AFFORDABLE HOUSING

UNITED STATES

ARIZONA

Phoenix (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1530, 3200 N. Central Ave. 85012 602 248-4300

CALIFORNIA

Irvine (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 500, 7700 Irvine Center Dr. 92718-2927 714 753-5700

Los Angeles ING CAPITAL CORP. #500, 11100 Santa Monica Dr. 90025 310 966-2028 Fax: 310 966-2061

Newport Beach WASHINGTON CAPITAL Ste. 3000, 5000 Birch St. 92660 714 476-3663 Fax: 714 476-3704

San Bruno THE ATHERTON GROUP INC. Ste. 155, 1001 Bayhill Dr. 94066 415 827-7800 Fax: 415 827-7950

San Diego DEVELOPERS RESOURCE COS., INC. Ste. 330, 5850 Oberlin Dr. 92121 619 457-3235; Fax: 619 457-3305

San Francisco (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 401, 95 Hawthorne St. 94105 415 788-2765

TRI FINANCIAL CORPORATION 23rd Fl., 100 Pine St. 94111 800 481-4874 Fax: 415 989-0329

Walnut Creek WASHINGTON CAPITAL Ste. 340, 1333 N. California Blvd. 94596 510 944-0700 Fax: 510 944-4804

COLORADO

Denver (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1160, 4643 S. Ulster St. 80237 303 770-3150

CONNECTICUT

Stamford CHESLOCK BAKKER & ASSOCS., INC. Financial Centre, Ste. 103 695 E. Main St. 06901 203 969-0513; Fax: 203 969-0525

(a) GE CAPITAL COMMERCIAL RE FINANCING Administrative Headquarters: 292 Long Ridge Rd. 06927 203 357-4381

DISTRICT OF COLUMBIA

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1150 E., 1299 Pennsylvania Ave., N.W. 20004-2407 202 637-4500

FLORIDA

Boca Raton (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 318, 2424 N. Federal Hwy. 33431 407 447-7979

Clearwater (a) MIDLAND MORTGAGE INVESTMENT CORP. Ste. 1200, 33 N. Garden Ave. 34615 813 461-4801 Fax: 813 443-6067

West Palm Beach MORTGAGE INVESTMENT GROUP Ste. 400 250 Australian Ave. S. 33401 561 820-1300; Fax: 561 832-2854

GEORGIA

Athens AFFORDABLE HOUSING P.O. Box 5961 30604-5961 706 353-8576

Atlanta (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 900, 600 W. Peachtree St., N.W. 30308 404 877-1700

INSIGNIA MORTGAGE & INVST. CO. Ste. 440, 100 Ashford Ctr. N. 30338 770 393-1134 Fax: 770 698-6622

ILLINOIS

Chicago ARIES CAPITAL #500 W, 220 W. Huron 60610 312 642-0100 Fax: 312 642-929

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 200, 209 W. Jackson 60606 312 781-7841

PARAMOUNT CAPITAL CORP. Ste. 2200, 225 W. Washington St. 60606 312 552-7800; Fax: 312 419-7109

WASHINGTON CAPITAL Ste. 2200, 225 W. Washington St. 60606 312 419-4033 Fax: 312 419-4033

INDIANA

Indianapolis FIDELITY FEDERAL CAPITAL CORP. Ste. 900, 8888 Keystone Crossing 46240 317 581-4394

NEW YORK

Great Neck GOULD CAPITAL CORP. 60 Cutter Mill Rd. 11021 516 466-3100

New York City CENTRE MORTGAGE CAPITAL, LLC 9th Fl., 625 Madison Ave. 10022 212 421-5580 Fax: 212 750-3639

(a) GE CAPITAL COMMERCIAL RE FINANCING 9th Fl., 125 Park Ave. 10017-5613 212 850-5800

RELATED CAPITAL CO. 625 Madison Ave. 10022 212 421-5333 Fax: 212 593-5794

REMSEN PARTNERS LTD.(*) 16th Fl., 757 Third Ave. 10017 212 838-1111; Fax: 212 838-9526

NORTH CAROLINA

Charlotte (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1111, 212 S. Tryon St. 28281 704 333-7339

PENNSYLVANIA

Huntingdon Valley CAPITAL MARKETING ASSOCS. 553 Hoyt Rd. 19006 215 947-6587

Philadelphia (a) GE CAPITAL COMMERCIAL RE FINANCING 10th Fl., 1528 Walnut St. 19102

215 772-0100

TEXAS

Dallas (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 2000, One Galleria Tower 13355 Noel Rd. 75240 214 960-1750

VIRGINIA

Arlington C. W. COBB & ASSOCIATES, INC. #8, 4141 N. Henderson Rd. 22203 703 527-5200 Fax: 703 527-3700

WASHINGTON CAPITAL Ste. 1210, 1616 N. Fort Myer Dr. 22209 703 243-5100 Fax: 703 525-4323

Richmond

(a) MULTI-FAMILY CAPITAL MARKETS Ste. 204, 7202 Glen Forest Dr. 23226 804 285-3200 Fax: 804 285-0277

The nation's leading LIHTC lender. Rate Lock and Spread Lock. Immediate, Forward commitment programs available nationwide. Call for information and application.

WASHINGTON

Seattle * GE CAPITAL COMMERCIAL RE FINANCING Ste. 2901 506 Second Ave. 98104 206 343-3000

UNITED STATES

ALABAMA

Birmingham COLLATERAL MORTGAGE, LTD. 524 Lorna Sq. 35216 205 978-1840 Fax: 205 978-1852

MORTGAGE & CAPITAL INVESTORS #4, 3512 Old Montgomery Hwy. 35209 205 871-8880; Fax: 205 871-8894

Mobile FIRST ALABAMA BANK 106 St. Francis St. 36602 334 690-1594; Fax: 334 690-1448

Phenix City CROWE MORTGAGE CO. 1209 23rd Ct. 36867 706 576-9500; Fax: 334 298-6868

ARIZONA

Phoenix (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1530, 3200 N. Central Ave. 85012 602 248-4300

L. J. MELODY & COMPANY OF CALIFORNIA Ste. 950, 2425 E. Camelback Rd. 85016 602 381-2580

NORTHLAND FINANCIAL CO. Ste. 455, 5080 N. 40th St. 85018 602 955-7100 Fax: 602 954-6168

SIGNATURE CAPITAL ADVISORS Ste. 242, 11801 N. Tatum Blvd. 85028 602 953-8400; Fax: 602 953-8420

SUNRISE MTGE. & INVST. CO. Ste. E-250, 4350 E. Camelback Rd. 85018 602 840-3940; Fax: 602 840-3534

Scottsdale (a) FINOVA CAPITAL CORP. Scottsdale Financial Ctr., Ste. 410 7272 E. Indian School Rd. 85251 800 444-1242

KENNELLY MTGE. & INVST., INC. 7201 E. Camelback Rd. 85251 602 947-4285; Fax: 602 945-3065

METRO-WEST INC. 8383 E. Evans Rd. 85260 602 998-2000; Fax: 602 998-8022

Tucson CATALINA MORTGAGE #203, 6810 E. Broadway 85710 520 885-3545; Fax: 520 885-3581

KEYSTONE CAPITAL GROUP #228, 2990 N. Swan 85712 520 326-2000; Fax: 520 326-7375

CALIFORNIA

Alamo HUNTLEY FINANCIAL GROUP 3158 Danville Blvd. 94507 510 831-3233; Fax: 510 831-9436

Beverly Hills LYON FINANCIAL CORP. P.O. Box 2050 90213 213 487-7352

WALLACE MOIR CO. Ste. 1000, 9595 Wilshire Blvd. 90212 310 273-7300; Fax: 310 271-7661

Burlingame WATERMARK FINANCIAL SVCS. Ste. 207, 1601 Bayshore Hwy. 94010 415 652-9033; Fax: 415 652-9036

Chatsworth MHC FINANCIAL P.O. Box 3461 91313-3461 818 709-8087; Fax: 818 227-9583

Encino GRIESS & ASSOCS., INC. #201, 16255 Ventura Blvd. 91436 818 995-3555; Fax: 818 995-8866

Irvine (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 500, 7700 Irvine Center Dr. 92718-2927 714 753-5700

JOHNSON CAPITAL GROUP INC. Ste. 500, 18500 Von Karman Ave. 92715-0513 714 660-1999; Fax: 714 660-1998

Los Angeles DOMINION HEALTHCARE FINANCIAL SVCS. Ste. 210, 11355 W. Olympic Blvd. 90064-1616 800 477-3012 (outside CA), 310 477-3041 Fax: 310 477-1601

National healthcare lender. Loans to medical practices, HMO, hospitals, skilled nursing, sr. housing, medical receivables, equipment. $300,000 to 10 million. Fixed rate.

