INTEREST RATES & INCOME LOANS.

INTEREST RATES & INCOME LOANS

INCOME PROPERTY LOANS

RATES AS OF OCTOBER 24, 2001


                        TYPE   RATE   LTV  POINTS  MARGIN  ADJUST

Action Lending           Res  7.000%  90   1.125     NA      F
CalFed Lending           MDU  7.000%  75   1.719     NA      F
Chase Manhattan          MDU  7.000%  70   1.750     NA      F
Downey Savings           Res  6.500%  75   1.750     NA      F
First Federal Bank       MDU  6.706%  75   2.200   2.600    1M
Hawthrone Savings,FSB    MDU  8.000%  75   1.000   2.500    6M
PFF Bank & Trust         Res  7.000%  70   2.000     NA      F
Provident Bank Mtg.      Res  6.500%  75   1.875     NA      F
Union Bank               MDU  6.750%  65   2.000     NA      F
United California Bank   Res  7.000%  70   1.625     NA      F
World Savings Bank       Res  6.700%  70   2.500     NA      F




                        NOTES

Action Lending          N/O/O SFR
CalFed Lending          N/O/O 1-4 UNITS
Chase Manhattan         N/O/O 1-4 UNITS
Downey Savings          SFR N/O/O
First Federal Bank      5+UNITS
Hawthrone Savings,FSB   37+UNITS
PFF Bank & Trust        N/O/O SFR
Provident Bank Mtg.     N/O/O SFR
Union Bank              N/O/O 1+4 UNITS
United California Bank  SFR N/O/O
World Savings Bank      N/O/O SFR



The above rates reflect lender requirements such as soundness of
investment, underwriter guidelines and other considerations. In general,
rates are for "A quality"-building, location, and credit. Verify rate
and terms prior to applying for a loan. This information is presented
for comparison only and should not be construed as an endorsement of any
of the above organizations or products.

GUIDE TO ABBREVIATIONS

Type Com = Commercial; MDU = Multi. Dwelling Units; Ind = Industrial;
Res = Residential; Const = Construction. Rate (Interest rate) Start rate
for adjustable mortgages or note rate for fixed rate loans. A.P.R.s will
be higher.

LTV Loan to value ratio (in %) 100 minus LTV equals % down payment
needed.

Points Percent of loan balance paid to lender at time of loan closing.

Margin (in %) is lenders profit; margin plus index equals actual rate
after first adjustment.

Adjust Adjustment frequency: #M = number of months; #Y = number of
years; F = Fixed rate loan with no adjustment. (Note that all 1-month
adjustable loan have possible negative amortization)

Comments SFR = Single family residence; N/O/O = Non-owner-occupied;
APTS = Apartments; PUR = Purchase; PUD = Planned unit development;
PRI = Prime rate; CONV TO PERM = Converted to permanent rate.