California & Arizona            Rates as of 09/08/08 

Light Industrial & Retail

Loan Amounts $500,000 to $10,000,000

ADJUSTABLE RATE PROGRAM

1-Month COFI Pricing  Fully Loan Floor Prepayment

Current Index Margin Indexed Fee Rate Premium

3.111% 2.650% 5.761% Par N/A 1%,1%,1% 

6-Month LIBOR Pricing  Fully Loan Floor Prepayment

Current Index Margin Indexed Fee Rate Premium

2.911% 3.700% 6.611% Par N/A 1%,1%,1%

FIXED TO ADJUSTABLE RATE PROGRAMS

1-Month COFI Pricing Fully Loan Floor Prepayment

Program Fixed Margin Indexed Fee Rate Premium

3-Year  6.000% 2.650% 5.761% Par N/A 3%,2%,1%

5-Year 6.250% 2.750% 5.861% Par N/A 4%,3%,2%,1%

7-Year 6.625% 2.750% 5.861% Par N/A 4%,4%,3%,3%,2%

10-Year 6.875% N/A N/A Par N/A 5%,5%,4%,4%,3%,3%,2%,1%

6-Month LIBOR Pricing  Fully Loan Floor Prepayment

Program Fixed Margin Indexed Fee Rate Premium

3-Year  6.000% 3.700% 6.611% Par None 3%,2%,1%

5-Year 6.250% 3.750% 6.661% Par None 4%,3%,2%,1%

7-Year 6.625% 3.750% 6.661% Par N/A 4%,4%,3%,3%,2%

10-Year 6.875% N/A N/A Par N/A 5%,5%,4%,4%,3%,3%,2%,1%

General Program Notes:

Max Amortization: 30 Years Minimum DCR: 1.20:1

Max Loan Term: 10 Years Recourse Note: Yes; non-recourse available on a selected basis

Max LTV Pur/Refi.: 75% / 70% ARM Rate Adjs.: COFI monthly, 6-Month LIBOR; semi-annual

Neg. Amortz.: Not Permitted ARM Pmt. Adjs.: COFI monthly, 6-Month LIBOR; semi-annual

Ceiling Rate: 12.00% 

Winnie Tin

Vice President - Major Loan Department

Office (626) 840-5616 / Fax (626) 610-3515/ Cell (626) 840-5616

winnie@apcolending.com

25 E. Huntington Dr

Arcadia, CA 91007

ALL RATES AND TERMS ARE SUBJECT TO CHANGE