Lender: Matt Corse Contact #: Email Address: WELLS FARGO ...

WELLS FARGO BUSINESS LENDING

Lender: Contact #: Email Address:

Prepared For:

Matt Corse (805) 760-5920

matthew.corse@

MIKE WAX

826 Calle Plano ? Camarillo ? CA

August 13, 2015

Conventional Fixed Rate Loan Scenario

Project Amount:

$1,101,576

(75% Loan to Value)

~ Conventional ? SBA 7A ? SBA 504 Comparison ~

SBA 7(a) Loan Scenario

Project amount:

(90% Loan to Value)

$1,101,576

SBA 504 Loan Scenario (25/25)

Project Amount:

(90% Loan to Value)

$1,101,576

Loan amount: Amortized over: Due In:

Interest rate range:

$826,182

30 yrs 10 yrs

low

4.75%

high

5.25%

Loan amount:

$991,418

Amortized over: Due In:

25 yrs 25 yrs

~ 45 Day Rate lock at time of commitment ~

SBA 7(a) interest rate:

4.50% Fixed

Monthly payment range: Cash Down Payment

low

$4,310

25%

high

$4,562

$275,394

Monthly payment: Cash Down Payment

$5,511

10% =

$110,158

Wells Fargo loan amount: SBA loan amount:

Amortized over/ Due in (WFB) Amortized over/ Due in (SBA)

$550,788

50%

$440,630

40%

25 / 25 yrs.

20 / 20 yrs.

Wells Fargo interest rate: SBA 504 interest rate:

Blended Rate

5.10% 4.89% 5.01%

$3,252 Mo. $2,960 Mo.

Monthly payment: Cash Down Payment

$6,213

10% =

$110,158

Wells Fargo :

Loan Fee Documentation Fee Procesing Fee

Out of pocket costs*:

Title and Insurance (Est.) Escrow Fee (Est.) Appraisal / Review (Est.) Environmentall / Review (Est.) Recording Fee **MISC. (Est.)

Estimated Cost Summary

0.50%

$4,131 $0 $0

$1,623

$1,150 $3,500

$0 $250 $500

SBA 7(a):

Guaranty Fee (paid directly to SBA) Wells Fargo Loan Fee Packaging Fee

Out of pocket costs*:

Title and Insurance (est.) Escrow Fee (est.) Appraisal / Review (est.) Environmentall / Review (est.) Recording Fee (est.) **MISC. (est.)

Estimated Cost Summary

Can be Finaced ? waived ? waived ? ? waived ? waived ?

$22,307 $0 $0

$1,843

$1,150 $3,500 $2,500

$250 $500

Wells Fargo & SBA:

Wells Fargo loan fee CDC Attorney fee Interim loan fee SBA 504 loan fee

Out of pocket costs*:

Title and Insurance (Est.) Escrow Fee (Est.) Appraisal / Review (Est.) Environmentall / Review (Est.) Recording Fee **MISC. (Est.)

Estimated Cost Summary

Can be Finaced Financed by SBA

$0 $2,500 $5,508 $12,117

$2,588

$1,150 $3,500 $2,500

$250 $500

Total Fees:

$11,154

Total Fees:

$32,050

Total Fees:

$30,613

25% Down Payment, Fees paid upfront Ballon Payment in 10 years (Other programs available)

10% Down payment 25 Years Amortization

Fees Can be financed Close in 30-45 days

10% Down Payment 20 Years Amortization

Fees Can be financed Close in 45-90 days

There may be Prepayment Penalty on fixed rate loans Close in 30-45 days

limited Prepayment Penalty-1st 3 years only (5%,3%,1%) Additional collateral may apply

10 year Prepayment Penalties Apply on SBA portion 504 rate is an estimate and does not lock until debenture funding

All rates, terms and conditions are subject to approval and can change based on market conditions and without notice

Other options are available and should be discussed with your Commercial Loan Officer

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