DOMINION MTGE. CORP. 11355 W. Olympic Blvd., 2nd Fl. 90064 310 477-3041, Fax: 310 477-1601

DANIEL HORWITZ CO., INC. Ste. 1420, 1800 Ave. of the Stars 90067 310 553-9999; Fax: 310 553-9190

ING CAPITAL CORP. #500, 11100 Santa Monica Dr. 90025 310 966-2028 Fax: 310 966-2061

L. J. MELODY & COMPANY Ste. 3160, 1999 Ave. of the Stars 90067 310 277-2100

MOLTON COOPER MTGE. INVESTORS. INC. #520, 9800 S. Sepulveda Blvd. 90045 213 776-3474; Fax: 310 645-1544

TCW REALTY ADVISORS Ste. 3500, 865 S. Figueroa St. 90017 213 683-4200; Fax: 213 683-4301

Newport Beach AMERICAN REALTY & FIN., INC. 2001 Centella Place 92660 714 642-5200; Fax: 714 646-2060

DWYER-CURLETT & CO. Ste. 970, 1301 Dove St. 92660 714 222-1100; Fax: 714 955-0360

KOLL: THE REAL ESTATE SERVICES 4343 Von Karman Ave. 92660 714 833-9360 Fax: 714 851-6895

L. J. MELODY & COMPANY Ste. 710, 4675 MacArthur Ct. 92660 714 833-9911

L. J. MELODY & COMPANY 35301 Jamboree Rd. 92660 714 725-8500

NORTHLAND FINANCIAL CO. Ste. 650, 500 Newport Center Dr. 92660 714 717-5200 Fax: 714 729-4620

PACIFIC MIDWEST CAPITAL GROUP, INC. Ste.1055, 610 Newport Ctr. Dr. 92660 714 760-9107, Fax: 714 721-0387

P. F. REALTY FINANCE Ste. 250, 20301 Acacia 92660 714 851-1954 Fax: 714 851-1819

P.F. Realty arranges joint ventures, construction and permanent debt on commercial and residential properties. In California since 1977. Equity from $1,000,000, debt from $2,000,000. 1996 estimated volume $250,000,000.

Orange LONG BEACH MTGE. CO. 11th Fl., 1100 Town & Country Rd. 92868 714 564-0600; Fax: 714 550-7130

Rancho Cucamonga CIFIC - CONWARD INT'L FIN. & INVST. CORP. P.O. Box 250 91730 909 980-2725 Fax: 909 980-3755

CONWARD INT'L FIN. & INVST. SERVICES P.O. Box 250 91729 800 557-3755

Riverside AMERICAN FINANCIAL, AN ADMIRALTY CO. Ste. 95, 1133 W. Blaine 92507 909 781-5946

Sacramento BROOKSIDE MORTGAGE Ste. 395, 2277 Fair Oaks Blvd. 95825 916 567-1200: Fax: 916 649-2900

L. J. MELODY & COMPANY 555 Capitol Mall 95814 916 446-6800

STATE CAPITOL INVSTS., INC Ste. 107, 720 Howe Ave. 95825 916 929-8900; Fax: 916 929-2239

San Diego JOHN BURNHAM & CO./ONCOR INTERNATIONAL 610 W. Ash St. 92101-3212 619 236-1555 Fax: 619 238-1673 Web Site: http://www.johnburnham.com

Providing the full compliment of professional, commercial real estate services throughout Southern California and Mexico. Real estate asset facilities and property management, consulting, full service brokerage and leasing, construction and project management, mortgage and real estate investment banking, investment sales and receiverships for all commercial product types are provided through six regional offices.

COHN & LEVITT FINANCIAL GROUP, INC. Ste. 300, 4350 La Jolla Village Dr. 92122 619 546-4323 Fax: 619 224-0493

Participated in the consulting, underwriting, and financing of several billion dollars of collateralized transactions, apartments, hotels, offices, nursing facilities, RTC, FDIC, securitizations, and others.

L. J. MELODY & COMPANY 4350 La Jolla Village Dr. 92122 619 546-4600

San Francisco BROWNSTONE INVST. CO. Ste. 823, 369 Pine St. 94104 415 395-7600; Fax: 415 391-9937

FREMONT INVST. & LOAN Ste. 730, 100 California St. 94111 415 288-3600; Fax: 415 288-3607

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 401, 95 Hawthorne St. 94105 415 788-2765

GMAC COMM'L MTGE. CORP. #2350, One Embarcadero Ctr. 94111 415 399-1311, Fax: 415 391-7809

MAGNA CAPITAL GROUP 4th Fl., 310 Townsend St. 94107 415 281-3888, Fax: 415 281-3893

L. J. MELODY & COMPANY Embarcadero Ctr. W. 275 Battery St. 94111 415 772-0123

MIG FINANCIAL CORP. 9th Fl., 601 California St. 94108 415 395-7700; Fax: 415 362-7289

NORTHLAND FINANCIAL CO. Ste. 1425, 71 Stevenson 94105 415 284-6600 Fax: 415 284-6614

U S REAL ESTATE 733 Front St. 94111 415 627-4410; Fax: 415 627-4405

San Mateo COMMERCIAL MORTGAGE CORP. Ste. 110, 1820 Gateway Dr. 94404 415 341-9800; Fax: 415 574-6913

Santa Monica FORECAST FINANCIAL #110, 606 Wilshire Blvd. 90401 310 393-9887; Fax: 310 393-9830

Tarzana PAULEY FINANCIAL SVCS. 4151 Aleman Dr. 91356 818 996-6769; Fax: 818 996-1878

COLORADO

Boulder THE CAPSOURCE COMPANY Ste. 203, 3100 Arapahoe Ave. 80303 303 541-9550 Fax: 303 541-9622

COMMERCIAL MORTGAGE SVCS., INC. 487 Cougar Dr., P.O. Box 1395 80306-1395 303 447-1688

MANNS COS. 4750 Table Mesa Dr. 80303 303 499-7100; Fax: 303 499-7222

Denver (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1160, 4643 S. Ulster St. 80237 303 770-3150

L. J. MELODY & COMPANY Ste. 2520, 1225 17th St. 80202 303 293-9330

NORTHLAND FINANCIAL CO. 7600 E. Eastman Ave. 80231-4371 303 337-2322 Fax: 303 227-9458

Englewood ESSEX FINANCIAL GROUP, INC. 8400 E. Prentice 80111 303 796-9006; Fax: 303 796-0623

Fort Collins FINANCIAL GROUP INC. #211, 3307 S. College Ave. 80525 800 678-8522; Fax: 303 223-2805

CONNECTICUT

Bridgeport SANDS FINANCIAL SVCS. Ste. 4X, 2600 Park Ave. 06604-1351 203 333-8103

Glastonbury D&S CAPITAL GROUP, LLC 200 Glastonbury Blvd., P.O. Box 1016 06033 860 657-7660; Fax: 860 657-7729

Norwalk FIRST CONNECTICUT 301 Merrit 7 06851 203 845-9006 Fax: 203 845-0466

First Connecticut is a mortgage banker and private lender providing workouts and debt restructuring, bridge loans, and conventional market rate permanent loans on income producing real estate nationwide.

Redding ATLANTIC CAPITAL CORP. 42 Ledaewood Rd. 06896 203 938-4144; Fax: 203 938-4144

Southington CENTERBANK 72 Queen St. 06489 203 620-5295

Southport HIGHLAND FUNDING, L.P. 30 Jelliff Lane 06490 203 256-7799; Fax: 203 256-7798

Stamford (a) GE CAPITAL COMMERCIAL RE FINANCING 292 Long Ridge Rd. 06927 203 357-4381

HICKNIFFER INVST. GROUP 109 E. Cross Rd. 06907 203 595-6417; Fax: 203 595-6417

JAMES P. RYAN & CO. INC. 700 Canal St. 06902-5921 203 328-3760; Fax: 203 328-3761

DISTRICT OF COLUMBIA

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1150 E., 1299 Pennsylvania Ave., N.W. 20004-2407 202 637-4500

RANDALL H. HAGNER & CO., INC. 1321 Connecticut Ave., N.W. 20036 202 857-4300 Fax: 202 872-0408

FLORIDA

Altamonte Springs T. D. REALTY & FIN'L CO., INC. Ste. 322, 101 S. Wymore Rd. 32714 407 682-3315; Fax: 407 682-4615

Boca Raton (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 318, 2424 N. Federal Hwy. 33431 407 447-7979

HHH FINANCIAL CORP. P.O. Box 3760 33427 407 994-2233; Fax: 407 995-9117

HIGHLAND FUNDING CORP. 4400 N. Federal Hwy. 33431-5187 407 362-4030; Fax: 407 362-7484

Coral Gables THOMAS D. WOOD & CO. 4665 Ponce De Leon Blvd. 33156 305 663-3361; Fax: 305 663-0131

Coral Springs INT'L MORTGAGE & EQUITY ADVISORS, INC. 9900 W. Sample Rd. 33065 954 346-7200

Fort Lauderdale NATIONWIDE Ste. 280, 7770 W. Oakland Park Blvd. 33351 954 748-7700; Fax: 954 749-6373

Fort Myers ESSEX FINANCIAL CORP. 12730 New Brittany Blvd. 33907 941 275-4092; Fax: 941 283-1568

Hollywood SCOTT B. ROBERTS Ste. 8, 1109 N. Federal Hwy. 33020 305 920-9799

Miami AZTEC GROUP, INC. PH-IIA. 2665 S. Bayshore Dr. 33133 305 854-5000

HERITAGE CORP. OF SOUTH FL 1318 N.W. 77th St. 33125 800 444-3177; Fax: 305 325-0904

L. J. MELODY & COMPANY 777 Brickell Ave. 33131 305 374-1000

Orlando L. J. MELODY & COMPANY 201 S. Orange Ave. 32801 407 843-4020

UNITED FINANCIAL OF AMERICA, INC. 200 E. Robinson St. 32801 407 423-5901

Ormond Beach AFS FINANCIAL #214 533 N. Nova Rd. 32174 904 673-5878; Fax: 904 673-8902

