Doing business with CityView means that opportunities can be evaluated and funded rapidly. We are different from traditional lenders with unseen investment committees and inflexible underwriting requirements. Of course, we have high standards: they begin with the quality of the builder; the location and nature of the community; and the ultimate return on investment. Decisions are made swiftly, by the same people our builders deal with on a continuing basis.

Initial Screen – within 1 week

1. Review complete Project Package
2. Prepare initial pro forma
3. Visit site and developer/homebuilder (“sponsor”)
4. Indication of initial interest
   to sponsor
   

Letter of Intent – 3 days

1.  With builder, ascertain how CityView can assist in
     completing the project
2. Prepare non-binding letter of intent specifying roles
     and responsibilities

Due Diligence and Close – 4 weeks

1. Engage independent consultants for due diligence
2. Create business plan with sponsor
3. Prepare partnership documents
4. Submit to investment committee for vote
5. Close

Post Closing

1. Monthly meetings with asset managers focusing on
    construction, sales velocity, cost
    controls, closings and customer service