Exhibit B -- Specifics of the Loan

California Residents Only

Loan Number: N1967
Minimum Participation: $15,000
Call for availability of smaller participations
Loan Amount: $210,130
Type: First Mortgage
Yield: 10.0%**

PROPERTY

Project: CORPORATE DRIVE CONDO

Property address: 6100 Corporate Drive, Unit 2C, Houston, TX
Description: The subject property consists of an office condominium unit containing 2,884SF that is part of an 81,146SF (50 unit) 6-story mid-rise office condominium.

EQUITY ANALYSIS

OPERATING STATEMENT

INCOME Rental Income	. $43,260
. . . . . . . . . . . . . . . . . Total Income:	$43,260
Less 5% Vacancy Allowance	$2,163
. . . . . . . . . Effective Gross Income:	$41,097

EXPENSES Management Real Estate Taxes Condominium Fee Administrative Total Expenses: NET OPERATING INCOME Note: Pro forma based on appraiser's estimates. From September 13, 2007 Appraisal

. $1,233 $5,227 $15,920 $577 $22,956 $18,141

TERMS

BORROWERS

** Loan discounted to yield 10.0% over 6 years.
# Based on 2008 Federal Tax Returns

CORPORATE DRIVE CONDO

George says, "This 10% deal has to be in the upper 5% of all of the trust deed investment offerings we have ever made in thirty years. The property is gorgeous. It's almost brand new. It's located in Houston, one of the healthiest of the large cities. The borrower has an 800+ credit score. Keeping in mind that all first trust deed investments involve substantial risk, I think that this is a VERY nice deal."

This is a discounted note deal. Blackburne & Sons is syndicating a group of private investors to buy an existing commercial first mortgage loan at a discount. The loan was originated 24 months ago by a failed bank. The nominal interest rate on the loan is 7.80% (net after servicing fees), and the loan is being offered to you at a discount (8.89%) to yield you 10.0%, assuming the loan pays off after 6 more years.

The subject property is an office condominium unit containing 2,884SF (net rentable) and 2,485 (net useable) that is part of a 6-story mid-rise office condominium project known as Flow Plan I. The building (which was previously a multi-tenant office building and was converted to condominiums in January 2007) contains a total of 50 condominium units with a total of 81,146SF of gross building area on a 3.63 acre parcel.

This property is located in Houston, Texas. Houston is located in the southeastern portion of Texas, about 50 miles from the Gulf of Mexico. It is 200 miles from San Antonio, and 250 miles south of Dallas. Houston is a leading regional commercial, cultural, and educational center, and it is ideally positioned for international business, particularly with Central and South America. International business supports more than one-third of the jobs in the greater Houston area. The Port of Houston is one of the world’s most active seaports ranking first in foreign waterborne commerce, second in total tonnage and tenth in total tonnage handled worldwide.

The subject site is located in the Asian business corridor at the southwest corner of Corporate Drive and Town Park Drive in southwest Houston, about twelve miles from the Houston Central Business District. The neighborhood is roughly bound by Westpark Drive to the north, Beechnut Street to the south, Fondren Road to the east and Dairy Ashford Road to the west.Our unit is on the building’s second floor and includes seven perimeter offices, a break room, a conference room, a workroom, a computer/server room, a storage room and a reception area. The unit does not have a restroom inside the suite but the common-area restrooms are located on each floor. Exterior walls are masonry and tinted glass, while the interior walls consist of painted and wallpapered sheetrock. It has both vinyl tile and carpeted floors. The ceiling is of a drop grid acoustical tile, with recessed fluorescent and incandescent lighting. The building is heated and cooled by rooftop units which serve the entire building. The unit also includes two HVAC units for the computer room/server area (installed new in 2007 when the subject was finished-out from shell condition). The second floor is accessible via two glass elevators inside the lobby/atrium area and two sets of stairs in the corner of the building.

