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| Friday, July 30, 2010 |
| Borrower | A single-purpose entity set up for the development. | |
| Loan | A $40,000,000 three year loan at 10.5% the first year, 15% the second and 18% the third . | |
| Collateral | A first mortgage on 224 acres with 2,030 feet of frontage along the western side of Palm Parkway in the Lake Buena Vista area of Orange County, Florida. | |
| Guarantors | The principal of the Borrower. | |
| Purpose | The Loan enabled the Borrower to close on the property, which otherwise he would have lost, together with a substsntial down payment. | |
| Exit strategy | The Borrower expects to pay us off out of the proceeds of one or more parcels of the property. | |
| Outcome | The loan has been repaid in full. |
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