Exhibit 99.1
Table VI
Description of Open Loans of Our Program and Prior Mortgage Programs
(unaudited)
NOT COVERED BY REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Three Year Summary of Loans Originated by Our Program and Prior Mortgage Programs. During the three-year period ending December 31, 2013, loans were made by our program and prior programs with investment objectives similar to ours. The following table provides a summary of the loans originated for the three-year period ending December 31, 2013. The last column of the following chart reflects total outstanding loan balances on all loans for each prior program including those that originated prior to the three-year period ending December 31, 2013.
Name of privately offered mortgage programs | Number of Loans | Estimated Total Amount of Loans Funded 01/01/11 to 12/31/13 | Outstanding Loan Balances Originated 01/01/11 to 12/31/13 | Total Outstanding Loans as of 12/31/13 |
RMI IV | 2 | $838,719 | $400,000 | $736,225 |
RMI V | 1 | $127,121 | $0.00 | $1,062,693 |
TOTAL | 3 | $965,840 | $400,000 | $1,798,918 |
Name of publicly offered mortgage programs | Number of Loans | Estimated Total Amount of Loans Made 01/01/11 to 12/31/13 | Outstanding Loan Balances Originated 01/01/11 to 12/31/13 | Total Outstanding Loans as of 12/31/13 |
RMI VI | 9 | $2,239,566 | $829,229 | $3,587,551 |
RMI VII | 7 | $2,184,318 | $575,000 | $3,048,026 |
RMI VIII | 22 | $33,154,409 | $27,581,736 | $51,890,282 |
RMI IX | 104 | $34,614,778 | $13,766,179 | $14,698,430 |
TOTAL | 142 | $72,193,071 | $42,752,144 | $73,224,289 |
A further breakdown of these loans according to the type of deed of trust, the California County location of the property securing the loans, and the type of property securing the loan is provided below:
For Prior Privately Offered Mortgage Programs:
RMI IV | RMI V | |||||||
Loans | ||||||||
First Trust Deeds | $ | 838,719 | $ | 127,121 | ||||
Second Trust Deeds | — | — | ||||||
Third Trust Deeds | — | — | ||||||
Total | $ | 838,719 | $ | 127,121 | ||||
Location of Loans | ||||||||
San Francisco | $ | 438,719 | $ | 127,121 | ||||
Santa Cruz | 400,000 | — | ||||||
Total | $ | 838,719 | $ | 127,121 | ||||
Type of Property | ||||||||
Single Family (1-4 units) | $ | 400,000 | $ | — | ||||
Multi Family | — | — | ||||||
Commercial | 438,719 | 127,121 | ||||||
Total | $ | 838,719 | $ | 127,121 |
A further breakdown of these loans according to the type of deed of trust, the location of the property securing the loans, and the type of property securing the loan is provided below:
For Our Program and Prior Publicly Offered Mortgage Programs:
RMI VI | RMI VII | RMI VIII | RMI IX | |||||||||||||
Loans | ||||||||||||||||
First Trust Deeds | $ | 1,862,936 | $ | 2,184,318 | $ | 21,786,784 | $ | 30,486,778 | ||||||||
Second Trust Deeds | 316,630 | — | 11,367,625 | 4,128,000 | ||||||||||||
Third Trust Deeds | 60,000 | — | — | — | ||||||||||||
Total | $ | 2,239,566 | $ | 2,184,318 | $ | 33,154,409 | $ | 34,614,778 | ||||||||
Location of Loans | ||||||||||||||||
Alameda | $ | 116,630 | $ | 165,598 | $ | — | $ | 3,298,550 | ||||||||
Contra Costa | 142,800 | 175,000 | 2,389,226 | 3,814,510 | ||||||||||||
El Dorado | — | — | — | 433,650 | ||||||||||||
Los Angeles | 677,500 | 650,000 | 2,032,500 | 11,426,373 | ||||||||||||
Marin | — | — | 2,380,000 | 500,000 | ||||||||||||
Monterey | 484,858 | — | — | 185,000 | ||||||||||||
Nevada | — | — | — | 340,000 | ||||||||||||
Orange | — | — | 770,000 | 875,250 | ||||||||||||
Placer | — | — | — | 120,000 | ||||||||||||
Riverside | — | — | — | 380,000 | ||||||||||||
Sacramento | — | — | — | 100,000 | ||||||||||||
Santa Barbara | — | 271,853 | — | — | ||||||||||||
San Bernardino | — | — | — | 137,800 | ||||||||||||
San Diego | — | — | 1,680,000 | 717,137 | ||||||||||||
San Francisco | 258,778 | 375,382 | 21,183,183 | 4,560,921 | ||||||||||||
San Mateo | 200,000 | — | 1,975,000 | 2,027,158 | ||||||||||||
Santa Clara | 359,000 | 146,485 | 394,500 | 3,878,179 | ||||||||||||
Santa Cruz | — | 400,000 | — | 1,200,000 | ||||||||||||
Sonoma | — | — | — | 175,000 | ||||||||||||
Ventura | — | — | 350,000 | 445,250 | ||||||||||||
Total | $ | 2,239,566 | $ | 2,184,318 | $ | 33,154,409 | $ | 34,614,778 | ||||||||
Type of Property | ||||||||||||||||
Single Family (1-4 units) | $ | 1,780,788 | $ | 1,537,083 | $ | 13,633,784 | $ | 30,548,599 | ||||||||
Multi Family | 200,000 | — | 1,000,000 | 1,066,179 | ||||||||||||
Commercial | 258,778 | 647,235 | 18,520,625 | 3,000,000 | ||||||||||||
Total | $ | 2,239,566 | $ | 2,184,318 | $ | 33,154,409 | $ | 34,614,778 |