LOAN PROGRAMS AVAILABLE

Typical Investment Grade triple net financing as follows:

• Minimum debt service coverage of 1.0x for fully amortizing loans
• Up to 80% loan to value for loans with 10 year terms
• Up to 30 year amortization available for loans with 10 year terms
• Non-recourse
• Rates are typically based on a spread over the 10-year US Treasury note, however, if the loan is fully amortizing, the Lender may base the spread off an interpolated Treasury rate. Interest rates and the corresponding spreads used by the various lending institutions are always fluctuating. Because of this it would be in the Borrower's best interest to call to discuss. The Borrower can be assured Upland Capital Advisors will secure the most aggressive rate and terms for their clients. Based on today's environment one could expect to secure a rate of 5.65-6.25%.

Typical Non-Investment Grade financing as follows:

• Minimum debt service coverage of 1.20-1.30x
• Up to 75% loan to value
• Up to 25 year amortization period
• Preferred terms are 5 years with options to go to 10 years.
• Recourse, however, non-recourse options may be available on a lower leveraged deal with a strong Borrower and tenant.
• Rates are based on spreads over various indicators such as LIBOR, Prime Rate and US Treasuries. Due to the broad range of non-investment grade tenants, fixed rates will generally be 5.80% and up, and floating rates at the 5.00-5.50% range.

All financing is subject to Borrower strength, tenant credit, location and current market conditions.

Closing Process