SBA Loan Sale Analysis - Variable Rate Loan

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Loan Name
Originated (m/d/yyyy)
Matures (m/d/yyyy)
Rate Adjust Frequency	Monthly Quarterly SemiAnnual Annual Other
P&I Payment Frequency	Monthly Quarterly SemiAnnual Annual Other
Current Index Rate	2.000 2.250 2.500 2.750 3.000 3.250 3.500 3.750 4.000 4.250 4.500 4.750 5.000 5.250 5.500 5.750 6.000 6.250 6.500 6.750 7.000 7.250 7.500 7.750 8.000 8.250 8.500 8.750 9.000 9.250 9.500 9.750
Current Loan Balance, e.g. 650000
Guaranteed Percent, e.g. 80
Margin on Index Rate, e.g. +2.25
Servicing Fee Retained, e.g. 1.00
Sale Price, e.g. 105.75
Assumptions:
Index rate remains constant.
0% CPR (No amortization of loan balance).
All premium taken in year 1 (may not be allowable under FAS 166 Accounting for Premium Income).
If sale price exceeds 110, seller receives only 50% of the amount greater than 110.

This material is for informational purposes only and is not intended as an offer to sell or a solicitation of an offer to buy any security. It merely provides information and/or alternatives that Coastal Securities, Inc. believes is appropriate for your consideration. Although this information has been obtained from sources which Coastal believes to be reliable, Coastal does not guarantee it is accurate or complete, and it should not be relied upon as such. All assumptions, opinions and estimates constitute Coastal's judgment as of this date and, along with prices and yields, are subject to change without notice. The returns shown consider prepayment assumptions that may or may not be met.