash flow increased 30% from 1/03 to 8/04 and occupancy increased to 95.40%. The permanent loan was closed in August of 2004. |
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| 27,702 sq. ft. retail property located in Falcon, Colorado |
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| Property & Underwriting Story |
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| Acquisition loan of 75% LTV; $1,050,000 cash equity. New construction in growing suburb of Colorado Springs. 90% pre-leased before completion of construction. Local tenants. Yield Maintenance. |
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| 5 yrs IO; 30 yrs thereafter |
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| A 176,950 SF business park in Salt Lake City, UT. |
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| Property & Underwriting Story |
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| This deal is a low-leverage acquisition. CFI was required to close quickly on a two-trust TIC borrower. |
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