1. Grandbridge Real Estate Capital North Carolina CCIM — 2011

2. Loans are subject to credit approval Commercial / Multifamily Mortgage Bankers Originations Index 2001 quarterly average = 100

3. Loans are subject to credit approval Commercial / Multifamily Mortgage Bankers Originations Index By Investor Group

4. Loans are subject to credit approval Commercial / Multifamily Mortgage Bankers Originations Index By Investor Group

5. Loans are subject to credit approval Commercial / Multifamily Mortgage Bankers Originations Index By Investor Group

6. Loans are subject to credit approval Commercial / Multifamily Mortgage Bankers Originations Index By Property Type

7. Loans are subject to credit approval Commercial / Multifamily Mortgage Bankers Originations Index By Property Type

8. Loans are subject to credit approval Commercial / Multifamily Mortgage Bankers Originations Index By Property Type

9. Loans are subject to credit approval CMBS Delinquencies in the United States Fitch-rated transactions Percentage of CMBS loan balances in Fitch- rated deals that are delinquent by at least 60 days or in foreclosure Feb. 2011 (%) Month Earlier (%) Year Earlier (%) Multifamily 17.5817.408.97 Hotel 14.3314.4316.61 Industrial 9.408.534.16 Retail 7.046.885.09 Office 5.855.50 3.50 OVERALL 8.768.596.29

10. Loans are subject to credit approval CMBS and Loan Spreads CURRENT 6 Months

11. Loans are subject to credit approval Grandbridge | Raleigh Bob Hukill, Senior Vice President 700 Spring Forest Rd | Raleigh, NC 27609 919-871-6300 office | 919-696-6001 mobile bhukill@gbrecap.com For more information about Grandbridge, please visit www.gbrecap.com www.gbrecap.com