LENDAMERICA 533 N. Nova Rd., #214 32174 904 673-5878; Fax: 904 673-8902

Sarasota D.A.W. & ASSOCS. INC. 4765 Charing Cross Rd. 32421 941 371-2173; Fax: 941 378-4878

HORIZON MORTGAGE CO. 1937 Golf St. 34236 813 365-0450 Fax: 813 366-3643

Tampa NAT'L PARTNERSHIP EXCHANGE Ste. 260, 100 W. Kennedy Blvd. 33602-5116 800 356-2739; Fax: 813 221-8651

SUNTRUST MTGE., INC. Ste. 121, 3109 W. M.L. King Blvd. 33607 813 877-6726; Fax: 813 874-3191

Winter Park MORTGAGE CAPITAL REALTY CORP. 427 S. New York Ave 32789 407 647-1771; Fax: 407 647-1797

GEORGIA

Atlanta ROBERT E. BARKER 3599 Dunwoody Club Dr. 30356 770 395-1757 Fax: 770 671-8918

Offering creative financial analysis; sound pro formas; assistance with merger and acquisitions: plus broker financing for all types of properties. Minimum $2,000,000.

CAPITAL FUNDING, INC. Ste. 512, 6065 Roswell Rd. 30328 404 252-8999; Fax: 404 252-8610

COLUMN FINANCIAL INC.(*) Ste. 1140, 3414 Peachtree Rd. 30326 404 239-5300 Fax: 404 239-0419 Contact: Kieran P. Quinn, Pres. Regions: Gregory R. Golden - Dallas,TX (214) 663-8600 Timothy J. Meyer - Chicago, IL (312) 494-0090 John R. Richards - Atlanta, GA (404) 239-5305 Paul K. Angle - Irvine, CA (714) 263-9500 John D. Pierandri - Norwalk, CT (203) 846-4727

A joint venture between Equitable Real Estate Investment Management and Donaldson Lufkin & Jenrette specializing in providing permanent financing for Multi-family, Retail and Hotel properties. Loan transaction starting from $1 million.

ENTERPRISE FINANCIAL SERVICES, INC. 5825 Glenridge Dr. 30328 404 256-3419; Fax: 404 303-7930

EQUITABLE R.E. INVST. MGMT., INC.(*) 1150 Lake Hearn Dr., N.E. 30342

THE ESPY CO. 100 Northcreek, #150 3715 Northside Pwy. 30327 404 233-8171 Fax: 404 233-5514

FIRST MARINE MTGE. CO., INC. Ste. 200, 3191 Paces Ferry Pl., N.W. 30305 404 237-2456; Fax: 404 266-9583

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 900, 600 W. Peachtree St., N.W. 30308 404 877-1700

J. HANSON ASSOCS., INC. Ste. 1990, 945 E. Paces Ferry Rd. 30326 404 240-4300; Fax: 404 240-4313

HEALTH CARE CAPITAL FINANCE, INC. Ste. 1350, Two Ravinia Dr. 30346 770 393-3355; 770 512-0625

HORIZON MTGE. & INVST. CO. Ste. 150, 2970 Clairmont Rd. 30329 404 634-9361

INSIGNIA MORTGAGE & INVST. CO. (*) Ste. 440, 100 Ashford Ctr. N. 30338 770 393-1134 Fax: 770 698-6622

ROBERT NEELY CO. Ste. 225-C, 1760 The Exchange 30339-2015 770 937-0000

RB FIN'L SVCS., INC. an affiliate of Richard Bower & Co. 3475 Lenox Rd. 30326 404 816-1600; Fax: 404 816-0766

SUN TRUST MORTGAGE INC. P.O. Box 105875 30348 770 916-5600; Fax: 770 916-5830

WEINBERG & ASSOCS., INC. Ste. 200, 1932 N. Druid Hills Rd. N.E. 30319 404 634-4700 Fax: 404 634-0319

Roswell RAVENEL INVESTMENT CO. 190 Kiveton Park Dr. 30075-2955 770 992-1515; Fax: 770 587-1122

Tucker THE LINMART CO., INC. P.O. Box 2232 30085-2232 770 806-1511; Fax: 770 806-1028

HAWAII

Honolulu HAWAII NATIONAL BANK 45 N. King St. 96817 808 528-7711; Fax: 808 528-7869

NAGY & COMPANY, LTD. #606, 677 Ala Moana Blvd. 96813 808 524-5200

ILLINOIS

Chicago AGM CONSULTING #3F, 636 Waveland 60613 312 477-6832; Fax: 312 975-0145

ARIES CAPITAL #500 W, 220 W. Huron 60610 312 642-0100 Fax: 312 642-9291

BAIRD & WARNER COMMERCIAL, REAL ESTATE FINANCE, INC. 200 W. Madison St. 60606 312 368-1855 Fax: 312 368-1490

BEACON RLTY. CAPITAL INC. Ste. 2250, 10 S. Riverside Plaza 60606 312 207-0060; Fax: 312 207-1827

CORPORATION FOR INTEREST RATE MGMT. Ste. 4440, 20 N. Wacker Dr. 60606 312 332-2363; Fax: 312 332-2237

DRAPER AND KRAMER, INC. 33 W. Monroe St. 60603-5486 312 346-8600 Fax: 312 346-6059

DWINN SHAFFER CO Ste. 990, 55 W. Monroe 60603 312 346-9191; Fax: 312 346-2613

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 200, 209 W. Jackson 60606 312 781-7841

ALAN M. GOLD DEVELOPMENT CO. 2941 W. Estes Ave. 60645-2933 312 274-1253 Fax: 312 274-8842

HELLER FINANCIAL, INC. 500 W. Monroe St. 60661 312 441-6700; Fax: 312 441-7119

JULIAN TOFT & DOWNEY, INC. Ste. 5660, Three First Nat'l Plaza 60602 312 704-0054; Fax: 312 704-8208

LASALLE REALTY, INC. 1426 N. LaSalle St. 60610 312 337-2235; Fax: 312 337-2276

L. J. MELODY & COMPANY 6133 N. River Rd. Rosemont, IL60018 708 518-2430

THE MERIDIAN GROUP, INC. Ste. 100, 4130 N. Greenview 60613 312 975-5858

Structure and place capital nationwide for recreation and entertainment oriented projects; e.g., golf, hospitality, gaming, time share. Development advisor for recreation oriented communities.

MID-NORTH FINANCIAL SERVICES INC. 205 W. Wacker Dr. 60606 312 641-0660 Fax: 312 977-0020

THE PHILIPSBORN C0. 222 S. Riverside Plaza 60606-6201 312 207-5500; 312 207-5569

PRAIRIE RLTY. ADVISORS, INC. #1050, 150 N. Wacker Dr. 60606 312 220-0050; Fax: 312 220-0052

BENJ. E. SHERMAN & SONS Ste. 500, 190 S. LaSalle St. 60603-3410 312 220-9000 Fax: 312 220-9114

ZISOOK & ASSOCIATES, INC. 3601 Devon Ave. 60659 312 478-3400 Fax: 312 478-3410

Glencoe ARTHUR S. LEVINE & ASSOCS. 100 South Ave. 60022-1719 847 835-1160; Fax: 847 835-1159

Glenview FORTUNE FINANCIAL #103, 2020 Chestnut Ave. 60025-1648 847 998-8884; Fax: 847 998-8896

Lisle FIRST TRANSCAPITAL BANCORP, INC. Ste. 600, 2443 Warrenville Rd. 60532 708 955-4170; Fax: 708 515-8038

Northfield PC FINANCIAL CORP. Ste. 240, 400 Central Ave. 60093 847 441-2000; Fax: 847 441-2008

Palatine NATIONWIDE MTGE. & RLTY. CO. Ste. 700, 800 E. Northwest Hwy. 60067 847 705-3855; Fax: 847 705-2134

IOWA

Cedar Rapids AEGON USA REALTY ADVISORS, INC. 4333 Edgewood Rd. N.E. 52499 319 398-8888; Fax: 319 369-2188

KANSAS

Overland Park NORTHLAND FINANCIAL CO. Ste. 300, 7400 College Blvd. 66210 913 469-5840 Fax: 913 469-6536

LOUISIANA

Baton Rouge MEDLEY ASSOCS. 6022 Summer Lake Dr. 70817 504 752-8000; Fax: 504 292-4304

Covington INVESTPROP LTD. Ste. 202. 600 N. Hwy 190 70433 504 893-9683; Fax: 504 893-9398

New Orleans GENERAL MORTGAGE SECURITIES CORP. 230 20th St. 70124-1236 504 482-9339; Fax: 504 482-9339

J. M. MADDERRA CORP. REALTY Ste. 1875, 1515 Poydras St. 70112 504 585-2611; Fax: 504 585-2605

MARYLAND

Baltimore PROVIDENT BANK OF MD 114 E. Lexington St. 21203 401 576-2753; Fax: 401 576-2876

Bethesda G.M.B. ASSOCIATES INC. 4401 East-West Hwy. 20814 301 907-9200; Fax: 301 656-2475

KOLLER CONSULTING CO. #104, 10524 Weymouth St. 20814-4257 301 564-9500

Primary and secondary mortgage market services, including; portfolio brokerage; loan underwriting and valuation; due diligence; asset management & disposition; site inspection; project management; market studies and related activities.