The complex includes a two-level concrete parking structure/deck (with approximately 200 spaces), located at the northeast corner of the site and a surface concrete paved parking area (with approximately 100 spaces) which is located in the southern portion of the site. The parking lot is improved with concrete curbs and sidewalks. The site has minimal landscaping which is typical of the area.

The property is owned by a husband and wife they operate their business HD Protech (http://www.hdprotech.com). He is a product developer with a credit mid-score of 806 (February, 2010) and she is a designer for the company. The company develops software that controls and manages IP enabled devices for the security market. They offer safety-oriented software and hardware solutions that target a wide range of client needs from school districts, law enforcement and mass transit. We were able to retrieve some financial information from the current note holder. The borrower’s 2008 federal tax returns showed gross company sales of just over $1.2 million, with a $187,069 net income after $21,597 of depreciation and $87,221 in salaried income.

Purchased in May, 2008 for $280,000 ($97.09 per S/F) in shell condition, they reportedly spent $83,500 or $28.95 per S/F, to “finish” out the unit for office use. Therefore, the effective total purchase price was $363,500 - $126.04 per S/F. The property appraised in November, 2007 for $369,000 ($127S/F). We hired a local commercialreal estate agent to give us the market value. He valued the property between $375,000 and $395,000. We are using the average to arrive at our estimated market value of $385,000 ($133SF).

It is important to keep in mind that during the term of the loan, you will be receiving payments based on the 7.80% note rate (net of loan servicing fees); but you are receiving that 7.80% based on the face amount of the note, not just on your discounted purchase price. In other words, if you invest $25,000 you will be earning interest on around $27,222 because you will be buying the note for a 8.89 point discount. Therefore, you will be receiving back (assuming, of course, that the borrower makes the payments) around $7.65 per month for every $100 that you invested in this discounted note. The balance of your 10.05% yield comes when the loan is paid off or you are bought out.

Because you will be buying the loan at a 8.89 point discount, your look-back yield will skyrocket if the loan is paid off early. If the loan pays off in four years, your look-back yield will be 10.75% interest. If the loan happens to pay off in just two years, your look-back yield will be a whopping 13.06%. A look-back yield is just the annualized yield that you actually end up earning if you "look back" and take into consideration the big up-front discount and the early prepayment. (Note: The loan has a prepayment that we intend to waive in order to encourage the borrower to prepay.)

The original term of the loan is 30 years, and there are 28 years remaining. At the end of your six-year investment term in this loan, Blackburne & Sons promises to use its best efforts to take you out. If we are unsuccessful in finding an investor to buy you out of the deal, we promise to drop our loan servicing fee from 2% annually to 0%, until we find a replacement investor.

Most commercial loans pay off within seven years. Over the past twenty years we have arranged five hundred private money loans, and only a small handful have stayed on the books for longer than seven years. Remember, this loan was originated 24 months ago, so the chances of the loan lingering on our books after 6 years are pretty low. However, if the loan did linger on our books longer than six more years (8 years since origination), your yield for that extra year or two would be 9.80% - the note rate.

Remember, you are still buying the loan at a 8.89 point discount. Therefore, if the loan stayed on the books for, say, 8 more years from today (10 years from origination), your look-back yield, net after loan servicing fees, would still be over 9.64%. Gee, worse things could happen than for this borrower to keep making his payments on time year after year after year, huh? Important note: If we have a buyer for this loan at par to take you out after six years, you have to agree to be taken out.

This loan has a declining prepayment penalty for the first 10 years. Since we are buying the loan at a discount, it is in our best interest to be paid off early. Therefore, we will be notifying the borrower immediately after the note purchase that we might consider waiving the prepayment penalty.

At a 54.6% LTV, this looks like a very reasonable investment. Every first mortgage investment involves substantial risk, so please 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 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 & 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 & 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"). --------------------------------------------- 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 © 2010 Blackburne & Sons Realty Capital Corporation. All rights reserved. 800-606-3232