Private Benny Banking, LLC Acquisition Process Private Benny Banking identifies a list of properties to target for acquisition,

sourcing properties from various government, commercial, and individual sources. Our sources for properties generally offer multiple properties in the same general area and our bid packages are for multiple property acquisitions, not just one single property Once targeted, properties are inspected and reviewed to ensure they meet PBB requirements for maximum profitability. These requirments include: --properties must be priced at an extremely severe discount from market value due to various possible distress indentifiers such as; abandonment, condemnation, foreclosure, etc. --property must not require more than 50% LTV(loan to value) funding in order to facilitate rehabilitation. --properties must be in desireable neighborhoods which will support one of our three exit strategies (sale, refinance, or lease) --property rehab work must be determined to be able to be completed within a 60 day timeframe. PBB calls for pool of funds. (Members are contributing to fund pools on a continuous basis). PBB assigns a pool of funds to the list of properties to be bid on. Once properties have been reviewed for acceptance by PBB, PBB assembles a package to include a bid for purchase from seller. Included in our bid, PBB must submit a Proof of Funds document which shows a verification of deposit into the PBB account to show the seller that we have the funds to complete the purchase transaction. In order to submit this proof of funds. PBB member recieves a property profile sheet detailing the project for which their funds have been pooled with up to 100 other members. PBB submits bid/offer to selling entity for review. Currently, PBB is making multiple offers on properties in several different cities. Once submitted, selling entity reviews the package which can take up to 30 days but generally takes about 7 business days. Selling entity replies with list of properties they have approved. (If PBB submits 30 properties for review, seller may approve all 30 or may list specific properties which have been approved along with a offer refusal on properties whose offers do not meet approval requirements) Once an an offer has been approved, PBB generally has 7-10 business days to fund the transaction to purchase the property(ies). PBB funds the purchase transaction with pooled funds from members. Depending on the selling party, funds may be funded directly to the seller or may be funded into escrow. Once property acquisition is complete, property information may be released to PBB members after execution of a non-disclosure/privacy agreement. (This option is considered on a case by case basis and not for partners with less than $2,000 in pooled funds) Rehab Funding Process

PBB submits property rehab package to funding source (if outside of PBB membership participants) for approval. Rehab Funder reviews loan package and approves within 24-48 hours. Rehab loan funds within 7 business days and rehab work commences. Rehab Funds may be drawn from private trust deed note holders within PBB membership, from other private investor money, or from conventional lenders.