(For Whole Loan--single investors--
May be a resident of any state)
Last Upate: November 3, 2003

Welcome to Blackburne & Brown's Whole Loan Portfolio.  This is a complete list of
Trust Deeds available to a single investor.  To view the complete Investment Bulletin,
just click on the loan number and project name.  Also, this page is intended to
be printed for easy of viewing.

If any of these Trust Deeds interest you please contact Michael Thurman at
1-800-606-3232 or by email at thurman@blackburne.com

Suitability
Requirements

Fractionalized Offering Circular

Loan Servicing Agreement

Getting Over the Fear of Investing in Trust Deeds

Blackburne & Brown Home

C-Loans Home

SHORELINE PLAZA -- SOLD

10% First Security Deed 65.0% LTV   Note Amount: $529,750
The subject property is a 9,700 sf office building and 3,480 sf parking lot.


   
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757 / Achun Gift Shop-- SOLD

11% First Trust Deed 52.8% LTV   Note Amount:
$   97,668.96

The subject property consists of five units, a gift shop, automotive repair, seamstress, and a tax service.

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883 / Gatoramp Building -- SOLD
12% First Trust Deed 48.8% LTV   Note Amount: $207,015.71
The subject property improvements consist of a one-story 8-unit reinforced concrete masonry industrial bldg.

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864 / Feather River Auto -- SOLD

12% First Trust Deed 64.6% LTV   Note Amount: $  87,159.87
The subject property consists of three buildings, an
839 sq.ft. single familyresidence, a 900 sq.ft. shop, and
a 120 sq.ft. auto sales office.

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965 / Almond Avenue Office Bldg. -- SOLD

12% First Trust Deed 65.0% LTV   Note Amount:
$  79,704.68

The subject property consists of a one-story, wood frame
converted singlefamily residence.  The building is 2,274 gross sq.ft.

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969 / Twenty-Nine Palms -- SOLD

11% First Trust Deed 65.0% LTV   Note Amount: $116,712.79
The subject property consists of a one-story, wood frame and stucco
exterior multi-tenant retail building, containing approximately 3,580 net rentable sq.ft.

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993 / Park Heights Dental -- SOLD
12% First Trust Deed 65.0% LTV   Note Amount: $156,000.00
The subject property consists of a one-story, wood frame and brick exterior. The building is currently used as a dental office.

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1003 / 13th Street Apartments -- SOLD

12% First Trust Deed 65.0% LTV   Note Amount: $198,191.02
The subject property is a 3-story building with a basement.  The apartmentbuilding consists of 10 one bedrooms, 2 efficiency units, and 2 studio units.

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1022 / Pittsburgh Mine Company -- SOLD

12% First Trust Deed 55.0% LTV   Note Amount: $247,360.08
The subject property is a two-story restrauant building located in beautifuldowntown Idaho Springs.  It's high arching windows and intricately carved trim make this property a gorgeous investment.

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1023 / Walnut Creek BP Station -- SOLD

12% First Trust Deed 35.4% LTV   Note Amount: $162,753.75
The subject property is a BP gas station in Walnut Creek with 15,324 sq.ft.  The owner continues to make improvements to this property.

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1033 / Shopkeeper at the Beach -- SOLD

12% First Trust Deed 65.0% LTV   Note Amount: $250,206.22
This property is a 3-story mixed use condominium.  The street level has office/work space and the upstairs is the living quarters.  This is a brand new complex one block from the beach.

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1035 / Shopkeeper at the Beach -- SOLD

12% First Trust Deed 65.0% LTV   Note Amount: $246,349.98
This property is a 3-story mixed use condominium.  The street level has office/work space and the upstairs is the living quarters.  This is a brand new complex one block from the beach.

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1207 / Red Roof Inn -- SOLD

13% First Trust Deed 55.1% LTV   Note Amount: $247,500
This is a 31 room motel on a 5.4 acre parcel. This property is located about 90 miles east of San Antonio, Texas.

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1208 /People's Inn -- SOLD

13% First Trust Deed 54.8% LTV   Note Amount: $153,500

This is a 20 unit motel on an .805 acre parcel. This property is right off of Interstate 10 about 80 miles west of Houston, TX.

If you would like to talk to our investment department, please contact John Caldwell or Mike Thurman
at 916-338-3232 or 800-606-3232 between the hours of 8:30 a.m. and 5:00 p.m. PST Monday--Friday.

Please read our Audited Financial Statements of Blackburne & Brown, Inc.

Real Estate Broker
California Department of
Real Estate -- License Number 829677

Copyright © 2003 Blackburne & Brown Mortgage Company, Inc. All rights reserved.