are these good terms for dscr

[Shawn Krieger]

TBD, LLC

No. of Properties 1

Quote Date 10/20/2023

Property Value $ 549,000

Rental Income $ 8,125

Taxes $ 6,339

Homeowners Insurance $ 1,974

HOA (if applicable) $ 0

The above information was used to calculate your quote

Summary Terms 75% LTV

Loan Amount $ 411,750

Rate 9.750 %

Origination Fee $ 8,235

Buy up/down $ 0

Underwriting and Processing Fee $ 2,585

Prepayment Penalty 5, 4, 3, 2, 1

Payment (P&I only) $ 3,538

Payment (PITIA) $ 4,230

Cash Due at Closing $ 166,344

Cash to borrower $ 0

The Interest Rate expressed in this Estimate of Costs is indicative of the interest rate offered by Lender as of the date of the

Estimate. This is for information purposes only an does not constitute a rate lock, and the interest rate is subject to change

based on prevailing interest rates.

Estimate Date: 10/20/2023

Preliminary Estimate of Costs

Rental Loan - Fixed

Estimate Date: 10/20/2023

BORROWER SUMMARY

Borrower TBD, LLC

Estimated Value Of Property $ 549,000

Number of Properties 1

Borrower Credit Score 700

Term and Amortization Period 30 years

Loan Amount

75% LTV

$ 411,750

PAYOFFS AND LOAN COSTS

Purchase Price of Properties $ 549,000

Payoff of Mortgage(s) on Properties $ 0

Origination Fee $ 8,235

Buy Down/Buy Up Not Opted $ 0

Underwriting and Processing Fee $ 2,585

Legal Fee $ 1,500

Broker Fee $ 12,353

Broker Processing Fee N/A

IMPOUNDS & 3RD PARTY TITLE FEES

Estimated 3rd Party Closing Costs (title, reconciliation, etc.) $ 1,500

Estimated 6 Month Tax Impound, Subject to Change $ 3,170

Estimated 6 Month Insurance Impound, Subject to Change $ 987

Interest Reserve Escrow $ 0

Estimated Cash Due From Borrower at Close 1 $ -166,344

RATE

Qualifying Interest Rate 9.750 %

Rate Buy Up/Buy Down 0.000 %

5 Year Prepayment Penalty: 5, 4, 3, 2, 1 0.000 %

Initial Fixed Interest Rate 2 9.750 %

MONTHLY PAYMENTS

Monthly Principal & Interest Payment $ 3,538

Monthly Payment of Taxes and Insurance $ 693

Monthly Payment of HOA Dues, paid to HOA $ 0

Total Monthly Payment (PITI) $ 4,230

RENTAL INCOME

Estimated Monthly Rental Income $ 8,125

Rent to Debt Service Ratio 1.92

ADDITIONAL INFORMATION

1. Cash to close qgures include an estimation of 3rd party Closing Costs, which will be charged by your selected title company.

2. The Interest Rate expressed in this Estimate of Costs is indicative of the interest rate offered by Lender as of the date of the Estimate. This is for information purposes only,

does not constitute a rate lock, and the Interest Rate is subject to change based on prevailing interest rates.

PAGE 2 OF 3

Preliminary Estimate of Costs

Rental Loan - Fixed

Estimate Date: 10/20/2023

Disclosures and Contingencies

ADDITIONAL CASH REQUIREMENTS

Re-uired Li-uid Reserves $ 12,691

Valuation Fee TBD

INTEREST RESERVE ACCOUNT

So long as no Event of Default has occurred and is continuing and no event with the passage of time and/or the giving of notice would constitute a default hereunder

or under any other Loan Documents have occurred. Lender shall credit, the Interest Reserve towards the then due interest, principal, tax, and insurance payment under

the Note.

PREPAYMENT PENALTY

Prepay penalty is 5% in year 1, 4% in year 2, 3% in year 3, 2% in year 4, 1% in year 5. After year 5, there is no prepay penalty.

OPEN PREPAY OPTION

Prepay penalty will be applied to any prepayments of the scheduled principal balance during the prepayment period.

PERSONAL GUARANTY

All loans must be personally guaranteed by all members of the borrowing entity.

PRELIMINARY ESTIMATE IS SUBJECT TO CHANGE

This estimate of costs is contingent upon full borrower and property underwriting.

BUSINESS PURPOSE

The Rental30 Loan is for business purpose use only, speciqcally, for real estate investors purchasing, reqnancing, or cashing’out of non’owner occupied, rental