Exhibit B -- Specifics of the Loan

California Residents Only

Loan Number: 1888
Minimum participation: $25,000
Loan Amount: $650,000
Type: First Mortgage
Yield: 10.0%*

PROPERTY

Project: MONTE VISTA LODGE II

Property address: 57502 Academy Drive, Paradice, CA
Description: The subject property is a 5,068SF adult residential care facility for the developmentally disabled on a 1.11 acre parcel. It's licensed for 15 beds.

EQUITY ANALYSIS

OPERATING STATEMENT

INCOME Rental Income (triple net lease)	. $386,280
. . . . . . . . . . . . . . . . . Total Income:	$386,280
Less 20% Vacancy Allowance	$25,765
. . . . . . . . . Effective Gross Income:	$360,515

EXPENSES Gas & Electric Insurance Water Office Expence Onsite Management Repairs & Maintenance Groceries Taxes & Licenses Janitorial Advertising Miscellaneous Legal & Audit Employee Services Total Expenses:     NET OPERATING INCOME Note: Pro forma based on appraiser's estimates.

. $5,642 $15,971 $937 $8,328 $24,000 $6,525 $32,158 $16,476 $2,198 $3,641 $33,493 $4,164 $62,117 $215,614 $144,901

TERMS

BORROWERS

MONTE VISTA LODGE II

We are pleased to present this refinance for one of our existing borrowers. This first mortgage loan is secured by a 15-bed, 5,068 SF two-story adult residential care facility on a 1.11 acre lot in Paradise, California. With this refinance they will payoff a business loan, having been approached by the former sellers with an attractive discount offer. The borrowers had paid that loan from $190,000 to $80,000 in two years, demonstrating their commitment to this successful facility.

Nestled at about the 2,000 ft. elevation in the Sierra Nevada foothills, the picturesque town of Paradise is 8 miles from Chico and 100 miles northeast of Sacramento. With a 26,819 population, it is spread out on a wide ridge above the deep canyons formed by the Feather River and Butte Creek. “The Ridge” as it is known, extends north through Paradise into the Sierras. While much of the area’s economy is driven by Chico State University, Paradise boasts a mature and stable population base. Home to many retirees, its average age is nearly 47 years, 13 years above the state average.

This 1.1 acre fully-landscaped lot sits at the corner of Academy Drive and Nunnely Road, with driveway access to both, in a residential neighborhood less than one mile from the historic downtown. Major area employers include Feather River Hospital, Paradise School District, Paradise Post (newspaper), Town of Paradise, Big K-Mart, Safeway and Rite-Aid.

The property is improved with a 5,068 S/F freestanding, two-story residential care facility, built in circa 1980. The building is of wood frame and stucco construction, with a painted wood exterior and composition and clay shingle roofs. Inside are a dining room, a commercial- grade kitchen, living room, family room, office, laundry room, ten bedrooms and five bathrooms. It has seven semi-private rooms (two guests) and one private room with two bedrooms provided for the staff. The facility is licensed as a Residential Care Facility for the Developmentally Disabled and receives payments of $2,146 per month/per patient, from the state Department of Development Services.

It was purchased in October, 2006 for $1,020,000: $770,000 for the building and $250,000 for the business. Blackburne & Sons financed the real estate purchase with a $577,500 loan; it has generally paid well (it was 30 days past due once in two years) and it has a $572,521 balance. With this refinance they will payoff the seller financed business note (at a modest discount) that was provided when they bought the property.

The borrowers are a Southern California husband & wife that operate a similar facility in Hawthorne, CA. The wife oversees that business and the husband is an RN at a local hospital. They boast a $1.52 million net worth, consisting mostly of real estate equity in the subject property, their home and three other residential rentals. They reflect an adjusted gross income of $214,010 in 2006 and $167,763 in 2007, with credit mid-scores of 704 and 723.

The business grossed $296,170 in 2007 netting $113,791 after a modest $24,000 administrative fee, but before deductions for mortgage interest (to B&B) and rent paid to the owners. These figures generally align with the appraiser’s prospective 2008 operating statement which forecasted an effective gross income of $360,515, netting $144,901. Most of the change can be seen in the state’s reimbursements, which jumped from $1,904 last year to $2,146 today. It’s comforting when the appraiser’s estimates resemble historical operating performance.

The property appraised for $1,105,000 as a going concern in September, 2008. This price valued the real estate at $780,000, personal property/equipment at $75,000 and the business at $250,000. This works out to $73,667 per bed, not out-of line with recent California assisted living properties that we have seen: the appraiser listed six comparable sales, from $34,000 to $80,000 per bed . In 2006 we had contacted a local realtor who had sold four Paradise assisted living facilities in twenty years and quoted that he’d seen them sell in the range of $50,000 to $116,000 per bed.

At a 58.8% LTV and a 10% yield, this looks like 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 & Sons, a 27-Year-Old Company BLACKBURNE & SONS REALTY CAPITAL CORPORATION 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 & Sons 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 & Sons Realty Capital Corporation--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 & Sons Home Page Copyright © 2008 Blackburne & Sons Realty Capital Corporation. All rights reserved. 800-606-3232