2015 Regional Economic ForecastReal Estate: Toxic or Home Sweet Home Bill Dallas, CEO │ June 16, 2015

Bill Dallas has been in real estate lending for 40 years or 80,000 hours…a true Outlier

Bill DallasOutlier

2

Bill Dallas Real Estate

Entrepreneur

Saleto

NCC

Built several mortgage companies from the ground up

* Acquisition price, not company valuation. Skyline has been in business since 1985. Dallas acquired control in 2009 and has led a Series A, B, C and debt financing for the company.

Founder and CEO of First Franklin

Co-founded

small retail

brokerage

Recapwith DLJ

RecapwithCIVC,

DLJ sells

Saleto

BoA

Acquisition

withCIVC

Company valuation ($ in millions)

Recapwith

Merrill Lynch

Founder - Ownit Skyline

*

wind down

business

Upfront Series B

Dallas Capital Series A

4

EllingtonSeries C

Skyline & NewLeaf Today

Hawaii

550+

$3bn+

30

3

Employees

Loan production 2015

Locations

Direct to agencies

Ranked in the Top 50 Mortgage Lenders in America in 2015 by Mortgage Executive Magazine, Headquartered in Calabasas, CA

5

Real estate entrepreneur 6

Optimism

OptimismExcitement

ThrillEuphoria

Anxiety

Denial

Fear

Desperation

Panic

Capitulation

Despondency Depression

Hope

Relief

Home Sweet Home

Toxic Waste

Real Estate is cyclical 7

After 8 years housing has arrived at a “new normal”

The FED-Inflation-interest rates-jobs & the economy

Rents are skyrocketing and home prices are not? The shared access generation and real estate

America is on sale…but folks aren’t buying?

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Oct 5, 2001 Apr 5, 2002

0-10 Years 10-20 Years 20-30 Years 30-40 Years 40-50 Years 50-60 Years 60-70+ Years

Loss of 1st Pet

iPhone & MAC

Allowance

Major Car Repa

ir

Car Accide

nt

Off to College

First Car

Armed Servic

es

1st Major Vacation

New Car

Going

into Debt

Marriage

Start a Family

Change Jobs

Divorce

Start a

Business

Move/ Relocate

Private

School

Sale of

Business

Hire Financi

al Planne

rInvestment Loss

Investment

PropertyChild off

to College

Elective Surgery

BankruptcyHome

Ownership

Pay off

Debt

Retirement

Adult Comput

er Conver

sion

Inheritance

Health Concer

ns

Parents Depend

ent

Major Surge

ry

Re-thinking Life Events

Mellennials are delaying life events Push back marriage, kids & homes

Investment Loss

Einstein; “compound interest is the 8th wonder of the world.”

Owing is a form of “forced savings”(retirement)

There are substantial tax benefits (friend with benefits)

“The best investment on earth is earth.”

You can buy a house with somebody else’s money (leverage)You are paying for housing whether you own or rent (slavery)

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Letterman Top TenWhy is golf better than…

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Thank youbd@skylinehomeloans.comMortgages Done Better. Finally. SM