$40,700,000
A Two-Year Senior Loan
and a Five-Year Mezzanine Loan
Provided by:

A $28 million first mortgage and
a $12.7 million in mezzanine financing for
the acquisition of a 1,006 unitmultifamily
portfolio located in Dallas and Houston
Texas, by a not-for-profit entity


December 31, 2003

SGS-AVR, LLC

$18,100,000
A Two-Year Senior Loan
Provided by:

Acquisition financing secured by
782 acres of land near Aspen,
Colorado, for the development of
estate type residential lots.


March 2, 2005

Park Avenue
Hospitality
$8,250,000
A Two-Year Senior Loan
Provided by:

Acquisition financing secured by a
hotel located in New York as a
bridge solution to long term financing.


April 8, 2005

Marriott Courtyard
$14,500,000
A Three-Year Mezzanine Loan
Provided by:

Mezzanine construction loan
for the development of a mixed-
use hospitality property
located in New York City


July 23, 2004

White
Street
$11,600,000
An Eighteen-Month Senior Loan
Provided by:

Senior loan for the acquisition
and conversion of an industrial
manufacturing building into five
luxury residential lofts located
in New York City


April 30, 2004

Washington Street
$7,000,000
A Twelve-Month Senior Loan
Provided by:

Bridge loan which enabled the
developer to complete the entitlement
and zoning process required for the
development of residential
condominiums in New York City


October 3, 2005

Fort Tryon
$10,000,000
A Twelve-Month Senior Loan
Provided by:

Bridge loan which enabled the developer to complete the entitlement
and zoning processes requred for the
development of a residential
condomminiums in New York City


April 22, 2005

Hobe Sound
$4,400,000
A Two-Year Senior Loan
Provided by:

Senior bridge facility for the
acquisition and development of
35.1 acres into two residential
subdivisions in Hobe Sound, Florida


December 16, 2004

Santee Court
Phase II
$10,500,000
Three-Year Mezzanine Loan
Provided by:

Patriot provided a 10.5 million Mezzanine
Loan to finance the second phase of the
Santee Court development located in the
middle of the Fashion and Flower Districts
in Downtown Los Angeles. The mixed-use
residential and retail project is the largest
adaptive reuse development in Los Angeles


November 2005

CHSP Hotel Investors LLC
$4,500,000
Preferred Equity
Provided by:

Patriot contributed $4.5 million of capital
to a partnership that will acquire, develop
and reposition a portfolio of six Marriott
and Hilton branded select service hotels
with a total capitalization of $55 million


November 2005

South of Fifth
$9,500,000
A twenty-nine month mezzanine loan
Provided by:

Patriot provided $9.5 million Mezzanine
Loan to finance the development of 28
high-end residential units in Miami Beach.

The South of 5th project represented one of
the few remaining undeveloped beachfront
sites in the Art Decco section of Miami Beach


November 2005

Christopher West Realty, LLC
$24,800,000
Mortgage Loan
Provided by:

$28,400,000 for purposes of property
acquisition, tenant buyouts, and
rehabilitation of a commercial building
in the Meatpacking district of
New York City


March 7, 2006