Exhibit B -- Specifics of the Loan

California Residents Only

Loan Number: N1852
Minimum participation: $25,000
Loan Amount: $934,500
Type: First Mortgage
Yield: 10.0%*

PROPERTY

Project: 47TH TERRACE STRIP CENTER I

Property address: 1343-1403 SE 47th Terrace, Cape Coral, FL

Description: The subject property consists of a 9,303 square foot, one-story multi tenant commercial building.

EQUITY ANALYSIS

OPERATING STATEMENT

INCOME Rental Income Other Income	$139,193
. . . . . . . . . . . . . . . . . Total Income:	$139,193
Less 5% Vacancy Allowance	$6,960
. . . . . . . . . Effective Gross Income:	$132,233

EXPENSES Gas and Electric Insurance Salaries & Wages Management Offsite Repairs & maint. Taxes (Real Estate) Reserves for replacement Miscellaneous Legal & Audit Advertising Interest Total Expenses:     NET OPERATING INCOME Note: Pro forma based on appraiser's estimates.

. $1,200 $7,600 $6,612 $2,000 $15,303 $1,322 $300 $34,337 $97,896

TERMS

BORROWERS

47th TERRACE STRIP CENTER I

We are very pleased to offer another near bank-quality loan. It is a purchase (with over $600,000 cash down) of a multi-tenant retail property in a growing community to “A” borrowers with great credit and income. This first mortgage loan is secured by a 9,303 square foot one-story, five-unit retail building on a 17,375 square foot parcel in Cape Coral, Lee County, FL.

Lee County is located along the southwest Florida coast, on the gulf of Mexico, about 125 miles south of Tampa and 145 miles northwest of Miami. It covers an area of roughly 1,013 square miles and is recognized as one of the fastest growing counties in the U.S., primarily from the migration of mature folks from northern states. The county has increased its population by over 31% between 1990 and 2000 and the over 16% between 2000 and 2004. The economic base of Lee County is primarily effected by the construction and tourist industries.

Cape Coral, a coastal bedroom community to Fort Myers, mirrors that exploding growth. It grew by 48% in six years, from 102,286 in 2000 to 151,389 in 2006. According to Forbes magazine, Cape Coral was ranked number 68 overall for business and careers but it ranked number one for net migration in 2006 and 2007. More and more people are moving from the cold northern states to the warmer Sunbelt states including Florida. Fifty years ago, the area primarily consisted of cattle ranches, among pine trees, palmetto bushes and saltwater marshes. Its development began in the late 1950's with a bridge across the Caloosahatchee River to Fort Myers, with macadam roadways and an intricate canal system, catering to the boating lifestyle. It boasts more miles of canals than Venice (Italy, not California). And while not Palm Beach, it is relatively affluent; its 2005 home/condo value was 26% higher than the state average.

This property is perpendicular to Del Prado Boulevard, which parallels the river and is still the major north-south arterial in town, beginning near the foot of the bridge. Nearly every parcel between Del Prado and the river is accessible by boat via the canal system.

Constructed in 1974, the building consists of a 9,303 square feet one-story building divided into five individual units. Building interior finishes include commercial-grade carpet, tile flooring, suspended acoustical tile ceilings and painted as well as paneled sheetrock interior walls. Its flooring is steel-reinforced concrete slab supported by concrete footers. There is adequate restroom facilities and each unit is serviced with central heating and cooling. The exterior walls are 8" concrete masonry with a painted concrete stucco finish. The roofing is a combination of a composition system with shake mansard. Exterior improvements consist of asphalt paving, concrete flatwork, and typical landscaping.

As you know, we prefer purchases because the value is established in the open market. The contract price is $1,700,000, but the seller is giving the buyer a $51,000 credit towards closing costs; the net purchase price is $1,649,000. The borrower is also taking a $96,000 credit because he is acting as the seller's listing agent. Regardless, the buyer is still making an actual cash down-payment of $612,500. In our experience, buyers rarely walk away from that kind of real, cash equity. A new independent appraisal valued the property at less than the purchase price, or $1,335,000, based on other sales at $202 per S/F, and the seller’s rent roll and a market rent analysis. According to the appraiser, the property has no vacancies

Our borrowers see great upside in the property and is willing to pay a substantial premium to acquire it. They plan to apply for available city funds to further upgrade the property, improve the tenant mix and raise rents.