FRANK S. PHILLIPS MTGE. CO. 6106 MacArthur Blvd. 20816 301 229-9000; Fax: 301 229-3019

Columbia TRITON-HIGHBRIDGE HOTEL CAPITAL CORP. Merion Station Ste. 100, 11012 Berrypick 21044-2905 410 740-2333

Owings Mills INT'L MORTGAGE CORP. Ste. 110, 8 Park Center Ct. 21117 410 581-7806; Fax: 410 581-1273

MASSACHUSETTS

Boston BANK OF BOSTON 100 Federal St. 02110 617 434-3515; Fax: 617 434-7108

BOSTON MTGE. CAPITAL CORP. 100 Huntington Ave. 02116 617 262-0400; Fax: 617 262-0404

FOWLER GOEDECKE ELLIS & O'CONNOR 225 Franklin St. 02110 617 338-0990; Fax: 617 338-2150

GREYFIELD FINANCE CORP. 99 Bedford St. 02111 800 338-6760; Fax: 617 338-6720

L. J. MELODY & COMPANY Bay Colony Corp. Ctr. 1000 Winter St. Waltham, MA02154 617 487-9800

WINTHROP FINANCIAL ADVISORS, L.L.C. One International Place 02110 617 330-8600; Fax: 617 330-7969

Marblehead NEW ENGLAND FUNDING GROUP, INC. Ste. 200, 40 South St. 01945 617 631-6272; Fax: 617 639-8044

Newton ASHWORTH MORTGAGE CORP. Ste. 14, 199 Wells Ave. 02159 617 965-0088; Fax: 617 527-8264

Springfield MASSMUTUAL LIFE INS. CO. 1295 State St. 01111 413 788-8411; Fax: 413 744-6123

Upton SEAGATE FINANCIAL SVCS. P.O. Box 350 01568 508 529-6151; Fax: 508 529-6155

Winchester CARR CAPITAL CORP. Ste. 306, 8 Winchester Pl. 01890 617 729-2277; Fax: 617 729-4132

MICHIGAN

Bloomfield Hills HARTGER & WILLARD MTGE. ASSOCS., INC. Ste. 240, 710 N. Woodward 48304-2852 810 642-6222 Fax: 810 642-2609

Farmington FIRST QUALITY FINANCE 23550 Haggerty Rd. 48335-2614 313 476-6663

Grand Blanc POLEN MTGE. & REALTY CO. G-8308 Office Park Dr. 48439 810 695-0409; Fax: 810 695-8009

Grand Rapids HARTGER & WILLARD MTGE. ASSOCS., INC. 141 Ionia Ave., N.W. 49503 616 459-4556 Fax: 616 459-2431

Southfield FRANKLIN BANK N.A. 24725 W. 12 Mile Rd. 48034 810 358-6438; Fax: 810 354-6084 MID NORTH FINANCIAL SERVICES OF MI #400, 27777 Franklin Rd. 48034 810 353-3700; Fax: 810 353-6615

Traverse City CONTINENTAL FUNDING LTD. 2965 Ishpeming Trl. 49686 616 941-8881; Fax: 616 946-6961

Troy POPOVIC & TRACEY, LTD. Ste. 275, 2701 Troy Ctr. Dr. 48084-4741 810 362-9554; Fax: 810 362-9663

MINNESOTA

Bloomington NORTHLAND FINANCIAL CO. Ste. 250, 3600 W. 80th St. 55431-4507 612 921-8000 Fax: 612 921-8021

Edina CONCORD REAL ESTATE SERVICES 6100 Ridgeway Rd. 55436 612 926-1436; Fax: 612 926-1436

Minneapolis THE STEINBERG FINANCIAL CORP. 5801 Cedar Lake Rd. 55416-1559 612 544-0007; Fax: 612 544-0599

TOWLE FIN. SVCS. #800, 330 2nd Ave. S. 55401 612 347-9310; Fax: 612 337-2467

TRIDENT R.E. SVCS. Ste. 230,11900 Wayzata Blvd. 55305 612 545-1121; Fax: 612 545-6290

MISSISSIPPI

Hattiesburg MORTGAGE FUNDING CORP. 14 Plaza Dr., P.O. Box 15637 39402 601 264-3805; Fax: 601 264-5805

MISSOURI

Kansas City (a) MIDLAND COMMERCIAL FUNDING 210 W. Tenth St. 64105 800 746-4623 Fax: 816 435-2326

Saint Louis NORTHLAND FINANCIAL CO.(*) 12935 Outer Forty Dr. 63141 314 523-2100 Fax: 314 576-3735

Springfield THE HAWTHORN CO. P.O. Box 11083 65808 417 882-2322

NEBRASKA

Omaha DAISLEY RUFF FINANCIAL CORP. 440 Regency Pky. 68114 402 391 -2110; Fax: 402 391 -1127

PACIFIC REALTY MORTGAGE CO., L.L.C. Ste. 403,1905 Harney St. 68102 402 345-5866 Fax: 402 345-0422

NEVADA

Incline Village LA JOLLA NEWPORT FINANCIAL Ste. 1, 931 Tahoe Blvd. 89451 702 831-5539; Fax: 702 831-5727

Las Vegas WESTERN MTGE. LOAN CORP. Ste.158, 1900 E. Flamingo 89119 702 693-4600; Fax: 702 693-4646

NEW HAMPSHIRE

Rye Beach FIRST INVESTMENT MTGE. GROUP, INC. 961 Washington Rd. 03871 603 964-7750; Fax: 603 964-7748

NEW JERSEY

Chatham DAVID CRONHEIM MTGE. CORP. 205 Main St. 07928 201 635-6800; Fax: 201 635-6091

Cranford CURRAN/KAUFFMAN MTGE. ASSOC. INC. 25 Commerce Dr. 07016 908 709-0444; Fax: 908 709-0235

Hackensack (a) KENNEDY FUNDING INC. Ste. 402, 2 University Plaza 07601 201 342-8500; Fax: 201 342-8373

L. J. MELODY & COMPANY Continental Plaza III 433 Hackensack Ave. 07601 201 488-6000

Mount Laurel NEW AMERICA FINANCIAL SERVICES 21 Roland Ave. 08054 609 439-9681 Fax: 609 439-9319

National mortgage correspondent, hybrid sale leaseback structures, conventional debt, equity participation. 1031 exchanges, financial analysis and engineering, and synthetic lease structures.

Newark PRUDENTIAL CAPITAL GROUP(*) 100 Mulberry St. 07142 201 802-7500; Fax: 201 802-2662

THE PRUDENTIAL INS. CO. OF AMERICA 751 Broad St.,15 Plaza 07102 201 802-9207; Fax: 201 302-3128

NEW MEXICO

Santa Fe SHARP CAPITAL INC. Ste. K,1012 Calle Don Roberto 87505 505 474-7770; Fax: 505 474-6660

NEW YORK

Fresh Meadows MILES I. TURKAT & ASSOC. 76-16 169th St. 11366 718 969-7367; Fax: 718 969-7490

Great Neck M. ROBERT GOLDMAN & CO., INC. 111 Great Neck Rd. 11021 -5402 516 487-5100; Fax: 516 487-5183

New York City THE ACKMAN-ZIFF REAL ESTATE GROUP 110 E. 42nd St. 10017 212 697-3333; Fax: 212 286-4033

AIG MTGE. FINANCE CO. INC. 57th Fl., 1 Chase Manhattan Plaza 10005 212 504-5200 Fax: 212 514-5235

HAROLD D. BAKER & CO., INC. 60 E. 42nd St.10165 212 687-8356; Fax: 212 573-6362

BANE MTGE. CAPITAL ASSOCS. 12th Fl.,154 W. 70th St. 10023 212 595-9465; Fax: 212 595-9466

BANKERS TRUST 280 Park Ave. 10017 212 454-3140; Fax: 212 454-1733

(a) CHASE COMMERCIAL MORTGAGE BANKING CORP. 380 Madison Ave. 10017 800 276-0035

COOPER-HOROWITZ INC. 51 E. 42nd St. 10017 212 986-8400; Fax: 212 983-0512

CUSHMAN & WAKEFIELD, INC. 51 W. 52nd St. 10019 212 841-7995 Fax: 212 841-7867

FITCH INVESTORS SERVICES 1 State Street Plaza 10004 212 908-0500 Fax: 212 480-4435

GOLDMAN SACHS & CO. 85 Broad St. 10004 212 902-5900; Fax: 212 902-3000

HIDALGO & COMPANY 155 Spring St. 10022 212 980-2200; Fax: 212 593-2523

LAZARD FRERES R.E. INVESTORS 30 Rockefeller Pl., 63rd Fl 10020 212 632-6000; Fax: 212 332-5980

L. J. MELODY & COMPANY 560 Lexington Ave. 10022 212 223-7171

MERRILL LYNCH & CO. World Financial Ctr., N. Twr.10281 212 449-7771; Fax: 212 449-7165

NOMURA ASSET CAPITAL CORP. Bldg. E, Two World Financial Ctr. 10281 212 667-9300 Fax: 212 667-1526

PAINE WEBBER REAL ESTATE SECURITIES 1285 Ave. of the Americas, 19th Fl. 10019 212 713-7990 Fax: 212 713-8606

PARALLEL CAPITAL CORPORATION 250 Park Ave. 10177 212 972-7600 Fax: 212 972-2773

PHOENIX NORTHEAST RLTY & DEV. CORP. 110 E. 59th St.10022 212 688-5600; Fax: 212 688-6683

RANDELL ASSOC. INC. 310 E. 55th St. 10022 212 778-1977; Fax: 212 778-3194

PRUDENTIAL SECURITIES One New York Plaza,18th Fl. 10292 212 759-1988; Fax: 212 759-1922

RFG FINANCIAL, INC. 28th Fl.. 767 5th Ave.10153 212 421-0810; Fax: 212 421-4630

SPENCE HILL ASSOCIATES, INC. Ste.1402, 375 Park Ave. 10152 212 888-8885 Fax: 212 888-3670

Provide financial services to owners and developers of commercial real estate. Principals: George P. Jahn; Norman P. Schoenfeld.

