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EASTLAND MORTGAGE PROGRAM GUIDE

PROGRAM  A                                          

Gas Stations Loans, Convenience Stores,   Hotels,  Motels,   Auto Repair Shops

  FICO                                      Max  LTV                                          Min. DSR                 

500-599  (same rate)                      60%                                                   2:1
600-649                                      65%                                                  1.5:1
650-699                                      70%                                                  1.25:1
700 +                                          75 - 80%                                           1:1

  Loan Sizes:  $ 100,000.  -  $ 2,000,000.

  Rate:  6.75%     -  Quarterly Variable – (prime + 2.75%)

  Terms:  15/20/25   PPP – (5,3,1)

  PROGRAM  B   (Higher Loan Amounts & Additional  Property Types)

Car Washes, Independent Food Stores, Convenience Stores, Auto Sales Hotels, Motels, Mixed Use, Retail, Light Industrial, Unflagged Strip Malls

  FICO                                      Max LTV                                           Min. DSR                 

650-699                                      70%                                                   1.25-1
700+                                           75%                                                   1.25-1

  Loan Sizes:  $ 2,000,000.  -   $10,000,000. | Flagged & Qualifying Reits to $25,000,000.

  Rate:  6.0%     - Quarterly Variable – (prime + 2%)

  Terms:  15/20/25/30   PPP – (5, 4, 3, 2, 1)

*** All loans must be on owner occupied and operated properties.
*** All loans subject to underwriting discretion and board review.