| Loan Terms |
| Amount: | $100,000 to $20,000,000 |
| Maturities: | 5 to 15 years |
| Amortization: | Maximum of 30 years |
| Interest Rates: | Fixed interest rates priced at a spread competitive over the comparable maturity U.S. Treasury Note. The spread will be determined by the relative credit quality of the loan. |
| Security: | First Mortgages (or Deeds of Trust) only |
| Personal Guarantees: | Program Dependent |
| Prepayment: | Flexible terms |
| Secondary Financing: | Flexible terms |
| Request for Submission: | A Midwest underwriter can determine suitability of the loan request by telephone. |
| Issuance of Application: | Midwest will either issue an Application or reject the loan request within two weeks of receiving a complete loan submission. |
| Site Inspection: | Within three weeks of receipt of the accepted Application and Application fee (if applicable). |
| Issuance of Commitment: | Within 30 days of receipt of accepted Application and Application fee. |
| Closing: | Within three weeks of Midwest's receipt of satisfactory third party reports not to exceed 90 days after Commitment acceptance. |