TEACHERS INSURANCE AND ANNUITY ASSOCIATION 730 Third Ave.10017-3206 212 916-4141 Fax: 212 916-5993 Web Site: http://www.tiaa-cref.org

TRIQUEST FIN'L SVCS. CORP. 505 Park Ave. 10022 212 752-7722; Fax: 212 752-7875

White Plains DORMAN & WILSON INC.(*) One N. Lexington Ave.10601 914 949-0520

Debt and equity correspondent for major life insurance companies in US.

TOKYO LEASING (U.S.A.) 2 Gannett Dr.10604 914 696-2200; Fax: 914 697-9034

NORTH CAROLINA

Charlotte DICKINSON LOGAN TODD & BARBER Ste. 1160, 6100 Fairview Rd. 28210 704 554-1330; Fax: 704 552-5495

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 1111, 212 S. Tryon St. 28281 704 333-7339

L. J. MELODY & COMPANY 1900 Charlotte Plaza 28244 704 376-7979

Hillsborough

GUARANTY NAT'L CORP. 1700 Riverside 27278 919 732-4745; Fax: 919 732-4745

OHIO

Akron NATIONAL CITY BANK N.E. One Cascade Plz. 44303 330 375-8429; Fax: 330 375-8436

Cincinnati VANGUARD FINANCIAL CO. 3400 Carew Tower 45202 513 241-6437; Fax: 513 241-4408

Columbus FRANKLIN CAPITOL ADVISORS 127 Fallis Rd. 43214 614 262-3485; Fax: 614 262-0837

OKLAHOMA

Oklahoma City AGAPE INDUSTRIES, INC. Ste.120, 8308 NW 118th St. 73162 405 721-7444; Fax: 405 721-7444

Tulsa HOLLIDAY MORTGAGE CORP. Ste. 300, 7335 S. Lewis 74136 918 492-1707; Fax: 918 481 -3507

OREGON

Lake Oswego INTERVEST-MORTGAGE INVESTMENT CO. Ste. 215, 5285 S.W. Meadows Rd. 97035 503 684-4570

Portland L. J. MELODY & COMPANY First Interstate Tower 1300 S.W. Fifth Ave. 97201 503 221-1900

MORGAN, COX & SLATER, LTD. Ste. 1406, 707 S.W. Washington 97205 503 223-1973 Fax: 503 223-2011 E-Mail: mcs@teleport.com

NATIONAL MORTGAGE CO. Ste.1850, 900 S.W. 5th Ave. 97204-1298 503 226-2681, Fax: 503 226-6244

NORRIS, BEGGS & SIMPSON Corp. Hqtrs., Ste. 200,121 S.W. Morrison 97204 503 223-7181 Fax: 503 273-0256

A full-service commercial real estate firm with offices in major cities in Oregon and Washington, and affiliated with the New America Network, the nation's largest organization of independent industrial and commercial real estate professionals.

PENNSYLVANIA

Berwyn

(a) ALLIED JACKSON-CROSS(*)ONCOR INTERNATIONAL MORTGAGE SERVICES John P. Street, President and Managing Partner Cassford Corp. Ctr., Ste. 101 1031 Old Cassatt Rd. 19312 610 647-4110

Allied Jackson-Cross.ONCOR International Mortgage Services provides commercial mortgage placement and servicing assistance to our borrowers and institutional lending clients. We take pride in the fact that we know our markets intimately and maintain an active relationship with the borrowing community. Our knowledge of borrowers and market areas enables us to avoid many of the troubled loan problems currently plaguing the industry. Our customer base includes national and regional development firms, local property owners and companies with financing requirements on real estate owned with attributes of income producing property. Proud of our heritage...Focused on the future.

JOHN CHATLEY III Ste.103, 200 Berwyn Pk. 19312 610 889-3900; Fax: 610 889-9270

Horsham GMAC COMM'L MTGE. CORP. 650 Dresher Rd., P.O. Box 1015 19044-8015 215 682-1422; Fax: 215 682-1316

Huntingdon Valley MORTON WEIMAN & ASSOCS. 553 Hoyt Rd. 19006-8101 215 947-6587

Narberth ROYAL BANK OF PENNSYLVANIA 732 Montgomery 19072 215 668-4700; Fax: 215 668-1185

Newtown NETWORK AMERICA INC. 9 Connover Pl.18940 215 968-5554

Philadelphia (a) GE CAPITAL COMMERCIAL RE FINANCING 10th Fl., 1528 Walnut St. 19102 215 772-0100

LEGG MASON REAL ESTATE SERVICES Corp. Headquarters Mellon Bank Center, 12th Fl. 1735 Market St. 19103-7501 215 496-3000 Fax: 215 496-3077

Atlanta Regional Office: 1117 Perimeter Center West, W413 Atlanta, GA 30338-5417 770 671-8650; Fax: 770 671-8746

Baltimore Regional Office: 2330 W. Joppa Rd., Ste. 375 Lutherville, MD 21093-7203 410 296-6565; Fax: 410 321-8049

Boca Raton Regional Office: 1900 Glades Rd., Ste. 270 Boca Raton, FL 33431-7333 407 362-7366; Fax: 407 362-7370

Carolina Regional Office: 1901 Roxborough Rd., Ste. 215 Charlotte, NC 28211-3482 704 362-3500; Fax: 704 362-1382

Harrisburg Regional Office: 2040 Linglestown Rd., Ste. 102 Harrisburg, PA 17110-9568 717 541-5440; Fax: 717 541-5443

Jacksonville Regional Office: 7785 Baymeadows Way, Ste. 310 Jacksonville, FL 32256-7562 904 737-9896; Fax: 904 737-9993

Miami Regional Office: 15280 N.W. 79th Ct., Ste. 101 Miami Lakes, FL 33016-5852 305 820-6600; Fax: 305 820-6635

Nat'l Capital Regional Office: One Democracy Plaza 6701 Democracy Blvd., Ste. 605 Bethesda, MD 20817-1572 301 897-0300; Fax: 301 897-0350

Orlando Regional Office: 255 S. Orange Ave., Ste. 1540 Orlando, FL 32802-3431 407 843-4004; Fax: 407 841-1870

Tampa Regional Office: One Tampa City Ctr., Ste. 2570 Tampa, FL 33602-5816 813 223-3088; Fax: 813 223-3965

OXFORD FIRST CORP. 7300 Old York Rd.19126 215 782-7000; Fax: 215 782-7305

PIDC 2600 Centre Square W.,1500 Market St. 19102 215 496-8123 Fax: 215 977-9618

PIDC, Philadelphia's economic development corporation, helps firms locate or expand in the city by offering an array of below-market financing programs an d fully-improved land for sale.

Pittsburgh CAREY, BRUMBAUGH & ASSOC. Ste. 950,1001 Liberty Ave. 15222 412 471-9660; Fax: 412 471-9665

MELLON MORTGAGE CO. Ste. 280, Two Mellon Bank Ctr. 15259 412 566-1313; Fax: 412 236-0674

PNS REALTY PARTNERS(*) Ste.1100, 429 Fourth Ave. 15219 412 281-8714; Fax: 412 281-2792

WARD FINANCIAL CO. Ste. 304, Manor Oak 2 1910 Cochran Rd.15220 412 563-6944: Fax: 412 563-6177

Wayne PRO-GRESSIVE MORTGAGE CORP. Ste.101, 999 Old Eagle School Rd.19087 610 687-9718; Fax: 610 971 -0672

SOUTH CAROLINA

Greenville PROFESSIONAL MORTGAGE CO. Park Ave. at Bennett St. 29601 864 242-0079; Fax: 864 242-1877

TENNESSEE

Brentwood WOODMARK, INC. Ste. 260,109 Westpark Dr. 37027 615 371 -9600; Fax: 615 373-1485

Chattanooga PROVIDENT LIFE & ACCIDENT INS. CO. Mortgage Loan Dept. One Fountain Sq. 37402 615 755-1011

Knoxville THE FRAZIER COMPANY 5409-B Kingston Pike 37919 423 588-0990; Fax: 423 588-0958

