Available Bulk REO & Performing Note Packages June 2009

Make an offer regardless of the sales price or asking price!

To review tape: Make offer in the form of a “Letter of Interest” (we can provide) and sign the Mutual Non-Disclosure Agreement (we provide) and be prepared to provide Soft Proof of Funds for Seller review.

We have access to FDIC liquidation event properties, one of only 10 invited buyers.

We have earned this relationship through years of profitable business and only serious Buyers will be offered this opportunity.

If you want our representative to pull product for you at this event we need the required documentation from you.

A simple Letter of Intent detailing the product class and geographical area desired and absolute hard proof of funds in the amount you intend to use for the acquisition.

Section I. Your LOI (sample attached);

1. Identify the actual Buyer who will be delivering hard proof of funds.

2. Identify the product class you wish to purchase from the list below and the amount of capital you will spend on that inventory type. If you select more than one property class, identify separate capital amounts for each class.

3. Identify the Geographic location in which you wish to purchase, however reducing your take area will reduce the inventory available.

4. If you have a Buyer’s mandate or representative they must be named and the amount of fee to be paid to them disclosed.

5. The due diligence period is 14 days from inventory access to hard contract.

Section II. Property Classes;

A. Performing Commercial Notes        B. Non Performing Commercial Notes

C. Performing Residential Notes         D. Non Performing Residential Notes

E. Performing Corporate Notes           F. Non Performing Corporate Notes

G. REO Residential 1-4 Units             H. REO Multifamily 5-20

I.   REO Multifamily 20+                     J. REO Commercial/Retail

K.  REO Commercial/Office                L. REO Commercial/Industrial

M. REO Commercial Development      N. REO Residential Development

O. REO Vacant Land                         P. REO Business Hotel/Motel/Convenience

Q. Accounts Receivable                     R. Personal Property Auto/Boat/RV/Airplane

S. Personal Property Inventories         T. Mobil Home Park/RV Parks/ Recreational

Section III. Geographical Identification

A. Western States                              B. Southwest

C. Central States                                D. Northwest

E. Eastern States                               F. Northeast

G. Southeast                                      H. Southern

I. Rust Belt                                         J. Alaska, Hawaii

K. Name States in order of preference

Section IV. Required Institutional Hard Proof of Funds

A. Depository Statement in name of Buyer

B. Brokerage Account Statement in name of Buyer

C. Depository or Brokerage Name, address, phone number, Contact Name, Position and phone number (of Personal Banker, Account Manager or Corporate Counsel)*

*If you elect option C and your contact does not hard proof your funds by affidavit or method A or B no product will be pulled for you.

Section V. Procedure

A. Your LOI properly completed with signature must be received via e-mail.

B. The representative will be purchasing as a principal and it will take at least 3 days for the Inventory he acquires to be split out to the respective Buyers.

C. When the breakout is completed your package information will be forwarded to you.

D. In all purchases, there will be a 14 day Due Diligence period prior to hard contract and you do not have to close on inventory not in compliance with your LOI.

Many of you have been waiting for actual, well valued inventory to be available.

This is the best opportunity we have seen for our clients to purchase pre bid inventory on a wholesale level.

There will be no purchases made unless all the above documentation has been delivered. If you are unable to complete the list above in the given time frame please complete the documentation listed above in order to be ready for the next round.

There is no guarantee that this opportunity will occur again but should it occur, there will be very little notice. The selling prices should amaze you, the contact is direct and our representative was invited and approved by the FDIC. Time is of the essence.

Here is an example of the LOI we need:

Company Letterhead: LOI must be on

Date:  Jxxx XX, 2009

From:  Companies Name

Attn:  Joe Tufo, President: Cash Flow Specialists, Inc.

Property Type: Include all the property types interested in

Purchase price: describe property (e.g. sfr, commercial, office) then put in the range that you are willing to pay (e.g. 30-60 ltv off of unpaid balance, or BPO etc)

Then language something to the effect of –   Please provide us the data of all “bulk” trade properties available for acquisition. The outline below is a summary of what we are looking for:

1. Order Amount:

2. Property type:

3. Price Ranger per asset: e.g. homes between 100k-350k

4. property condition: no rehab, light rehab

5. LTV: range you are willing to buy

6. Occupancy :

7. Preferred Geographical Location:

8. Financing:

9. proof of funds ( reputable banking institution, contact name, and account number to verify )

We are looking to establish a long term client relationship and acquire quality properties at a volume discount.

Please contact me with any questions, concerns or comments. Thank you.

