Oxnard-Based Mortgage Pool Growing.

OXNARD, Calif. -- A real estate investment vehicle, formed by an Oxnard-based mortgage banking and investment firm, has achieved outstanding success over the past year.

The firm, Quality Home Loans, is headed by its founder and current president, John T. Gaiser. The vehicle is a no-load mortgage pool offering, titled "QHL Holding, Fund Ten, LLC." The pool is primarily comprised of premium first trust deeds. Over 95 percent of all capital last year was invested in first trust deeds.

The investment entity is a Limited Liability Company authorized by the California Corporations Commission (Permit File #309-3069) to raise up to $100 million for investments in trust deeds.

A year ago, first trust deed loans owned by the LLC totaled $2,068,000. That total is now about $11.5 million. The average loan-to-value ratio of the loans is 52.01 percent, and the average interest rate is 11.02 percent.

"Our mortgage pool offers significant advantages to investors," Gaiser said. "When a person or organization invests in this LLC they gain the advantage of investing in a diversified pool of trust deeds instead of a single instrument."

The mortgage pool is particularly attractive to investors who are looking for a continuing strong source of income. Quality Home Loans purchased, at its own expense, a $5,000,000 fidelity bond and a $1,000,000 Directors and Officers bond underwritten by Lloyds of London, as well as a $1,000,000 Errors and Omissions policy underwritten by Houston Casualty. These policies name the fund as an additional loss payee.

The investment pool is managed by Quality Home Loans, a mortgage banking and investment firm founded by Gaiser in 1989. Since the new offering is no-load, all costs and expenses of organizing the pool and raising funds are paid by the management company.

All loans in the LLC's portfolio are secured by real properties located in the United States. Most of the individual loans are secured by single family homes, ranging in value from $50,000 to $1 million.

The initial share price for investors is $1,000, with a minimum purchase of five shares. There are also income requirements for participants. Investors must be California residents.

For more information about the new QHL Holdings, Fund Ten, LLC investment opportunities, phone Quality Home Loans at 805-604-2757. Or e-mail Kevin Pound, Investor Relations Director, at: [e-mail].