MVP Consulting, LLC

Private Placement Bond Financing

CTL - Bond Financing Program

MVP Consulting works with capital sources that have a specific niche in CTL Financing (Credit Tenant Lease) or Private Placement Bond Financing with a specialization in GSA Financing (Federal Government Financing). MVP and the capital sources have staff with over 30 years of single tenant financing experience and believe CTL Financing is a logical financing structure in the New Economy. Credit Tenants are investment grade and are rated BBB- (S & P) or better. (This is a requirement) What sets CTL Financing apart from traditional bank financing? 1. CTL Financing is non-recourse. 2. CTL Financing has interest rates that are fixed for longer periods of time (equal to lease term or life of project). 3. CTL Financing is at 100% Loan to Value. 4. CTL Financing has no maximum Loan to Cost (can be over 100% - example is reserve account). 5. CTL Financing has a lower minimum DSCR (1.00X 1.05X). 6. CTL Financing for new construction provides a long-term, fixed rate, locked prior to construction, with interest only payments during construction (Construction to Permanent Financing). 7. CTL Financing can extend the amortization period beyond the lease term with Residual Value Insurance (RVI) to increase loan proceeds. 8. CTL Financing offers a Forward Commitment option. A Forward Commitment locks in your rate today avoiding future interest rate risk. A Take-Out / Forward Commitment can help a developer secure bank construction financing.

Funds for CTL Financing are generated through Private Placement Bonds sold to pension funds and insurance company bond departments by the lenders bond agent. If you or your client is bidding (RFP, RFQ, and Unsolicited Proposal) on a GSA project, it is best to get MVP Consulting involved before bidding so that we can help you to structure the deal going in. MVP can work with its capital sources to help determine the required rent/income to achieve 100% of costs financing (including developer overhead and profit) or the desired cash on cash return on equity or in some instances cash back.

N5432 State Rd 35 - Onalaska, WI 54650 608-769-1631 Page 1

MVP Consulting, LLC

Types of projects that Qualify State, County, Federal or City Projects or Build to Suit / Lease Back Single Tenant Retail such as Wal-Mart, CVS, Costco, AutoZone, FedEx, Kohls, Home Depot, Kroger, Safeway, Staples, Walgreens, Target, Lowes, McDonalds Required Information to Underwrite Name of City Government Bond Rating Is Loan Request: Purchase, Refinance or Construction-to-Perm? Type of Project (Project Summary) Annual Rent/Income (Current Year or Projected Rent/Income for New Construction) Source of Income Any Annual Rent/Income Adjustments (Year and Amount of Increase or Decrease) Expenses (before management and replacement reserves) Project Commencement Date (Estimated Date of Completion for New Construction) Project income/Lease Expiration Date (FIRM TERM) For additional information please contact: Randall Burkhardt MVP Consulting 608 769 1631 rburkgolf@aol.com

N5432 State Rd 35 - Onalaska, WI 54650 608-769-1631 Page 2