Memphis BOATMEN'S NAT'L MORTGAGE Ste. 300, 6060 Poplar38119 800 882-9304; Fax: 901 762-7120

F. M. CRUMP & CO. 6240 Poplar Ave. 38119 901 683-2530; Fax: 901 683-3799

TEXAS

Austin COMMERCE MTGE. CO. Ste.106, 9111 Jollyville Rd. 78759 512 346-7030; Fax: 512 346-0520

L. J. MELODY & COMPANY Ste. 620, 9442 Capital of Texas Hwy. N. 78759 512 346-9216

Bandera MORROW & COMPANY North Mulberry St., P.O. Box 1750 78003 210 796-7735; Fax: 210 796-4774

Dallas AMRESCO CAPITAL CORPORATION Michael N. Maberry Ste. 2400, LB 342 700 N. Pearl St. 75201-7424 800 966-7887 Fax: 214 953-7977 Web Site: http://www.amresco.com

ANCHOR FUNDING Ste. 450, 3811 Turtle Creek Blvd. 75219 214 716-2080; Fax: 214 716-2055

CATALINA MORTGAGE - TEXAS, INC. Ste. 240, 5580 LBJ Fwy. 75240 214 520-6202 Fax: 214 520-6205

CTX MORTGAGE CO. 3333 Lee Pky. 75219 214 559-5100; Fax: 214 559-5199

ROBERT FAUST MTGE. CO. #620, 6060 N. Central Expwy. 75206 214 691-1545; Fax: 214 891-0327

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 2000, One Galleria Tower 13355 Noel Rd. 75240 214 383-7500

HOLLIDAY FENOGLIO DOCKERTY & GIBSON, INC. (*) Ste.1301, 5956 Sherry Ln. 75225 214 265-0880; Fax: 214 265-1686

L. J. MELODY & COMPANY Ste.1210,12900 Preston Rd. 75230 214 661-3274

PMC CAPITAL INC. 3rd Fl.,17290 Preston Rd. 75252 214 380-0044; Fax: 214 380-1371

WALLENSTEIN/GRUBB & ELLIS 1600 Two Lincoln Centre, 5420 LBJ Fwy. 75240 214 450-3210; Fax: 214 450-3399

Fort Worth NORTH AMERICAN CAPITAL, INC. One Ridgemar Ctr., Ste. 715 6500 West Fwy. 76116 817 731-4200

Houston THE DUNKUM MORTGAGE GROUP #210, 1800 St. James Pl. 77056 713 993-1300; Fax: 713 993-1399

HOLLIDAY FENOGLIO DOCKERTY & GIBSON, INC. 3003 W. Alabama 77098 713 527-9646; Fax: 713 527-8725

HOLLIDAY FENOGLIO, INC. 3003 W. Alabama St. 77098-2032 713 527-9646 Fax: 713 527-8725 Web Site: http://www.amcesco.com

L. J. MELODY & COMPANY(*) Ste. 4400, 5847 San Felipe 77057 713 787-1900 Fax: 713 787-1998

L. J. Melody 8 Company, a CB Commercial Company, is a real estate investment advisory and mortgage banking firm headquartered in Houston, Texas. The firm originates and manages equity, participating mortgage and fixed rate mortgage investments for public pension funds, life insurance companies, banks, credit companies, agencies and securitized conduit programs from twenty offices across the country.

STOCKTON, LUEDEMANN. FRENCH & WEST Ste. 2400, One Riverway 77056 713 622-6300; Fax: 713 622-3439

San Antonio LEE YOUNG AND ASSOCS. INC. 108 Trailcrest St. 78232-1319 210 490-8489

UTAH

Park City CHARTERHOUSE INVESTMENT CO. Ste. 200, 1912 Sidewinder Dr. 84060 801 649-1798; Fax: 801 649-0933

VIRGINIA

Arlington C. W. COBB & ASSOCIATES, INC. #8, 4141 N. Henderson Rd. 22203 703 527-5200 Fax: 703 527-3700

Chesapeake ATLANTIC MTGE. & INVST. CO. #465, 1401 Greenbrier Pky. 23320 804 424-2935; Fax: 804 424-1369

Richmond ATLANTIC MORTGAGE & INV. CO. Ste.104, 804 Moorefield Pk. Dr. 23236 804 272-2028; Fax: 804 330-4239

CAPITAL RESOURCES NETWORK, INC. 9603 Wildbriar Ln. 23229 804 747-7255: Fax: 804 747-1122

GMAC COMMERCIAL MTGE. 10th Fl., 823 E. Main St. 23219 804 644-8154; Fax: 804 644-8126

JOHN B. LEVY & CO., INC. Ste. 410, 1001 E. Main St. 23219 804 644-2000; Fax: 804 783-1608

Vienna C. J. CROSS R.E. SVCS LTD. Ste. 410, 8330 Boone Blvd. 22182 703 903-0360; Fax: 703 903-0365

LEXINGTON MORTGAGE CO. 8614 Westwood Center Dr. 22182 703 790-8600; Fax: 703 749-4399

(a) WASHINGTON MORTGAGE FINANCIAL GP.(*) #400, 1593 Spring Hill Rd. 22182 800 284-3579 Fax: 703 610-1401

WASHINGTON

Seattle (a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 2901, 506 Second Ave. 98104 206 343-3000

L. J. MELODY & COMPANY U.S. Bank Centre 1420 Fifth Ave. 98101 206 292-1600

(a) PINNACLE REALTY MGT. CO. Ste. 110, 401 Second Ave. S. 98104 206 215-9700 Fax: 206 215-9777

WISCONSIN

Kenosha KENOSHA AREA BUSINESS ALLIANCE Ste. 101, 5455 Sheridan Rd. 53140 414 605-1100; Fax: 414 605-1111

Milwaukee NORTHWESTERN MUTUAL LIFE INSUR. CO. 720 E. Wisconsin Ave. 53202 414 271 -1444; Fax: 300 558-9299

CANADA

BRITISH COLUMBIA

Vancouver COLLIERS INTERNATIONAL Ste.1600, 200 Granville St. V6C 2R6 604 681 -4111 Fax: 604 661-0849

CONSTRUCTION

UNITED STATES

ALABAMA

Birmingham COMPASS BANK 15 S. 20th St. 35233 205 933-3867; Fax: 205 933-3901

CALIFORNIA

Los Angeles ING CAPITAL CORP. #500,11100 Santa Monica Dr. 90025 310 966-2028 Fax: 310 966-2061

THE NIPPON CREDIT BANK, LTD. Ste. 2500, 550 S. Hope St. 90071 213 243-5555; Fax: 213 628-1649

San Jose COMERICA BANK CALIFORNIA Telephone number missing 5th Fl., 333 W. Santa Clara St. 95113 408 556-5000

FLORIDA

Clearwater (a) MIDLAND MORTGAGE INVESTMENT CORP. Ste. 1200, 33 N. Garden Ave. 34615 813 461-4801 Fax: 813 443-6067

Miami AZTEC GROUP, INC. PH-IIA. 2665 S. Bayshore Dr. 33133 305 854-5000

MASSACHUSETTS

Gloucester ROCKPORT MTGE. CORP. Two Blackburn Center 01930 508 283-9208 Fax: 508 283-1957

Full service mortgage banking firm providing financing for multifamily, commercial and healthcare properties. Offering FHA-insured financing, FNMA/DUS, Freddie Mac, and a variety of private institutional and securitized financing sources.

NEBRASKA

Omaha PACIFIC REALTY MORTGAGE CO., L.L.C. Ste. 403, 1905 Harney St. 68102 402 345-5866 Fax: 402 345-0422

NEW JERSEY

Marlton JEFFERSON PENN MTGE. Ste. 306A, 525 Rte. 73 S. 08053 609 596-2666

VIRGINIA

Arlington C. W. COBB & ASSOCIATES, INC. #8, 4141 N. Henderson Rd. 22203 703 527-5200 Fax: 703 527-3700

MULTIFAMILY HOUSING

UNITED STATES

ALABAMA

Birmingham COLLATERAL MORTGAGE, LTD. 524 Lorna Sq. 35216 205 978-1840 Fax: 205 978-1852

ARIZONA

Phoenix (a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 1530, 3200 N. Central Ave. 85012 602 248-4300

CALIFORNIA

Beverly Hills REAL ESTATE INVESTMENT CO. Ste. 600, 9454 Wilshire Blvd. 90212 310 271 -4601

Calabasas ARCS MORTGAGE INC. Ste.100, 26541 Agoura Rd. 91302-1958 818 880-3300; Fax: 818 880-3303

Irvine (a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 500, 7700 Irvine Center Dr. 92718-2927 714 753-5700

Irwindale HOME SAVINGS OF AMERICA #515, 4900 Rivergrade Rd. 91706 818 814-7343; Fax 818 814-7387

Los Angeles ING CAPITAL CORP. #500, 11100 Santa Monica Dr. 90025 310 966-2028 Fax: 310 966-2061

Newport Beach BANKERS MUTUAL Ste. 1100, 4695 MacArthur Ct. 92660 800 432-3806; Fax: 714 752-7508

WASHINGTON CAPITAL Ste. 3000, 5000 Birch St. 92660 714 476-3663 Fax: 714 476-3704

San Francisco ARBOR NATIONAL COMMERCIAL MTGE., LLC Ste. 1710, One Market Spear Tower 94105 415 357-0990 Fax: 415 357-0993

