INTEREST RATES & INCOME LOANS.

INTEREST RATES & INCOME LOANS

INCOME PROPERTY LOANS

RATES AS OF NOVEMBER 7. 2001


                        TYPE  RATE    LTV  POINTS  MARGIN  ADJUST


Action Lending          Res   6.750%  90   1.250   NA      F
CalFed Lending          MDU   6.250%  75   1.992   NA      F
Chase Manhattan         MDU   6.750%  70   1.750   NA      F
Downey Savings          Res   6.250%  75   1.875   NA      F
First Federal Bank      MDU   6.706%  75   2.200   2.600   1M
Hawthome Savings,FSB    MDU   7.750%  75   1.000   2.500   6M
PFF Bank & Trust        Res   6.750%  70   2.000   NA      F
Provident Bank Mtg.     Res   6.250%  75   1.750   NA      F
Union Bank              MDU   6.750%  65   2.000   NA      F
United California Bank  Res   7.125%  70   1.625   NA      F
World Savings Bank      Res   6.400%  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
Hawthome 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 qulity" - 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
to the above organizations or products.

GUIDE TO ABBREVIATIONS

Type Com = Commerical; MDU = Multi. Dwelling Units; Ind = Industrial;
Res = Residental; 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 ration (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 loans 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.