$6.8 Million Loan Request for the

Refinance of the

Tru by Hilton of Knoxville, TN

Terms and Conditions

You are given access to this loan proposal memorandum because Scientific Capital has determined that you (LENDER) have indicated that you have interest in reviewing this loan request and the lending capacity in offering this loan. The information provided in this memorandum is confidential and may only be shared with LENDER’s internal staff and should not be shared with other lenders, brokers, vendors, and third parties unless authorized by Scientific Capital. LENDER is not authorized to pull credit from the borrowers unless the borrowers have signed LENDER’s authorization form.

This memorandum is prepared by Ramin Mostaan and any questions or comments should be directed to him at the following contact information:

Ramin Mostaan
Scientific Capital
949 477 5000 (Office)
949 302 8300 (Cell)
ramin@scicap.com

Transaction Overview

Purpose

To refinance the 86-room Tru by Hilton in Knoxville, TN, to facilitate a partner buyout and generate approximately $269,000 in cash-out proceeds.

Project Strength

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Project Challenges

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Proposed Financing Structure

Proposed Collaterals

First Deed of Trust on the subject property and first lien on the security interest
Additional collateral pledged by the borrower: NONE
Additional guarantee pledged by the borrower’s affiliates: NONE

Sources of Repayment

Primary source of repayment: The rent paid by occupants of the subject hotel
Secondary source of repayment: Borrower’s personal excess cashflow and liquid assets
Tertiary source of repayment: Liquidation of the property anticipated to be a 75% loan to appraised value
Final source of repayment: Enforcement of guarantee