Lehman Brothers Bank offers a variety of loan products for the acquisition or refinancing of various types of commercial real estate, including: office, retail, multifamily, hotel and industrial properties. Loans include:

• Conduit mortgage loans which are generally fixed rate with 5 to 10 year terms and 25 to 30 year amortization schedules. These mortgage loans range from $2 million to $50 million in size with 70% to 80% LTV depending on the related property type.

• Mortgage loans which typically range from $50 million and greater and can be either fixed rate or floating rate. These mortgage loans are generally sized at 40%-65% LTV depending on the related property type.

• Mezzanine loans which generally range from $5 million to $100 million with a maximum term of 3 years and up to 95% LTV including the senior mortgage loan.

• Syndicated real estate bank loans which are either secured by real estate and/or other assets or are otherwise unsecured. Both secured and unsecured syndicated real estate bank loans are structured with full recourse and borrower covenants. These facilities typically are greater than $100 million in size, are floating rate and have maturities of 3 to 5 years.

Products and services described may be offered by Lehman Brothers Bank, FSB (Lehman Brothers Bank) or by one of its affiliates. Lehman Brothers Bank is not responsible for products or services provided by any non-bank affiliate.