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POPULATION ANALYSIS <br />REAL ESTATE ANALYSIS <br />SITE INFORMATION: The factors considered in site selection were: <br />location, access, utilities, taxes, and proximity to quality housing, <br />shopping centers, schools, and other employment centers. This site <br />rated excellent in all areas. <br />a. LOCATION The site is on Fairmont Parkway. This strategic <br />location provides excellent access to all residential and <br />employment centers in the Bay Area. <br />b. DESCRIPTION: The project is generally rectangular in shape with <br />a triangular addition on the West boundary. The tract <br />encompasses an area of 124,212 square feet, more or less, of <br />land with 567.981 frontage on Fairmont Parkway. <br />C. The topography of this tract is generally level, vacant and <br />slopes slightly in a southern direction. Site has adequate <br />drainage. The soil and subsoil characteristics are consistent <br />with all other properties in and around the surrounding area. <br />d. UTILITIES: Public water, sewage, electricity, gas and telephone <br />services are available at the property. <br />e. ZONING: The property is zoned commercial which allows mini - <br />storage and distribution facilities and car washes. No changes <br />to the plans and specifications are anticipated. <br />f. FLOOD PLAIN: The project is not within the 100-year flood plain. <br />The site is Zone "C" - or minimal flood hazard. <br />g. SURVEY AND LEGAL DESCRIPTION (attached). <br />LOAN REQUIREMENTS: Request is hereby made for a loan commitment in <br />the aggregate amount of $1,850,000 to be secured by the value of said <br />facilities and the following terms and conditions. <br />a. Term: 30 years. <br />b. Interest Rates, not more than 9%. <br />C. Points and Service Fee: to be negotiated. <br />d. Principal amortization on 11.75% over 30 year period. <br />