Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113

Tremont LANDINGSHistoric Tremont district

Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113

CONTENTSTRANSACTION SUMMARYLOAN PURPOSEPROPERTYAREA & NEIGHBORHOODCOLLATERAL VALUEEXIT STRATEGY

34456-78

This summary sheet sets forth an opportunity to lend on 6 townhomes, un upward trending historic Tremont in Cleveland, Ohio

Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113

transaction summary

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LOAN NAME

BORROWER

ANTICIPATED FUNDING DATE

COLLATERAL

LOCATION OF COLLATERAL

COLLATERAL VALUE

LOAN AMOUNT

INTEREST RATE

ESTIMATED LTV

TERM

xxxxx

xxxxx

6 towntomes to be constructed

Historic Tremont Cleveland, Ohio

$2,725,000.00 (A)

$1,771,250.00

TBD %

65% (B)

24 months (C)

xxxxx

Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113

loan purposeThe loan will be used to construct 6 new townhomes in Historic Tremont District at a total cost of $1,725.00. A portion; $339,000.00 will be used for demolition, city planning & review which takes approximately 6 months for approval. Upon city approval, the remaining $1,201,500.00 will be requested on a draw schedule as construction percentages deem necessary.

propertyTremont Landings will be a town home development located in the Historic District of Tremont in Cleveland, Ohio. The town homes will be within walking distance to over 20 finer boutique shops, 15 art galleries and 38+ unique dining experiences to tempt your pallet for food from around the world. The development consists of - 2/3 bedroom town homes with the option for a bonus or ‘Flex’ room. All homes will have a 2 car capacity keeping off street parking to a minimum. The square footage will be approx 2054sqft. Property taxes are abated for 15 years from date of completion as we will comply with grgreen energy building code

The project will be completed in 1 phase of 6 homes. The 4 story homes will offer walk out roof top verandas that will give the new homeowners a view of Downtown Cleveland. And let’s not forget the Cleveland Indians, who love to spoil the winning streaks of their rivals when they come visit us at Progressive Field. On the weekends a fire-work show or two can be seen from verandas of Tremont’s Starkweather

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Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113

area & neighborhood

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Historic District Tremont in Cleveland, Ohio is a throwback to yesteryear with a flair for today's millennial generation. Originally settled by Eastern Europeans, Ap- palachians, Greeks, Polish and African-Americans, Tremont is one of Cleveland's old- est neighborhoods with architectural gems evoking its rich cultural heritage.

TTremont was once named University Heights in tribute to the hosting of the city's first institution of higher learning - Cleveland University - which operated in the neighbor- hood from 1851 to 1853. The current street names "Professor", "College", University" and "Literary" are remnants of this period.

The name of the neighborhood was changed later to Lincoln Heights to commemorate the area's role as the site of two Union Army camps during the Civil War.The small town character fosteThe small town character fostered by the isolation created by the development of the interstates along with the unique mix of architectural styles and proximity to Down- town, has spurred a renewed interest in urban living in the neighborhood.

In the 1970s and '80s, artists began to settle in the area, drawn by the fantastic homes and churches, downtown and river views, cheap studio space - as well as the unique European feel of the neighborhood. Their presence made the community exciting again, and hard work by neighbors, business owners and institutions resulted in a resulted in a rebirth of Tre- mont. Today, the neighborhood is home to artists and galleries, award-winning restaurants featuring fine food and au- thentic ethnic cuisine, boutique shops, upscale housing and rehabbed Victorians, churches, institutions, parks, libraries and coffee shops.

Tremont’s mission is “to serve Tremont by organizing an inclusive community, building a unified neighborhood, and promoting a national destination."

Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113

collateral value5 Townhome Units to be constructed. 2054 sqft

9-28-17: BPO for vacant land. We have acquired 3 parcels. Additional 10 feet available (30k) for curb appeal.Upon the razing of the 2 existing buildings and assembling the 3 parcels, each respectively .06+.06+.07, we will have a combined raw land total of .19 acre for the construction of 5 town-homes. Current sales of vacant lots in Tremont are trending upwards as noted. Values range from $90,000/lot to $100,000/lot. Vacant land is extremely limited in Tremont. Recent land activity shows the average price to be approaching $1,858,974/acre. Tremont Landings will have an immediate land value of $353,206.00$353,206.00. See below:

6 Town home Units to be constructed.XXXXXXX will release an initial pre-construction offering with sales pricing beginning in the mid $400,000.00's with anticipated sales to be in the upper $400,000.00 to lower $500,000.

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Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113 7

Shoreway Realty Group • 4204 Detroit Ave Cleveland, Ohio 44113

exit strategy

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XXXXXXXX anticipates a time frame of 18 months , to market, build and sell the units. The finished town homes will be pre-marketed for sale and we anticipate pre-sales to average 1-2 before framing begins.

Sales should be brisk as the city offers a 15 year tax abatement for newly constructed homes in Tremont that meet the green energy building standards. Proceeds from sales will be paid proportionately to investor(s) to reduce their exposure.