First Trust Deed collateralized by Hotel Cascada (the “Property” or “Hotel”), located in Albuquerque, New Mexico, a 300-guestroom hotel with 31,000 square feet of rentable function space, food outlets and its on-site waterpark, ABQ Surf N’ Slide that is currently operated by Gemstone Hotels & Resorts, LLC . Situated proximate to both the I-25 and I-40 freeways and just 5 miles from the Albuquerque International Airport, the Hotel offers a universally convenient location surrounded by numerous sources of lodging demand.

Loan Amount: $3,100,000

Yield: 10.75% (Principal Balance ≥ $100,000); 10.5% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

Term: 18 months with an optional six month extension at maturity.

PRESS RELEASE – Hotel Cascada to get $5 million facelift