Boiling Springs Savings Bank

Commercial Mortgage Loans

Rates effective as of 05/15/2012 All rates subject to change without notice

PRODUCT

RATE

MONTHLY PAYMENT PER THOUSAND

1-4 FAMILY INVESTMENT PROPERTY (75% LTV)

5/30 ARM

4.125%

$ 4.85

Index: Five Year Treausry Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10/5/30 ARM

4.375%

$ 5.00

Index:Five Year Treasury Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10 YR FIXED

4.250%

$10.25

15 YR FIXED

4.375%

$ 7.59

20 YR FIXED

4.750%

$ 6.47

MULTI FAMILY PROPERTY (5+)* (75% LTV)

5/30 ARM

4.000%

$ 4.78

Index: Five Year Treasury Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10/5/30 ARM

4.375%

$ 5.00

Index: Five Year Treasury Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10 YR FIXED

4.000%

$10.13

15 YR FIXED

4.250%

$ 7.53

20 YR FIXED

4.625%

$ 6.40

5(30) BALLOON

3.875%

$ 4.71

10(30) BALLOON

4.250%

$ 4.92

MULTI FAMILY PROPERTY (10+)* (80% LTV)(limited to 75% LTV for cashout)

5/30 ARM

4.125%

$ 4.85

Index: Five Year Treasury Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10/5/30 ARM

4.625%

$ 5.15

Index: Five Year Treasury Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10 YR FIXED

3.875%

$10.07

15 YR FIXED

4.500%

$ 7.65

20 YR FIXED

4.875%

$ 6.54

5(30) BALLOON

4.125%

$ 4.85

10(30) BALLOON

4.500%

$ 5.07

MIXED USE PROPERTIES* 75% LTV (70% LTV if less than 80% of income from residential units)

5/25 ARM

4.875%

$ 5.78

Index: Five Year Treasury Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10/5/25 ARM

5.125%

$ 5.92

Index: Five Year Treasury Securities +2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10 YR FIXED

4.750%

$10.49

15 YR FIXED

4.875%

$ 7.85

20 YR FIXED

5.250%

$ 6.74

5(25) BALLOON

4.750%

$ 5.71

10(25) BALLOON

5.000%

$ 5.85

COMMERCIAL PROPERTY* 70% LTV (60% LTV if industrial or single tenant)

5/25 ARM

5.000%

$ 5.85

Index: Five Year Treasury Securities + 2.50%** Cap: 2.00% Per Adjustment -- No Life Cap

10/5/25 ARM

5.250%

$ 6.00

Index: Five Year Treasury Securities +2.50%** Cap: 2.00 Per Adjustment -- No Life Cap

10 YR FIXED

4.875%

$10.55

15 YR FIXED

5.000%

$ 7.91

20 YR FIXED

5.375%

$ 6.81

5(25) BALLOON

4.875%

$ 5.78

10(25) BALLOON

5.125%

$ 5.92

ALL PRODUCTS OFFERED WITH NO POINTS AND APPLICATION FEES WILL VARY BASED UPON PROPERTY TYPE

RATE AND TERMS ARE SUBJECT TO CHANGE

* A prepayment charge will be assessed in the amount of 3% for the first two years and 2% for years three and four and 1 % for the fifth year. This prepayment charge provision shall expire after the 5th anniversary date of closing.
** Index: Weekly Average Yield in U.S. Treasury Securities, adjusted to a constant maturity of one, three or five years, as made available by the Federal Reserve Board.

The rate is locked in for a period of 90 days from the date we are in receipt of a complete written application.