Eu EAST WE ST BANK PROPERTY ADDRESS: 786-810 East Pico Boulevard. Los Angeles. CA 90021 The subject property, known as Stanford Regency Plaza is located in the Fashion District area of Downtown Los Angeles. The subject site is bounded by Pico Boulevard on the north, Stanford Avenue on the east and 14th Street on the south. PROPERTY TYPE/ DESCRIPTION NUMBER OF BUILDING/UNITS/SIZE 131 commercial condominium units on 3-level plus one rooftop office over 4 subterranean levels with one-level of "basement" commercial and 3-level of parking Unit sizes range approximately 600 to 1,900 SF with an average of 1,113 SF totaling 148,076 SF of gross leasable area. ZONING M2-2D (light Industrial) APN: 5132-019-038; 039 & 040 PARKING 367-space PROJECT COMPLETION % 80% as of 09/18/09 Aggregate Retail: $78,600,000 APPRAISAL VALUE as of 10/26/2006 Bulk Sale: $69,030,000 Stabilized: $72,870,000 TOTAL FACILITY $47,500,000 EAST WEST BANK PORTION-30% $14,250,000 EAST WEST BANK BALANCE $11,849.163.61 as of 10/16/09 NOTE DATE 03/13/07 MATURITY DATE 01/27/10 INTEREST RATE / DEFAULT RATE 6-mo. LIBOR + 5.75% / Add 5.00% margin FLOOR RATE 7.0% NOD DATE N/A Borrower: Stanford Regency Plaza. LLC Loan Number: 90000029022 EFTA00730241