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 401, 95 Hawthorne St. 94105 415 788-2765

TRI FINANCIAL CORPORATION 23rd Fl., 100 Pine St. 94111 800 481-4874 Fax: 415 989-0329

U.S. LEASING--REAL ESTATE 733 Front St. 94111 415 627-4410; Fax: 415 627-44413

San Rafael PW FUNDING INC. Creekside Center, Ste. B-122, 7 Mt. Lassen Dr. 94903

415 472-3464 Fax: 415 472-3465

Sausalito FIRST AFFILIATED FINANCE CORP. Ste. 227.180 Harbor Dr. 94965 415 332-5454; Fax: 415 332-8550

Studio City CALIFORNIA TRUST DEED & MTGE. Ste. 351,11012 Ventura Blvd. 91604 800 742-2728; Fax: 318 509-9229

Walnut Creek WASHINGTON CAPITAL Ste. 340,1333 N. California Blvd. 94596 510 944-0700 Fax: 510 944-4803

COLORADO

Denver (a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 1160. 4643 S. Ulster St. 80237

NEWMAN AND ASSOCS., INC M Ste. 3700, 1801 California St. 80202 303 293-8500; Fax: 303 296-6804 303 770-3150

CONNECTICUT

Stamford (a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Administrative Headquarters: 292 Long Ridge Rd. 06927 203 357-4381

DISTRICT OF COLUMBIA

FANNIE MAE 3900 Wisconsin Ave. N.W. 20016 202 752-7055; Fax: 202 752-5016

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 1150 E., 1299 Pennsylvania Ave., N.W. 20004-2407 202 637-4500

RANDALL H. HAGNER & CO., INC. 1321 Connecticut Ave., N.W. 20036 202 857-4300 Fax: 202 872-0408

THE UNION LABOR LIFE INS. CO. 111 Massachusetts Ave. N.W. 20001 202 962-8928 Fax: 202 682-7932 Providing construction, forward commitments and immediate fundings nationwide. For further information, please contact: Herbert A. Kolben, Director, Mortgage Investment, (202) 682-7923

FLORIDA

Boca Raton (a) BERKSHIRE MORTGAGE FINANCE Elizabeth Stevens, Regional Vice President David Hirschfeld, Vice President Ste. 255, 2424 N. Federal Hwy. 33431 407 361-1963

BERKSHIRE MORTGAGE FINANCE provides real estate financing nationwide for the acquisition, construction, rehabilitation and refinancing of multifamily, commercial and long-term healthcare properties.

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 318, 2424 N. Federal Hwy. 33431 407 447-7979

(a) GRAND COURT LIFESTYLES, INC. Ste. 350, 2650 N. Military Tr. 33431 407 997-0323; Fax: 407 997-7592

Clearwater (a) MIDLAND MORTGAGE INVESTMENT CORP. Ste. 1200, 33 N. Garden Ave. 34615 813 461-4801 Fax: 813 443-6067

Miami AZTEC GROUP, INC. PH-IIA, 2665 S. Bayshore Dr. 33133 305 854-5000

GEORGIA

Atlanta (a) BERKSHIRE MORTGAGE FINANCE Jane Z. Harrison, Regional Vice President Ste. 900, 1000 Parkwood Cir. 30339 770 952-5088, 800 366-8033

BERKSHIRE MORTGAGE FINANCE provides real estate financing nationwide for the acquisition, construction, rehabilitation and refinancing of multifamily, commercial and long-term healthcare properties.

COLUMN FINANCIAL INC. Ste. 1140, 3414 Peachtree Rd. 30326 404 239-5300 Fax: 404 239-0419 Contact: Kieran P. Quinn, Pres. Regions:

Gregory R. Golden - Dallas, TX (214) 663-8600

Timothy J. Meyer - Chicago, IL (312) 494-0090

John R. Richards - Atlanta, GA (404) 239-5305

Paul K. Angle - Irvine, CA (714) 263-9500

John D. Pierandri - Norwalk, CT (203) 846-4727

A joint venture between Equitable Real Estate Investment Management and Donaldson Lufkin & Jenrette specializing in providing permanent financing for Multi-family, Retail and Hotel properties. Loan transactions starting from $1 million.

THE ESPY CO. 100 Northcreek, #150 3715 Northside Pwy. 30327 404 233-8171 Fax: 404 233-5514

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 900, 600 W. Peachtree St., N.W. 30308 404 877-1700

INSIGNIA MORTGAGE & INVST. CO. Ste. 440, 100 Ashford Ctr. N. 30338 770 393-1134 Fax: 770 698-6622

RMG INS. & FIN'L SVCS. Ste.450, 5901-B Peachtree Dunwoody Rd.30328 770 395-1711; Fax: 770 395-1585

WEINBERG & ASSOCS. INC. Ste. 200, 1932 N. Druid Hills Rd., N.E. 30319 404 634-4700 Fax: 404 634-0319

ILLINOIS

Chicago ARBOR NATIONAL COMMERCIAL MTGE., LLC Ste. 404, 33 W. Grand St. 606010 312 644-9444 Fax: 312 644-9454

ARIES CAPITAL #500 W, 220 W. Huron 60610 312 642-0100 Fax: 312 642-9291

Bank of America

BANK OF AMERICA COMMERCIAL MORTGAGE SERVICES ORIGINATION 15th Fl., 231 S. LaSalle 60697 312 828-4136 Fax: 312 828-6132 CMSO is actively seeking qualified commercial mortgage real estate loans from $750,000 to $10,000,000 on completed and leased apartment, industrial, warehouse, medical and general office, retail and mobile home park properties in the Midwest.

CAMBRIDGE REALTY CAPITAL, LTD. 200 W. Superior St. 60610 312 943-1911 Fax: 312 943-2480 E-Mail: gencamreal@aol.com

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 200, 209 W. Jackson 60606 312 781-7841

MID-NORTH FINANCIAL SERVICES INC. 205 W. Wacker Dr. 60606 312 641-0660 Fax: 312 977-0020

ST. PAUL FEDERAL BANK FOR SAVINGS 6700 W. North Ave. 60635 312 804-2108; Fax: 312 804-2580

(a) TVO REAL ESTATE SVCS. Ste. 600, 70 E. Lake St. 60601 312 553-1133 Fax: 312 553-0440

WASHINGTON CAPITAL Ste. 2200, 225 W. Washington St. 60606 312 419-4033 Fax: 312 419-4034

ZISOOK & ASSOCIATES, INC. 3601 Devon Ave. 60659 312 478-3400 Fax: 312 478-3410

Mortgage Grove KRAMER & KRAMER MTGE. CORP. 5619 Carol Ave. 60053 847 965-3000; Fax: 847 965-3055

River Forest DOWLING & CO., MKTG. REDUCTIONS P.O. Box 5397 60305 708 771-3000

Rosemont (a) BERKSHIRE MORTGAGE FINANCE Allan Edelson, Vice President Joseph Spina, Vice President Ste. 300, 6133 N. River Rd. 60018 708 518-0440, 800 994-BERK

BERKSHIRE MORTGAGE FINANCE provides real estate financing nationwide for the acquisition, construction, rehabilitation and refinancing of multifamily, commercial and long-term healthcare properties.

Schamburg FIDELITY MTGE. & INVST. CORP. Ste. 750, 1701 E. Woodfield Rd. Schaumburg, IL60173 708 330-1166; Fax: 708 330-0323

INDIANA

South Bend CENTENNIAL MTGE. INC. 3206 Sugar Maple Business Ct. 46628 219 233-6773; Fax: 219 233-6855

KANSAS

Overland Park

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL REAL FINANCING Ste. 200, 7400 College Blvd. 66210 913 661-6410

MARYLAND

Baltimore AGM FIN'L SERVICES Ste. 910, 5 Light St. 21202 410 727-2111; Fax: 410 347-3970

FIRST MARYLAND MORTGAGE CORP. Mail Code 109-906 110 S. Paca St. 21201 800 737-2344; Fax: 410 347-6893

OLYMPIC MORTGAGE 14 Pomona St 21208 410 602-1664; Fax: 410 602-1663

Bethesda AMI CAPITAL INC. Ste. 200, 7200 Wisconsin Ave. 20814 301 654-0033 Fax: 301 951-3254

GREEN PARK FINANCIAL #800, 7500 Old Georgetown Rd. 20814-6133 301 215-5500; Fax: 30121 5-5579

KING MTGE. CORP. Ste. 3, 7832 Aberdeen Rd. 20814 301 718-3646; Fax: 301 718-9731

THE PATRICIAN FINANCIAL CO.(*) Ste. 1150, 4550 Montgomery Ave. 20814 301 718-2000 Provides permanent financing nationwide for existing rental apartments, nursing homes and assisted living through a nationwide mortgage securitization conduit and as an approved Fannie Mae DUS lender. Also experienced in construction and permanent financing for tax credit properties and in providing substitute credit enhancement for tax exempt bond issues. Provides FHA Insured fixed rate construction and permanent loans for proposed apartment properties and nursing homes and refinancing or acquisition loans for existing apartments or nursing homes.

