comcapsouth.com - Private Small Balance Funding

Small Balance Guidelines

Property Type	Max LTV SBA and Non-SBA	Estimated* Rate Adjust. and Fixed
1. Office/Office-Condo/Office-Warehouse	90%	5.75% 6.65%
2. Light Industrial/Assembly/Warehouse	90% 60%	5.75% 6.65%
3. Multi-Store Retail Strip Center	90% 60%	5.75% 6.65%
4. FLAGGED Hotel up to 15 years Old	85% 55%-60%	5.75% 7.40%
*5-14* $2,500,000 Maximum 1st Lien for Special Use Prop. (#5 to #14) below
5. Heavy Industrial – Manuf. (Env.Survey)	80% 50%	5.75% 7.40%
6. SFR Conversion (Office/Retail)	80% 50%	5.75% 7.40%
7. Mixed-Use – Retail/Office with Residences	80% 50%	5.75% 7.40%
8. Schools - Day Care - Banquet Halls	80% 50%	5.75% 7.40%
9. Automobile/Truck/Vehicle SERVICE Center	80% 50%	5.75% 7.40%
10. Assisted Living Facility - Funeral Home	80% 50%	5.75% 7.40%
11. Stand-Alone Retail – Salons - Spas	80% 50%	5.75% 7.40%
12. Laundromats - Drycleaners (Env.Survey)	*50%* 50%	5.75% 7.40%
13. Self-Storage -or- ANY Metal Buildings	*50%* 50%	5.75% 7.40%
14. Golf Club-Bowling Alley–Some Restaurants * ALWAYS SUBJECT TO CHANGE	75% 45%-50%	6.25% 7.975%

SBA Own.Occ.Purchase - $200k Min. SBA 504b 2nd Lien - $120k Min. FULL DOC ONLY

CONSTRUCTION/REHAB Financing Available for MOST Properties Above –75% to 90% CLTV

Available for Owner Occupied or Fully Leased Properties ONLY – MINIMUM Loan Amount of $300,000.

MINIMUM Credit Requirements (ALL Loans/Properties):

- Principals MUST show proof of 10 - 12 Months Reserves and Credit Card Balances UNDER $65,000.

- Any N.O.O. Borrowers should have Outside Income to cover Living Expenses AND 25% of Mortgage.

- Property owned less than 5 Years will be Valued at Purchase Price plus Paid Capital Improvements.

- Own. Occ. Business or SINGLE Tenant MUST be Profitable on 2007 & 2008 Tax Returns and 2009 YTD.

- 660 Minimum Credit Score (720 for ANY Construction) on any Owner Occupied or N.O.O. Properties.

- Property Taxes, Mortgage Payments, and Payroll Taxes must be Current PRIOR to Underwriting.

- NO Cash-Out Available EXCEPT for Property Improvements and/or Loan Costs ONLY.

- NO Bankruptcies or Foreclosures for 10 Years.

Properties we just Can NOT Finance under this program:

- ANY RESIDENTIAL Development-Subdivision-Project-Condos-Fractionals, etc.

- Any VEHICLE DEALERS (Cars/Trucks/Motorcycles/RV’s/Boats/etc.)

- NO NEW Business Start-Ups as Primary Tenant (INCLUDES Hotels)

- Warehouse/Industrial Over 60,000 sq.ft - OR - Over 60 Years Old.

- Car Washes, Convenience Stores (w/ Gas) and Gas Stations

- ANY Hotels/Motels/Bed & Breakfast Built BEFORE 1994.

- NO Bars, NO Night-Clubs nor ANY Adult Entertainment.

- CHURCHES and most Church-Owned Facilities

- Multi-Family and APARTMENT Complexes

- Mobile Home Parks and R.V. Parks