CEO

Company

Address

Numbers

REO SFR Package

25 SFRs and couple of duplexes All in GA.

BPO to be determined in Escrow estimated value is 2.7 million

Sales Price = $1,334,270

PACKAGE # 5-4j — AVAILABLE — 6/09/09

REO unfinished Condos Package with 10K commercial leased 20+ years

70+ SFR all in downtown Los Angeles, CA

Units are 800 to 1500 square feet

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4k — AVAILABLE — 6/04/09

REO SFR

28 SFR in GA, NC, VA,WV, MD,

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4L — AVAILABLE — 6/9/09

REO SFR

103 SFR in AZ, CA

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4m — AVAILABLE — 6/9/09

REO 10 SFR in NV

BPO to be determined in escrow (make an offer)

Owner estimate $1.4 million

Make offer Plus 3 % in fees

PACKAGE # 5-4n1 — AVAILABLE — 6/9/09

REO SFR – 22 SFR in CA, Los Angeles

BPO estimate $7,039,000

Asking Price: $4.426 million

Make offer Plus 3 % in fees

PACKAGE # 5-4o1 – PENDING — 6/9/09

REO SFR – 7 SFR in Los Angeles, CA

BPO to $982,205

Asking Price: $879,278

Make offer Plus 3 % in fees

PACKAGE # 5-4p — PENDING — 6/09/09

REO SFR – 10 SFR in Los Angeles, CA

BPO to $3.273 million

Asking Price: $1,816,499

Make offer Plus 3 % in fees

PACKAGE # 5-4r — AVAILABLE — 6/09/09

REO – 97 Florida SFR

BPO to be determined in Escrow

Seller will accept 60 cents of current BPO

Make offer Plus 3 % in fees

PACKAGE # 5-4s – SOLD — 6/09/09

REO 102 SFR –  AL (5), CA (1), CO (1), FL (2), GA (3), IA (2), IL(34), IN (3), KS (3), KY (4)MA (1), ME(1),MI(6),MN(3), MO (4), NY (1), (9)

Asking price with fees is $896,000.00

Private Investor Sales

Make offer fees included

PACKAGE # 5-5 — STATUS –AVAILABLE 6/09/09

Non Performing Note Package Multi-family & Commercial assets including:

States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)

Apartments, Multi-family plus small retail, and office

49 notes valued at $57,044,686 – LTV average 70%

Priced at 81 cents on the dollar = $46,206,196

To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.

PACKAGE # 5-6 — –AVAILABLE 6/09/09

Performing Hotel 1st Trust Deeds for sale both borrowers

1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to

$2,473,910 – Available

Available for 81 cents on the dollar.

To review tape:

Make an offer in LOI for and include contract POF information.

PACKAGE # 5-10 — STATUS –AVAILABLE 6/09/09

Performing Hotel and Retail Notes for Sale

A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85 to 90% of their face value.

Floating Senior Loans

1)    Retail Portfolio- SR. Participation  20 retail centers, Various

2)    Mall 40+ Retail, VA

3)    Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD

4)    Industrial Portfolios , 41 industrial located in, Various states

Floating Rate B- Notes

1)    Hotel Portfolio Mezzanine, 42 hotels in Various states

2)    Virginia Mall Mezzanine, 44 Retail

3)    NYC Hotel Mezzanine, 27 hotel

4)    Florida Retail, 38 retail

5)    Pennsylvania Office, 33 office

6)    International Hotel, 57 hotels

7)    International Hotel, 57 hotels

8)    Metropolitan Office Mezzanine, 36 offices

9)    Metropolitan Office Mezzanine, 36 offices

10)  Luxury Hotel Mezzanine , 39 hotels

11)  Luxury Hotel Mezzanine , 39 hotels

12)  Luxury Hotel Mezzanine , 39 hotels

13)  Metropolitan Hotel Mezzanine, 27 hotels

14)  Metropolitan Hotel Mezzanine, 27 hotels

15)  Hawaii Hotel B-note, 39 hotel

16)  Hawaii Hotel B-note, 39 hotel

Fixed Loans

1)    Michigan Office , 105 Offices

2)    Ohio Offices , 107 Offices

PACKAGE # 5-26 — STATUS –AVAILABLE 6/09/09

Performing Notes for sale Arkansas

Hospital Performing

Payers credit over 700 FICO

Remaining Balance $107,000

Make offer

PACKAGE # 5-27 — STATUS –AVAILABLE 6/09/09

Performing Notes for sale Washington DC – 83,411 Square Feet

south of Class B Washington DC Suburban Office Property — 83,411 SF

$7.8M Owners valuation – Property is 100% occupied

Bank is willing to take 20% off, we are direct to bank

ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)

PACKAGE # 5-28 — STATUS — AVAILABLE 6/09/09

REO SFR LAND package

233 SFR Lots located in various states  FL, NC,SC,

Owner BPO  =$6.1.million

Make offer Plus 3 % in fees

PACKAGE # 5-29 — STATUS — AVAILABLE 6/09/09

REO Commercial LAND package

18 Lots located in various states  FL, NC,SC,

4 commercial, 3 office buildings, 3 Convenience stores

Owner BPO  =$71.3.million

Make offer Plus 3 % in fees

PACKAGE # 5-30 — STATUS — PENDING 6/09/09

REO SFR Los Angeles, CA

99 Single Family homes

BPO = 20,788,073

Price = 11,433,440

3.0% fees included in the Price

zip codes:90001,90002,90003,90026, 90037, 90011,90016 90018,90022,90032,90042,90044,90047,90059,90060,90061,90063,90065

