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INTEREST RATE, FEASIBILITY AND/OR §1111(B) ASSIGNMENTS GOLF RESORT Property Name: Ford’s Colony Golf Club Client: Alston Bird LLP Property: The property is an upscale 54-hole semi-private, resort oriented golf facility located in Williamsburg, Virginia. Debt and Valuation: Prudential Life Insurance Company held a $17.7 million claim with a stipulated collateral value of $10.5 million. Assignment: Determine the appropriate interest rate and terms for the Debtor repayment of the lender’s claim amount. Disposition: Case settled.

MULTI-FAMILY APARTMENT COMPLEX Property Name: Brittany Place Apartments Client: Nelson Mullins Riley & Scarborough LLP Property: The property is a class C garden style multi-family apartment complex with 120 rental units, located in Fayetteville, North Carolina. Debt and Valuation: Beal Bank (thru CLMG Corp.) held a $4.2 million claim with a collateral valuation of approximately $4.0 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization. Disposition: Case settled.

TIMBER AND HUNTING LAND Property Name: Undisclosed Client: Undisclosed Property: The property contains thousands of acres of land operating as a timber and recreational hunting tract in the southeast United States.


INTEREST RATE, FEASIBILITY AND §1111(b) ASSIGNMENTS

Debt and Valuation: The lender held a secured debt of several million dollars secured debt with an estimated collateral value of approximately twenty percent. Assignment: Formulate the range of appropriate interest rates and terms so that t,he lender may consider its options and workout strategy. Disposition: Workout in progress

RETAIL SHOPPING CENTER Property Name: Harvest Oaks Retail Center Client: Womble Carlyle Sandridge & Rice, LLP Property: The property is a class B retail shopping center with approximately 98,000 square feet of rental space located in Raleigh, North Carolina. Debt and Valuation: LNR Partners, LLC (succeeded by Ram Realty Services) held a $14 million claim with a court determined value collateral value of $13.3 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization with an §1111(b) analysis. Disposition: Case settled.

MIXED-USE OFFICE AND RETAIL CENTER Property Name: Smithville Crossing Mixed-Use Office/Retail Center Client: Nelson Mullins Riley & Scarborough LLP Property: The property is a lower class B mixed use office and retail condominium project comprising approximately 41,000 square feet of rental space and 33,000 square feet of excess land located in Southport, North Carolina. Debt and Valuation: The lender, Rialto Real Estate Fund, L.P., held a $4.65 million secured debt with an estimated collateral value of $2.5 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization including an §1111(b) analysis. Disposition: Plan amended, case confirmed. Lender purchased Debtor’s equity at a “LaSalle” auction.

INDUSTRIAL WAREHOUSE Property Name: Wyatt Industrial Building Client: K&L Gates LLP 2|Page January 4, 2013;

*indicates an ongoing assignment


INTEREST RATE, FEASIBILITY AND §1111(b) ASSIGNMENTS

Property: The property consists of a class C industrial warehouse space with approximately 97,000 square feet of rental space located in Raleigh, North Carolina. Debt and Valuation: Paragon Commercial Bank held a claim of approximately $1.25 million with an approximate collateral value of $2.5 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization. Disposition: Case settled.

CONVENIENCE STORE Property Name: J. Peaceful Convenience Store Client: Louis X. Amato, P.A. Property: The property consists of approximately 10,000 square feet of retail and office space, a car wash, a 2,500 square foot canopy covering five double sided fuel dispensers and two underground storage tanks on a 1.6 acre site located in Naples, Florida. Debt and Valuation: Capital Bank held a $2.6 million claim, with an approximate collateral value of $3.1 million. Assignment: Determine the appropriate interest rate and feasibility of Debtor’s Plan of Reorganization. Disposition: Case settled.

RETAIL STRIP CENTER Property Name: Odyssey Magnolia Point Client: Broad and Cassel, P.A. Property: The property consists of two class B retail buildings totaling approximately 15,000 square feet of rentable space located in the Ocala, Florida. Debt and Valuation: Banco Popular held a $2.6 million claim with an estimated collateral value of $3.3 million. Assignment: Provide an analysis of various §1111(b) and reorganization repayment plan terms so that the lender may consider its options and case strategy. Disposition: Case settled/withdrawn.

MEDICAL OFFICE BUILDING Property Name: Undisclosed Client: Undisclosed 3|Page January 4, 2013;

*indicates an ongoing assignment


INTEREST RATE, FEASIBILITY AND §1111(b) ASSIGNMENTS

Property: The property consists of a class A medical office building of approximately 100,000 square feet located in the southeast United States. Debt and Valuation: The lender held a claim in excess of $15 million with an approximate collateral value of $7 million. Assignment: Provide an §1111(b) analysis based on various claim and value assumptions to assist the lender in its bankruptcy strategy and negotiations.

UNDEVELOPED URBAN LAND TRACT Property Name: Cabi SMA Tower 1 Client: GrayRobinson, P.A. Property: The property consists of an entire city block (2.73 acres) zoned for a high-density, high-rise mixed use development located in downtown Miami, Florida. Debt and Valuation: HSBC Bank (succeeded by Ram Realty Services) held a $30.5 million claim with a stipulated collateral value of $17 million. Assignment: Determine the feasibility of the Debtor’s Plan of Reorganization including an §1111(b) election. Disposition: Case settled, joint plan approved.

