Cash Call Results

© Western America Commercial LLC. 2009. All Rights Reserved. The information herein is subject to change without notice.

Cash Call ResultsOctober 26, 2009



Avoid Foreclosure: Ongoing Cash Call Required


Cash Call Estimates over Two Years

• Bite the bullet ($375K)• Accept the lender’s modification terms ($236K)• Seek alternative modification ($120K)

– Refuse fees, costs– Refuse interest deferral– If unsuccessful, allow foreclosure

• Allow the property to foreclose ($0)


Cash Call Underway Over Past 9 Months


Pattern of Payment

• $12K monthly Feb - July• $15K monthly Aug – Present

• Total call through Sep $102K• Paid call through Sep $87K (82%)


Cash Call Pattern

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

$15,000

Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09

Total Call Total Paid


Participating Co-Owners

0

2

4

6

8

10

12

14

Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09

Participating Co-Owners


WAC’s Evaluation

• Co-Owners have supported the cash call• Co-Owners willing to contribute more• Cash call amount must be as low as possible

Business

Cash Call Results