Prior Acquisitions

Amcore Bank unpaid Loan with balance of $5.8M

This note purchase was closed in August 2009 by a privately funded partnership. (The bank was closed and sold by the FDIC six months after the close). The asset consisted of 40 built and partially built townhomes as well as 158 lots developed for townhomes located within 2 separate developments within the Dallas Ft. Worth area. The units were completed and sold within 18 months of their purchase.

Fifth Third Bank Note with unpaid Loan Balance of $7.25M.

This note was purchased in September 2009 by a privately funded partnership. The asset consisted of 163 developed lots located in Orlando, Florida. The partnership completed all necessary improvements for builder permits and is currently selling lots to Standard Pacific Homes and DR Horton Homes.

M & I Bank Note with unpaid loan balance of $1.15M.

The note was purchased in January 2010 by a privately funded partnership. The asset consisted of six developed medical building lots located in Ocoee (Orlando) Florida. The property is across the street from the Health Central Hospital which consists of 150 Beds. The partnership has completed the foreclosure and is marketing the building its to medical users.

Fifth Third Bank Note with unpaid loan balance of $6.8M

The note was closed in November 2010 by a privately funded partnership. The assets consist of 250 developed lots located in Lake Mary (Orlando) Florida. The partnership has completed the friendly foreclosure and is currently negotiating the sale of the lots through Ashton Woods Homes.

Premier Bank REO assets purchased securing Note with unpaid loan balance of $15M.

The assets consisted of 64 townhomes and condominium units plus developed lots supporting an additional 48 units located in Punta Gorda, Florida. The partnership is currently marketing the units and completing the construction of the unfinished units.