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Providers of tailored short-term financing solutions for commercial and residential real estate developers since 1999.

Private Bridge Construction Lending Projects: Residential Multi-family Commercial Term: Up to 24 months term Loan Size: $750,000 to $5,000,000 Interest Rate: 10% Commitment Fee Split: 80% SBMC, 20% Broker Leverage: Loan to Cost (LTC) of up

to 80% Focus on Edmonton, Red Deer and Calgary Custom Home Building (incl. Spec and Show Homes) Commercial Developers Land Developers

Who are we?

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At a Glance • Established in 1999 • 198 Deals since Inception (totaling $514,833,705) • 153 Deals paid out (totaling $325,229,468) • 45 Deals on the books (totaling $189,604,237)

Where We Have Been

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Example Scenario... Typical Infill Duplex Project • Builder purchases lot with outdated home for $500,000 (with existing

mortgage of $400,000); • ‘As Complete’ Project Appraisal indicates value of $1,750,000 ($875,000 per

side); • Builder creates project budget including:

– Lot purchase: $ 500,000 – Hard Costs (incl. Demo): $ 700,000 – Soft Costs: $ 100,000 – Financing Costs

• Interest Reserve (est.): $72,000 • Placement Fees (2.5%): $29,000 • Legal: $ 5,000

– Subtotal: $ 106,000 – Contingency (5% of Hard Costs): $ 35,000 – Total Project Costs: $1,441,000

Opportunity Created

SBMC Financing Pay out existing mortgage: $ 211,800 Financing Costs (fund ¼ of Int. Res.): $ 52,000 Total Initial Advance: $ 263,800 Remaining Construction Draws: $ 835,000 Remaining Interest Charges: $ 54,000 Total SBMC Financing: $1,152,800

Builder’s Equity Lot Equity: $100,000 Additional Equity: $188,200 Total Builder’s Equity: $288,200

80% of LTC 65.8% of LTV 18% Margin 107% Return on Equity

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“We Help Home Builders to Grow & Achieve Their Goals”

Properties • Residential or commercial construction • Single & multi-family homes (condos, infills, duplexes,

multi-plex) • Spec and Show Homes • Commercial construction (retail, industrial and office) Security • 1st mortgage • General Security Agreement • Corporate and Personal Guarantees

Professional Service Providers

• Project Monitors (Quantity Surveyor or Appraiser)

• Appraisers (CRA & AACI)

• Real Estate Lawyers

Opportunity Created …Opportunity Created

What’s in it for You and Your Brokerage?

Opportunity Created

We can make you money and save you time by: • Being your private construction financing specialist • Assessing opportunities quickly in order to provide an

efficient process for both the Broker and the Client • Qualifying the Borrower • Underwriting the transaction • Sourcing your construction financing • Providing a brokerage fee to the Broker upon closing

Exit Strategy • Broker can work directly with Borrower to arrange take-

out financing, or sale of the finished property

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A Selection of Current and Past Sterling Bridge Projects…

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Private Client Expertise & Experience for the Retail Markets

Multi-Family Construction Project

Opportunity Created

The Morello – 21 Unit Condo Project, Calgary, Alberta Location: Southeast Calgary, Alberta Purpose: To provide construction financing for a 21 unit condo development located in South East Calgary. Unit sizes of 850 – 1,600 sq. ft. Exit: Unit sales are currently under way with show suite open for the general public.

Approved Loan: $4,400,000 Interest Rate: 10.50% Security: 1st Mortgage LTV: 59.5% Term: 15 months

…Opportunity Created

Private Client Expertise & Experience for the Retail Markets

6 Single Family Homes - Lot Acquisition

Opportunity Created

West Grove Estates, Calgary, Alberta Location: Southwest Calgary, Alberta Purpose: To provide financing to assist with the purchase of serviced residential lots. Exit: Sales proceeds from completed homes.

Approved Loan: $1,680,000 Interest Rate: 10.00% Security: 1st Mortgage LTV: 57.9% Term: 15 months

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Private Client Expertise & Experience for the Retail Markets

Medium Density Construction Project

Opportunity Created

Winston Heights 4-Plex – NE Calgary, Alberta Location: Northeast Calgary, Alberta Purpose: To provide financing to facilitate the lot acquisition and development of a 4-plex spec home in NE Calgary. Exit: Sale of units or conventional replacement financing near completion.

Approved Loan: $1,500,000 Interest Rate: 10.00% Security: 1st Mortgage LTV: 73% Term: 18 months

…Opportunity Created

Private Client Expertise & Experience for the Retail Markets

Estate Home Construction Project

Opportunity Created

West Parkland & Lott Creek Location: West Parkland & Elbow Valley, Calgary, Alberta Purpose: To provide financing for working capital purposes over 6 completed residential homes listed for sale. Exit: Closing proceeds from Sales.

Approved Loan: $1,550,000 Interest Rate: 13.50% Security: 2nd Mortgage LTV: 74.9% (combined 1st & 2nd) Term: 12 months

…Opportunity Created

Private Client Expertise & Experience for the Retail Markets

Single Family Subdivision Project

Opportunity Created

The Hills of Twin Lakes Location: Parkland County, Alberta (West of Edmonton) Purpose: To provide financing to facilitate the development of 26 country residential acreages outside of Edmonton. Exit: Lot sales to spec home builders and/or conventional financing of the next phases of development.

Approved Loan: $5,250,000 Interest Rate: 10.50% Security: 1st Mortgage LTV: 64.7% Term: 24 months

…Opportunity Created

Private Client Expertise & Experience for the Retail Markets

Single Family Subdivision Project

Opportunity Created

Greenhaven Estates Subdivision, Okotoks, Alberta Location: Okotoks, Alberta Purpose: To Provide refinancing for single family serviced acreage lots. Exit: Lot sales to spec home builders and/or conventional financing of the next phases of development.

Approved Loan: $3,300,000 Interest Rate: 10.00% Security: 1st Mortgage LTV: 19.3% Term: 12 months

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Estates of Elveden: Single Family Estate Home

Approved Loan: $1,700,000

Project: Construction Financing

Investor Rate: 10.00%

Initial Advance: Dec, 2011

Repaid in Full: Feb, 2013

Private Client Expertise & Experience for the Retail Markets Opportunity Created

Projects Funded and Closed

Rock Cliff Estates: Single Family Spec Home

Approved Loan: $780,000

Project: Construction Financing

Investor Rate: 10.00%

Initial Advance: Apr, 2012

Repaid in Full: Jun, 2013

Killarney - 6 Plex: Single Family Spec Home

Approved Loan: $2,090,000

Project: Construction Financing

Investor Rate: 10.00%

Initial Advance: Apr, 2012

Repaid in Full: May, 2013

…Opportunity Created

Private Client Expertise & Experience for the Retail Markets

Frank McGinn Director, Commercial Lending Sterling Bridge Mortgage Corp. Suite 206, 400 Crowfoot Crescent NW, Calgary, AB T3G 5H6 Direct: (403) 298-0646 Cell: (403) 975-9200 Email: fmcginn@sterlingbridge.ca ...Opportunity Created

Opportunity Created

Caterina Olivito-Veltri Regional Sales Director Sterling Bridge Mortgage Corp. Suite 206, 400 Crowfoot Crescent NW, Calgary, AB T3G 5H6 Direct: (403) 298-0651 Cell: (587) 224-0640 Email: colivitoveltri@sterlingbridge.ca ...Opportunity Created

Contact

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