Diversification

Based on investing over 5 quarters to achieve optimal diversification, an investor owning 10% of each of ICA’s loans would have achieved the following diversification:

Loan Size	$500,000 to $5,000,000 (depending on pool size):
Property Type	PERMITTED: Multifamily, Retail, Office, Industrial, Self-Storage.
	PROHIBITED: Hospitals, Assisted Living Facilities, Nursing Homes, Hotels, Casinos, Golf Courses, Schools, Unimproved Land, Movie Theaters, Parking Garages.
Location	Loans may be originated in any of the 50 states plus the District of Columbia
Terms	5-15 Years
Amortization	Maximum 25 years
Debt Service Coverage	Min 1.25x (Target 1.50x) Office, Industrial, Retail, 1.20x (Target 1.50x) Multi-family (based on 25-year amortization). Note: Long Term Credit Tenants may justify a lower debt service coverage
Prepayment	Yield Maintenance or 1% whichever is greater