Exhibit B -- Specifics of the Loan

California Residents Only

Loan Number: N1971
Minimum participation: $25,000
Call for availability of smaller participation
Loan Amount: $350,000
Type: First Mortgage
Yield: 11.0%*

PROPERTY

Project: NUMATIC FINISHING BUILDING

Property address: 3206 C Street NE, Auburn WA
Description: The subject property consists of a 9,380SF concrete tilt-up Class C building on a 26,261SF parcel.

EQUITY ANALYSIS

OPERATING STATEMENT

INCOME Rental Income Other Income	. $54,029 $15,907
. . . . . . . . . . . . . . . . . Total Income:	$69,936
Less 5 % Vacancy Allowance	$3,497
. . . . . . . . . Effective Gross Income:	$66,439

EXPENSES Gas and electric Insurance Management Repairs & Maintenance Taxes (Real Estate) Miscellaneous Total Expenses: NET OPERATING INCOME Note: Pro forma based on appraiser's estimates.

. $1,876 $1,407 $1,876 $3,752 $6,925 $563 $16,399 $50,040

TERMS

BORROWERS

NUMATIC FINISHING BUILDING

George says, "What if we could get a 9.0% quality deal, and we were able to offer it 11.0%?  This looks like a fine deal.  It's a relatively small loan too.  I have always liked small deals because small deals have small payments.  In addition, an 11.0% yield when the inflation rate is hovering near 1.0% is a far better deal than an 11.0% deal when inflation was 4.0%."

This first trust deed investment is secured by a 9,380SF concrete tilt-up industrial manufacturing building in Auburn, WA.

Auburn is considered part of the greater Seattle Metropolitan Area, which encompasses all of the urbanized areas within King County and is located in the middle of a 5- county area often referred to as the Central Puget Sound Region.  Puget Sound’s major employment centers include SeaTac International Airport, Boeing Company, Emerald Downs horse racing track, Supermall of the Great Northwest, and Muckleshoot Indian Reservation Casino and Bingo Hall.  The general proximity to many of the region’s largest employers is a significant positive factor for the city of Auburn.

Auburn is located about 15 miles northeast of the Tacoma central business district (CBD) and about 25 miles southeast of the Seattle CBD. Auburn is part of the Greater Seattle Metropolitan Area and it has the 9th largest population within King County and the 17th largest in the state. It is located toward the southern end of the Kent or Green River Valley, which is a large, primarily industrial district with some residential and commercial areas.  Auburn has witnessed substantial changes over the last several years and more changes are planned. Although the population of Auburn has grown modestly in the past few years, the future population growth projections show substantial growth. The 2005 population of the Auburn market area was reported at 162,740, up 7% from 2000. The City of Auburn forecasts population in this market to reach 172,395 by 2010, which represents growth of 6%.

The subject property is a functional 9,380SF concrete tilt-up industrial manufacturing building. Improvements consist of 100% manufacturing space with no office build-out, 18 foot ceilings and three grade level loading doors. According to the appraiser, the roof has been well-maintained by the property owner who has also invested in electrical upgrades to 440 V, new lighting, sprinklers, infrared heat and ventilation that clears the air eight times per hour.  The subject site is paved with 15 parking stalls are faintly striped along the east side of the building; one space designated as handicapped.  Major access in the vicinity of the subject is provided by north and southbound Highway 167. Highway-18 is located south of the subject and provides access to Federal Way in the west and Covington in the east. These two highways are 4-lane limited-access freeways which have major interchanges in Auburn and provide excellent access from outlying areas.  In addition to this major highway and freeway system, there are several main arterials in Auburn leading into residential areas.

The borrowers are a husband and wife and have owned the property since 1991.  His closely held wood finishing company rents the building for $90,000 a year while paying him a salary of $190,000 in 2008 and $172,000 in 2007.  The wife owns a small beauty salon that generated a net income of $14,152 in 2008 and $14,650 in 2007.  Their credit mid-scores are 763 and 766.

The property recently appraised for $850,000.  We also hired two local commercial real estate agents to give us the market value.  The first BPO was fairly complete with an abbreviated income sales and cost approach along with several pictures.  They valued the property at $975,000.  The second BPO was a three paragraph income approach value only report with a value of $594,000.  We concluded that one may be a little aggressive and the other a little more conservative. Regardless, we have a nice property to an A credit borrower with good income. These appear to be bankable type borrowers who need cash to pay debts and expand their business but unfortunately banks are not doing cash out refinance loans.  The bank's loss is our gain.

At a 41.2% LTV, this looks like a 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