MASSACHUSETTS

Boston ARBOR NATIONAL COMMERCIAL MTGE., LLC 15 Broad St. 02116 617 557-0100 Fax: 617 557-0109

(a) BERKSHIRE MORTGAGE FINANCE(*) Ellen Connoly, Senior Vice President -- Healthcare Kurt H. Reimann, Vice President Harbor Plaza, 470 Atlantic Ave. 02210 617 556-1584

BERKSHIRE MORTGAGE FINANCE provides real estate financing nationwide for the acquisition, construction, rehabilitation and refinancing of multifamily, commercial and long-term healthcare properties.

BOSTON CAPITAL PARTNERS INC. One Boston Pl. 02108 617 624-8900; Fax: 617 624-8999

BOSTON FINANCIAL 101 Arch St. 02110 617 439-3911 Fax: 617 772-9412

CONTINENTAL WINGATE MORTGAGE GROUP 75 Central St. 02110 800 332-0372; 617 574-9000 Fax: 617 482-2333 Continental Wingate Mortgage Group is a full-service mortgage banker/lender specializing in conventional financing for apartments, shopping centers, hotels and seniors housing, as well as FHA financing for apartments and nursing homes. The company is also a licensed FNMA DUS lender.

Gloucester ROCKPORT MTGE. CORP. Two Blackburn Center 01930 508 283-9208 Fax: 508 283-1957 Full service mortgage banking firm providing financing for multifamily, commercial and healthcare properties. Offering FHA-insured financing, FNMA/DUS, Freddie Mac, and a variety of private institutional and securitized financing sources.

MICHIGAN

Birmingham WESTPOINTE FINANCIAL CORP. Ste.100, 260 E. Brown 48009-6233 313 644-8838 Fax: 313 644-5760

MINNESOTA

Bloomington NORTHLAND FINANCIAL CO. Ste. 250. 3600 W. 80th St. 55431-4507 612 921-8000 612 921-8021

MISSOURI

Kansas City RESERVE MORTGAGE CORP. 800 W. 47th St. 64112 816 753-0221; Fax: 816 753-4409

NEBRASKA

Omaha PACIFIC REALTY MORTGAGE CO., L.L.C. Ste. 403, 1905 Harney St. 6810Z 402 345-5866 Fax: 402 345-0422

NEW JERSEY

Edison WMF/HUNTOON, PAIGE ASSOCS. 10th Fl., 379 Thornall St. 08837-2231 908 767-8700; Fax: 908 767-1552

Hackensack M. TUCK CAPITAL ASSOCS. 873 Main St. 07601 201 525-0600; Fax: 201 525-0137

Somerset LARSON FINANCIAL RESOURCES 100 Franklin Square Dr. 08873 908 560-3900 Fax: 908 560-9727 Mortgage banker specializing in commercial and multi-family. Life insurance companies correspondent; FHLMC Program Plus -- New Jersey, New York, Pennsylvania. Gus Larson, Managing Director-Principal.

NEW YORK

Mineola PW FUNDING INC. Ste. 580, 200 Old Country Rd. 11501 516 663-5671 Fax: 516 873-0080

New York City AFC REALTY CAPITAL INC. 1212 Ave. of the Americas 10036 212 768-0331; Fax: 212 768-0336

AIG MTGE. FINANCE CO. INC. 57th Fl., 1 Chase Manhattan Plaza 10005 212 504-5200 Fax: 212 514-5235

CENTRE MORTGAGE CAPITAL, LLC 9th Fl., 625 Madison Ave. 10022 212 421-5580 Fax: 212 750-3639

(a) CHASE COMMERCIAL MORTGAGE BANKING CORP. 380 Madison Ave. 10017 800 276-0035

FITCH INVESTORS SERVICES 1 State Street Plaza 10004

GE Capital Commercial Real Estate Financing & Services

212 908-0500 Fax: 212 480-4435

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING 9th Fl., 125 Park Ave. 10017-5613 212 850-5800

NOMURA ASSET CAPITAL CORP. Bldg. E, Two World Financial Ctr. 10281 212 667-9300 Fax: 212 667-1526

PAINE WEBBER REAL ESTATE SECURITIES 1285 Ave. of the Americas, 19th Fl. 10019 212 713-7990 Fax: 212 713-8606

RELATED CAPITAL CO. 625 Madison Ave. 10022 212 421-5333 Fax: 212 593-5794

JEFFREY W. SOSNICK, LIC. R.E. BROKER 119 E. 38th St. 10016

SPENCE HILL ASSOCIATES, INC. Ste. 1402, 375 Park Ave.10152 212 888-8885 Fax: 212 888-3670

Rochester FIRST FUNDING 633 Park Ave. 14607-2924 212 889-0968 Fax: 212 779-0907 716 473-6620; Fax: 716 473-6305

Uniondale ARBOR NATIONAL COMMERCIAL MTGE., LLC Ste. 9O0, 333 Earle Ovington Blvd. 11553 516 832-8002 Fax: 516 832-8045

White Plains JOHN H. BOTTJER & CO. 140 Grand St. 10601 914 683-1898; Fax: 914 683-1897

Woodmere MARTIN WEISINGER MTGE. CO. 343 Howard Ave. 11598 516 295-3411; Fax: 516 295-9279

NORTH CAROLINA

Charlotte

GE Capital Commercial Real State Financing & Services

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING Ste. 1111, 212 S. Tryon St. 28281 704 333-7339

OHIO

Columbus BANC ONE CAPITAL FUNDING CORP. Ste. 400, 10 W. Broad St. 43215 800 837-5100; Fax: 614 227-7787

Dublin STATE SAVINGS BANK 3800 W. Dublin-Granville Rd. 4301 614 764-1446

OREGON

Salem BAKER MORTGAGE CO. P.O. Box 12964 97309-0964 503 390-4914; Fax: 503 390-8386

PENNSYLVANIA

Philadelphia

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING 10th Fl., 1528 Walnut St. 19102 215 772-0100

TEXAS

Dallas AMCAP MTGE. INC. #905, 8214 Westchester 75225 214 363-5626

ANCHOR FUNDING Ste. 450, 3811 Turtle Creek Blvd. 75219 214 520-6202 Fax: 214 520-6205

ARBOR NATIONAL COMMERCIAL MTGE., LLC Ste. 770, 4514 Cole Ave. 75205 214 521-7644 Fax: 214 521-7623

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL REAL ESTATE FINANCING

Ste. 2000, One Galleria Tower 13355 Noel Rd. 75240 214 960-1750

PW FUNDING INC. 1930 One Galleria Tower 13355 Noel Rd. 75240 214 702-7920 Fax: 214 702-7923

UTAH

Salt Lake City OMNI MORTGAGE Ste 7040 339 E. 3900 S. 84107 801 265-0110; Fax: 801 265-0284

VIRGINIA

Arlington C. W. COBB & ASSOCIATES, INC. #8, 4141 N. Henderson Rd. 22203 703 527-5200 Fax: 703 527-3700

WASHINGTON CAPITAL Ste. 1210, 1616 N. Fort Myer Dr. 22209 703 243-5100 Fax: 703 525-4323 McLean

FREDDIE MAC B-74, 8200 Jones Branch Dr. 22102 800 FREDDIE Fax: 703 714-3387 Freddie Mac offers a full range of competitively priced, reliable purchase programs for the acquisition, refinance or moderate rehabilitation of apartment buildings. Through a network of locally based lenders, our 50-some Program Plus[R] lenders represent some of the most knowledgeable and most sucessful multifamily originators in the country today. Freddie Mac has multifamily production offices in New York, NY (212) 418-8929; McLean, VA (703) 714-2640; Chicago, IL (312) 407-7460, and Woodland Hills, CA (818) 710-3170.

REILLY MORTGAGE GROUP, INC. Ste. 925, 2000 Corporate Ridge 22102 703 760-4700; Fax: 703 760-4750

Oakton ARBOR NATIONAL COMMERCIAL MTGE., LLC Ste. 303, 2911 Hunter Mill Rd. 22124 703 319-3311 Fax: 703 319-3905

Vienna (a) WASHINGTON MORTGAGE FINANCIAL GROUP #400, 1593 Spring Hill Rd. 22182 800 284-3579 Fax: 703 610-1401

Nationwide multifamily and commercial real estate lender. Combined with NHP Incorporated, the nation's second largest property manager of multifamily apartments in April 1996. WMF/Huntoon Paige Associates, its New Jerssey-based subsidiary, acquired American Capital Resources in May 1996, becoming the largest FHA insured multifamily lender in the nation. Permanent and construction, health care and affordable housing financing. FNMA DUS, Common Sense, FHLMC Program Plus, FHA/GNMA licensed. Additional offices in metro New York, Southern California, Dallas, Denver, Atlanta and Seattle.

WASHINGTON

Seattle EF&A 4746 11th Ave. N.E. 98105 800 522-6865; Fax: 206 522-7033

GE Capital Commercial Real Estate Financing & Services

(a) GE CAPITAL COMMERCIAL RE FINANCING Ste. 2901, 506 Second Ave. 98104 206 343-3000

WASHINGTON MUTUAL SAVINGS BANK 1191 2nd Ave. 93111 206 461-2100; Fax: 206 554-2611

Spokane WASHINGTON TRUST BANK P.O. Box 2127 99210 509 353-4115; Fax: 509 353-4005

(a) Denotes Advertiser (*) Ranking in Survey