PACKAGE # 5-31 — STATUS — PENDING 6/09/09

REO SFR Orange County, CA

73 Single Family homes 3+ bedroom, 2+ Baths

BPO = 26,354,574

Prices = 15,285,652

zip codes: 92831,92832,92833,92835,92675, and 8 SFR total in 91723,91724,91722,91724

PACKAGE # 5-32 — STATUS — AVAILABLE 6/09/09

REO COMMERCIAL Orlando, FL

5K Sq.ft., 1+ AC Historic 2 Story

BPO = $4.9 million

Asking = $3.3 Million

PACKAGE # 5-33 — STATUS — AVAILABLE 6/09/09

REO COMMERCIAL Spartanburg, SC

30K Sq,ft. Hotel

BPO = $20 million

Asking = 18.00 Million

PACKAGE # 5-34 — STATUS — AVAILABLE 6/09/09

REO COMMERCIAL Columbia, SC

7+K Sq.ft. Restaurant

BPO = $1.7 million

Asking = $1.15 Million

Fees included

PACKAGE # 5-35 — STATUS — AVAILABLE 6/09/09

REO COMMERCIAL Tampa, FL

16K Sq.ft., Office Building

BPO = $1.0 million

Asking = $690K

Fees included

PACKAGE # 5-37 — STATUS — available  6/09/09

REO COMMERCIAL , NC

2,8K Sq.FT. Convenience store

BPO= $525K

Asking = $ 357K

Fees included

PACKAGE # 5-38 — STATUS — available  6/09/09

REO COMMERCIAL, GA, 4.3K Sq.ft. commercial building

BPO= $370K

Asking = $ 251K

Fees Included

PACKAGE # 5-39 — STATUS — available  6/09/09

REO COMMERCIAL, SC, 2.3K Sq.ft. convenience store

BPO= $350K

Asking = $ 231K

Fees Included

PACKAGE # 5-40 — STATUS — available  6/09/09

REO COMMERCIAL , NC, .8  AC. Convenience store

BPO= $370K

Asking = $ 251K

Fees Included

PACKAGE # 5-41 — STATUS — available  6/09/09

REO COMMERCIAL , FL, 4.3K Sq.ft. Office building

BPO = $380K

Asking $258K

Fees Included

PACKAGE # 5-42 — STATUS — updated  6/09/09

REO COMMERCIAL , NC, 2.8K Sq.ft. Convenience store

BPO= $274K

Asking $191K

Fees Included

PACKAGE # 5-43 — STATUS — available 6/09/09

REO COMMERCIAL , SC, 5K Sq.Ft.  Restaurant

BPO = 350K

Asking = $228K

Fees Included

PACKAGE # 5-44 — STATUS — available  6/09/09

REO COMMERCIAL , NC, 1.2K Sq. Ft. Office

BPO = $220K

Asking =$149K

Fees Included

PACKAGE # 5-47 — STATUS — available  6/09/09

REO 48 SFR – New York properties in – Bronx (6), Brooklyn (11), Far Rockaway (6), Floral Park (1), Jamaica (5). FARMINGDALE (1), FREEPORT (3), SAINT ALBANS (1), Cambria Heights (1), East Elmhurst (1), Pleasant Valley (2), POUGHKEEPIE (8), South Ozone Park (3),

BPO estimate: $14.5 million

Price:  Make an offer and include 3% fees

PACKAGE # 5-48 — STATUS — corrected  6/09/09

REO 12 projects in New York State some unfinished, total of 301 Apartments, 1 Commercial Condo

Cities:  NYNY (3), Brooklyn (5), Flushing (2), Yonkers (1), Jersey City (1)

BPO estimate: $70.9 million

Price:  Make an offer and include 3% fees

PACKAGE # 5-49 — STATUS — Revised  6/09/09

Non Performing (35) Notes

Colorado and Arizona – Commercial (3), Retail (3), Lots (8), SFR (13),Multi-Family(3), Retail (3), Office (4), Estate (1)

LTV % average 75%

Loan Value total is $57.6 million

Price:  Make an offer and include 3% fees

PACKAGE # 5-50 — STATUS — available  6/09/09

14 Waterfront Condos and boat lifts. The project is 85%, FL

BPO finished in 2008 = $7.5 million

Exclusive Bank Sale — Must submit LOI with SPOF contact information

Price:  Make an offer and include 3% fees

PACKAGE # 6-1 — STATUS — available  6/09/09

Non Performing Notes

14 office and retail New Units. 20,000+ sq.ft., FL

BPO to be determined in Escrow