Exhibit B -- Specifics of the Loan

California Residents Only

Loan Number: N1792
Minimum participation: $17,600
Call for availability of smaller participations.
Loan Amount: $176,000
Type: First Mortgage
Yield: 11.0%*

PROPERTY

Project: KRAFT AVE. COMMERCIAL PROPERTY

Property address: 6869-6871 Kraft Ave.,
Caledonia, MI

Description: The site is improved with a 2,256SF one
story concrete block office building and a 3,200SF
post-frame constructed warehouse/shop.

EQUITY ANALYSIS

OPERATING STATEMENT

INCOME Rental Income Other Income	. $32,736 N/A
. . . . . . . . . . . . . . . . . . . . . . . . Total Income:	$32,736
Less 10% Vacancy Allowance	$3,274
. . . . . . . . . . . . . .Effective Gross Income:	$29,462

EXPENSES Gas and Electric Insurance Salaries & Wages Management Onsite 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.

. $1,364 $570 $1,934 $27,528

TERMS

BORROWERS

KRAFT AVE. COMMERCIAL PROPERTY

This first mortgage loan is secured by a 2,256SF one-story office building and a 3,200SF shop building on approximately 1.17 acres located along the Broadmoor Corridor in Caledonia Township, Kent County, Michigan.

Kent County is located in the southwestern part of Michigan’s Lowe Peninsula. Michigan is in the northeastern central portion of the United States and part of “The Midwest”. Bounded by Lake Saint Clair and four of the five Great Lakes, Michigan has the longest freshwater shoreline in the country. In the recent past Michigan’s economy has endured many challenges, however, it currently on the rebound. According to our appraiser, Michigan’s real estate market has been soft but slow and steady progress is being made.

Caledonia is located in the southwest portion of Kent County in southwest Michigan. It is 150 miles northeast of Chicago and 150 miles northwest of Detroit. Grand Rapids, the county seat, is just 16 miles away and Lansing, the state capitol, is approximately 60 miles southeast. Caledonia Township is a growing community. Once primarily agricultural in nature, Caledonia has changed dramatically over the past decade. The strongest growth in the area has been in the residential sector, although retail development along Broadmoor Avenue has also been strong. The township is dissected by Broadmoor Avenue which links Grand Rapids to the north and Hastings (and ultimately Battle Creek) to the south. Additionally, M-6 (Paul B Henry Freeway) was recently constructed and has an on/off ramp at Broadmoor Avenue. These two corridors offer good transportation routes and access which benefits the subject property’s location.

Improvements consist of a one-story office building containing approximately 2,256SF of gross building area and a shop building that is 3,200SF in size. The office structure is made up of concrete block construction and was built in 1967. It has a small basement area under the rear portion of the building and has been remodeled. It is currently vacant but in good condition. The shop structure is also one story and made of post-frame construction. It was built in 1988 and remodeled in 2005. The shop building is occupied by Bileth Auto Services Inc., which performs auto repair and maintenance services.

Our borrower purchased the property through a land contract for $250,000.00 in 2005. We will be paying the balance owed ($131,000) and providing the borrower with cash out to pay off credit cards and renovate the vacant office building. The borrower has a mid FICO score of 526, mainly due to a recent divorce. He reports a net worth of $552,000, mostly in commercial real estate and business equity. The borrower’s business, Bileth Auto Services Inc, which occupies the shop building, had gross sales of $179,879 in 2006 and $129,199 in 2005. Adding back depreciation, interest, rents, and compensation to our borrower, the company’s federal tax returns show a net income of $32,671 in 2006 and $18,439 in 2005. The borrower incorporated his business in 1998.

An independent appraiser that we have used for many years valued our property at $280,000. We corroborated the appraisal by getting a BPO’s from two local realtors. The realtors valued the property at an average of $267,500. We have found that realtor reports are often about 20% below the appraised value, and use their opinions to corroborate appraiser’s conclusions. The borrower will also receive additional income once he leases out the office building.

At a 62.9% loan-to-value, 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. A 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 © 2007 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.