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Los Angeles LDC, Inc.

1055 W. 7th Street, Ste. 2840
Los Angeles, CA 90017

Contact: Michael Banner,
Phone: 213-362-9113

Since 1996, the Los Angeles LDC has been involved in a wide variety of community development finance transaction in low income communities. During this period 84% of borrowers funded by the LDC have been located in low income communities. In those cases where borrowers not located in low income communities, 90% are minority led organizations or businesses. We have successfully raised and deployed our 1st Commercial Real Estate Private Equity Investment Loan Fund. The 504 ACE Loan Fund I (2004) was a $10 Million Fund. At our Fiscal Year End 2007, the total loan portfolio was $6.2MM and we have NO losses and experienced only one (1) default. Our average portfolio note rate 7.93% and the average note balance is $483,156 and our investor have earned cash on cash returns of 6.01% during the past three years. Given this success we have launched on 504 ACE LOAN FUND II has has the following characteristices: Commercial Real Estate Loan Fund $20 Million Offering - Private Placement, 100 units available, $200,000 minimum investment, Pricing target for Fund assets 3.0%-4.0% over 7-10 Treasuries or Swap Rate, Fund asset allow up to 90% LTV, Senior and junior debt available, Up 25/15 amortization and maturities, DCR 1.10-1.40, Manager’s fee 1.25 per annum of performing portfolio, Credit authority resides with “LDC” fund manager Investor commits to capital calls through 9/2010.


Los Angeles LDC, Inc.
The landlord wanted to sell the building occupied by A Different Look, Inc. The Dottin’s have operated their business for the past 30 years and faced the dilemma of being forced to move or buy the building to remain in the Manchester and Western community.

LDC provided financing under its 504 ACE program with interest only payments for the 1st five (5) years to reduce the impact of increase payments upon the business cashflow. This flexible structure allowed the Dottin’s to acquire the building and remain in the community and convert from a tenant to property owner. Full Story

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