We love the borrowers’ financial strength and credit history. A husband & wife, they show assets of $9.02 million with a $7.68 million net worth (mostly in stocks and real estate equity) and have an adjusted gross income of $392,497 and $143,396 on their 2006 and 2005 income tax returns. Their credit is excellent with mid-scores of 719 and 742. She is a housewife and he has been in the mortgage business for 14 years.

This high quality deal warrants the yield. Remember what George Blackburne often preaches: sacrifice yield for quality, and he’d personally invest in a lower-yielding loan to relatively strong borrowers on a strong property, rather than chase a higher yield.

At a 70.0% loan-to-value (55.0% loan-to-purchase price) this appears to be a reasonable investment. Every first mortgage investment involves substantial risk, so be sure to read the Risk Factors section of the Offering Circular before investing. As substantial and prolonged decline in real estate values is possible.

For California Residents Only INVEST IN CORN FARM LAND Take Advantage of Rising Corn Prices Due to Increasing Ethanol Demand Over 75 New Ethanol Plants Are Currently Under Construction1 Wealthier Chinese and Indian Middle Class Consumers Are Eating More Meat – Two-Thirds of Corn Production is Used to Feed Livestock2 Farm Land Produces Income Even During Recessions Invest With as Little as $5,000 Very Suitable for IRA’s Farm Land Purchased With All Cash – No Leverage Used Each Farm Inspected By Certified Agronomist3 Farms Leased to Experienced Growers Short Term Investment – Just 3.5 to 4 Years Farms Will Be Sold When Most of the New Ethanol Plants Are Completed Investments Managed By Blackburne & Brown, a 27-Year-Old Company BLACKBURNE & BROWN MORTGAGE COMPANY, INCORPORATED IS CURRENTLY SERVICING OVER $50 MILLION IN FIRST MORTGAGE AND CORN FARM LAND INVESTMENTS FOR OVER 900 PRIVATE INVESTORS For An Offering Circular Please Call Warren More at 916-338-3232 or CLICK HERE Only Accredited Investors are suitable to invest in Blackburne & Brown Equity Preservation Fund, LLC, which will invest in corn farm land investments.  In order to qualify as an Accredited Investor, an individual Investor must satisfy the requirements of either paragraph (1) or (2) below and, in addition, must satisfy the requirements of  paragraph (3) below: (1)        The Investor’s net worth, or joint net worth with such investor’s spouse, at the time of purchase must exceed $1,000,000 (the value of the Investor’s home, furnishings and automobiles may be included for purposes of calculating such investor’s net worth under this paragraph); or (2)        The Investor’s income exceeded $200,000 in each of the two most recent years, or joint income with his or her spouse exceeded $300,000 in each of those years, and the investor has a reasonable expectation of reaching the same income level in the current year; and (3)        Each Investor must have either:  (a) a net worth of at least $250,000 and an annual gross income of at least $65,000; or (b) a net worth of at least $500,000. (the value of the Investor’s home, furnishings and automobiles may not be included for the purposes of calculating such Investor’s net worth under this paragraph).Other standards may apply to investors that are not individuals, such as trusts, partnerships or other entities.  Specific questions concerning Accredited Investor status should be directed to the Manager.All Units may be acquired for investment purposes only, and not with a view to, or for resale in connection with, any distribution thereof (see, “Restrictions on Transfer”). --------------------------------------------- 1Biofuels Journal, November 6, 2006 2Mark McLornan, Argo Terra, global farming company, DailyReckoning.com, March 19, 2007 3Marc Eads, Certified Farm Analyst (CFA) This notice does not constitute an offer to sell corn farm land investments. An offer is made only through an Offering Circular.  Investing in corn farm land involves substantial risk.  Please be sure to read the Risk Factors section of the Offering Circular before investing. For An Offering Circular Please Call Warren More at 916-338-3232 or CLICK HERE   Blackburne & Brown Mortgage Company, Inc.--For more information, contact George Blackburne 4811 Chippendale Drive, Suite 101, Sacramento, CA 95841 telephone: (916) 338-3232 * Fax: (916) 338-2328 Real Estate Broker -- California Department of Real Estate -- License Number 829677 Publicly advertised to California residents only under California Department of Corporations business plan permit. Return to C-Loans Home Page | Return to Blackburne.com Home Page Copyright © 2008 Blackburne & Brown Mortgage Company, Inc. All rights reserved. 800-606-3232 If you wish to not receive our e-mail investment bulletins in the future, please send an e-mail with "bulletin unsubscribe" in the subject line.