MULTI-FAMILY APARTMENT COMPLEX Property Name: Steeplechase Apartments Client: Frost Brown Todd LLC Property: The property is a class C multi-family property consisting of 404 townhouse style units contained within 163 buildings, located in Columbus, Ohio. Debt and Valuation: Fannie Mae held a $19.2 million claim with an estimated collateral valuation of approximately $7.5 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization including an §1111(b) election. Disposition: Case settled.

LIMITED SERVICE HOTEL Property Name: Holiday Inn Express - Waterford Hotel Client: Weltman, Weinberg & Reis Co. LPA Property: The property consists of a 102 room limited service hotel, branded as Holiday Inn Express, located in north Detroit, Michigan. 4|Page January 4, 2013;

*indicates an ongoing assignment


INTEREST RATE, FEASIBILITY AND §1111(b) ASSIGNMENTS

Debt and Valuation: Bayview Loan Servicing (acting on behalf of purchasers of a defaulted CMBS loan) held a claim of approximately $5.7 million with an approximate collateral value of $3 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization including an §1111(b) election. Disposition: Case settled.

LIMITED SERVICE HOTEL Property Name: Tarpon Lakeside Resort Client: Buddy Ford, P.A. Property: The property consists of a 99 room independent limited service hotel with an accompanying 300 seat upscale restaurant, located in Palm Harbor (Tampa), Florida. Debt and Valuation: PNC Bank held a claim of approximately $7.8 million with an approximate collateral value of $2.5 million. Assignment: Determine the feasibility of the Debtor’s Plan of Reorganization including the §1111(b) election of the lender.

LIMITED SERVICE HOTEL Property Name: Holiday Inn Express & Suites – Port St. Lucie Client: Buddy Ford, P.A. Property: The property consists of a 93 room limited service hotel, branded as Holiday Inn Express & Suites, located in Port St. Lucie, Florida. Debt and Valuation: BB& T Bank held a claim of approximately $10.75 million with an approximate collateral value of $5 million. Assignment: Determine the feasibility of the Debtor’s Plan of Reorganization including the §1111(b) election of the lender.

MIXED USE OFFICE-RETAIL COMPLEX* Property Name: 510 Glenwood – Burcam Capital Client: Venable, LLP Property: The property is a mixed use office, retail, parking, and residential condominium facility property located in the southeast United States. 5|Page January 4, 2013;

*indicates an ongoing assignment


INTEREST RATE, FEASIBILITY AND §1111(b) ASSIGNMENTS

Debt and Valuation: A special servicer held a claim in excess of $15 million claim on the office, retail and parking portions of the facility with an estimated collateral valuation in excess of the claim. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization.

UNDEVELOPED LAND TRACT* Property Name: Olson Client: McCalla Raymer Property: The property consists of substantial acreage of potential residential development land located in the southeast United States. Debt and Valuation: A large regional bank held a claim in excess of $1 million with a collateral value of $750 thousand. Assignment: Determine the feasibility of the Debtor’s Plan of Reorganization including an §1111(b) election.

MULTI-FAMILY APARTMENT COMPLEX* Property Name: Arlington Village Apartments Client: Foley & Lardner LLP Property: The property is a class C multi-family property consisting of 151 townhouse style units, located in Jacksonville, Florida. Debt and Valuation: Fannie Mae held a $3.6 million claim with an estimated collateral valuation of approximately $2.8 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization.

SELF-STORAGE FACILITY* Property Name: All Area Self Storage Client: Gilligan, King & Gooding, P.A. Property: The property is a class B self-storage facility, with 380 climate and non-climate controlled units and a Penske rental center, located in Ocala, Florida. 6|Page January 4, 2013;

*indicates an ongoing assignment


INTEREST RATE, FEASIBILITY AND §1111(b) ASSIGNMENTS

Debt and Valuation: The lender, a successor to TD Bank, held an approximate $1 million claim with an estimated collateral valuation of approximately $1.2 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization.

INDIVIDUAL CHAPTER 11 Property Name: (1) 60th Street Retail Center and (2) Mequon Industrial Warehouse (Flex Space/Showroom) Client: von Briesen & Roper, s.c. Property: The properties are a 20 thousand square foot retail center and a 24 thousand square foot industrial flex building located in Milwaukee, Wisconsin. Debt and Valuation: MIL Acquisition Venture, L.P. held two claims totaling $2.8 million claim with an estimated collateral valuation of approximately $2.25 million. Assignment: Determine the appropriate interest rate for each property, and feasibility of the repayment of the Debtor’s Plan of Reorganization.

MULTI-FAMILY APARTMENT COMPLEX* Property Name: Nine Individual Multifamily Properties Client: von Briesen & Roper, s.c. Property: The property is a nine class C multi-family properties consisting of 960 townhouse style units, located in Jacksonville, Florida and Orlando, Florida. Debt and Valuation: Fannie Mae held a $18 million claim with an estimated collateral valuation of approximately $6.6 million. Assignment: Determine the appropriate interest rate for, and feasibility of, the Debtor’s Plan of Reorganization including under the prospects of the 1111(b)(2) election.

NAPLES BAY RESORT Property Name: Naples Bay Resort Client: BergerSingerman P.A. Property: The property is an upscale resort with hotel, marina and additional amenities. Debt and Valuation: The note holder held a claim win excess of an estimated collateral valuation of approximately $6.6 million. Assignment: Determine the feasibility of competing plans of Plans of Reorganization. 7|Page January 4, 2013;

*indicates an ongoing assignment


Descriptions of Completed Interest Rate and Feasibility Studies