Mason-McDuffie Financial Corporation, an INTERVEST affiliate ~ Current Interest Rates and Market News

MASON McDUFFIE
FINANCIAL CORPORATION
an INTERVEST affiliate
continuing a tradition since 1887

In 2006, Mason-McDuffie Financial Corporation became an affiliate of INTERVEST-Mortgage Investment Co. INTERVEST, which is headquartered in Oregon, is a wholly-owned subsidiary of Sterling Savings Bank. This affiliation allowed MMFC to greatly expand its operations throughout Northern California. We are now able to provide both construction and permanent loan funding for investment properties. MMFC is proud to become part of the INTERVEST family of construction and investment property mortgage companies.	INTEREST RATES INTERVEST and Mason-McDuffie Financial Corporation have exclusive resources which allow us to offer you highly competitive rates on almost all types of commercial mortgage loans for income-producing property.
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	RECENT TRANSACTIONS

			A $3,000,000 permanent loan was recently secured by Ken Brokaw on an existing office building in San Francisco, California. The owner acquired and upgraded the property approximately ten years ago and wanted to place conservative financing on the property. The building is leased to larger tenants with short term, roll-over exposure. Both lender and borrower mitigated this concern by structuring a fully amortizing loan on a short term basis. In addition, the owner wanted a ten-month forward commitment. Delaware Investments funded this loan and provided the owner with competitive terms.

			A $2.3 million forward commitment was arranged by Jim Sterling in April 2006. The loan funded in October when the final tenant, Smart & Final, completed it interior improvements and opened for business. This was a refinance on a former Longs Drug building which the purchased while vacant and subsequently leased to two new tenants.

			A $5,400,000 fixed rate loan on a class A office building in Berkeley was recently secured by Jim Sterling to complete the acquisition and refinance of this property. The property was 15% vacant at the close of escrow with the buyer to occupy the remaining space.