he typical terms of loans to date are outlined below. However, management knows that every golf course transaction is different. This insight allows Old Saybrook Golf Capital LLC to be flexible in structuring our investments to fit the individual needs of each borrower.
| Term: | Four to Seven Years |
| Rate: | 13 -15% |
| Points: | Three |
| Amortization: | Interest Only |
| Participation: | 25 to 60% of Cash Flow after Debt Service and of appreciation at end of Loan Term |
| Security: | Second Mortgage, Lien on Borrower's Stock or Preferred Equity |
| Maximum 85% |