Builder Presentation

JEFFREY BROWN & ADAM ROSENBLATTYOUR WINNING TEAM AT NEW PENN FINANCIAL AND SOME OF THE NATION’S TOP MORTGAGE PROFESSIONALS

Our gOal is tO exceed yOur expectatiOns and prOvide yOu with the absOlute

best care and service. we are available arOund the clOck and wOrk

tirelessly tO ensure each Of yOur buyers clOses ahead Of schedule.

OUR CLIENTS HAVE DESCRIBED US AS:

reliable

hOnest

siMply the best

uniQuely valuable

passiOnately dedicated

sincere

a rare find

READ ON...

Jeffrey brOwnM| (786) 208-1887O| (786) 664-7334e| [email protected]

adaM rOsenblattp| (954) 593-9244

e| [email protected]

NMLS # 317188 NMLS # 339515

All loans are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. New Penn Financial NMLS# 3013. Equal Housing

Lender. ©2016 New Penn Financial, LLC. All rights reserved.

WHO IS NEW PENN FINANCIAL?A TOP 20 MORTGAGE LENDER IN THE US

ONE OF THE LARGEST FNMA LENDERS IN THE COUNTRY

A DIRECT FHA LENDER

INNOVATORS OF OUR OWN NON-AGENCY PRODUCTS

AND SO MUCH MORE...

We can issue private-label, residential mortgage backed securities with our SEC approved registration filing.

18 Billion Dollar Servicing Portfolio

Direct Fannie Mae, Freddie Mac, & Ginnie Mae seller / servicer

New Penn Financial originates conventional, government & proprietary portfolio loan programsNon-QM:Home Buyer Power: Pristine creditworthy borrowers who do not fit the existing underwriting criteria for government-backed & agency mortgages.Home Key: for borrowers who have experienced a credit event, but are otherwise creditworthy.

Shellpoint Partners provides capital markets capabilities to privately place mortgage-backed securities.

“A” rating with the Better Business Bureau

Over 1,500 employees

New Penn, via Shellpoint, retains over 80% of the mortgage servicing rights on loans we originate.

In September of 2014, New Penn acquired Shelter Mortgage to expand our retail offering.

Appraisal Mgmt. Lending

SUPPORTING ENTITIES

PARENT COMPANYBuilding A Solid Foundation for Innovation

Title Brokerage Title Brokerage

Mortgage Servicing

A POWERFUL NATIONWIDE PRESENCEnew penn is licensed in 47 states and the district of columbia, providing coverage across 98% of the united states.

States licensed

States not licensed

Inc. Magazine ranked New Penn as one of the

fastest-growing private companies in the U.S.

Scotsman Guide ranked New Penn among one of the top

20 U.S. mortgage lenders.

Mortgage Executive Magazine ranked New Penn one of

the top 20 mortgage companies in America.

Prominent national media including The Wall Street

Journal, The Washington Post, and Fox Business

have recognized New Penn as an innovator.

AWARDS & RECOGNITION

Our Home Builder Rate Lock Advantage means total peace of mind, no matter which way rates go. It’s just one more way that New Penn helps

make home ownership easier.

For example, utilizing our Forward Commitment Program you could secure $5 million worth of

financing at current or below market rates, for up to six months - giving your buyers peace of mind,

or an incentive to buy now.

*Certain terms and conditions may apply.

HOME BUILDER RATE LOCK ADVANTAGE

FORWARD COMMITMENT

We understand that building a home may take longer than the usual 60-day mortgage interest rate lock period. Fortunately, with Home Builder Rate Lock Advantage, your buyers can lock in their rate for up to 365 days. Now they won’t have to sweat rate increases during construction. If rates drop, they can just reset to the lower rate*. They can’t lose.

Qualified borrowers get:Extended rate lock choices on FHA & •  ConventionalFixed-rate and adjustable-rate mortgages• The option to reset to a lower market rate before • closing or shift to a better fitting mortgage at closingAn affordable lock-in fee that may be refunded •  in closing costs

Secure set rates for your buyers with our ForwardCommitment Program. Mortgage rates could rise at any time. Mitigate risk and protect your investment by making sure that your homebuyers have access to financing they can afford once their home is complete.

HOMEBUILDER SPECIFIC PRODUCT

WHO ARE ADAM & JEFFREY?

JEFFREY BROWNWith more than 25 years in mortgage banking, Jeffrey began his career in commercial real estate as both a lender and a broker and transitioned in to one of the nation’s top performing residential mortgage loan originators.

Jeffrey later went on to create and manage the Florida Condominium division for JP Morgan Chase, growing it to be the largest in the country at the time. He has tremendous industry contacts and a wealth of well-rounded experience.

A WINNING TEAMAs a team, Adam and Jeffrey are regarded as among the nation’s most trusted experts in residential condominium finance and FNMA/FHA project approvals, and their input has been sought by many institutions including Fannie Mae, Starwood, Related, Douglas Elliman, The Vector Group, Forbes, the Daily Business Review, and others.

ADAM ROSENBLATTAdam began his career helping grow the Joint venture and Strategic partnership division at Countrywide to become the largest division of its kind before going on to co-found the bank’s National Builder division at JP Morgan Chase and later, their REO division as well.

A sharp and creative thinker, Adam has a proven track record of finding new and innovative solutions to long-standing problems in the mortgage industry, helping our business partners succeed where others have failed time and time again.

Adam and Jeffrey co-founded and currently manage the Builder and Developer divisions of

New Penn Financial.

LEADING ExPERTS IN CONDOMINIUM FINANCE & APPROVALS

Recognized Experts in the often misunderstood Fannie Mae PERS and FHA Condominium Approval process. Adam and Jeffrey have such a strong knowledge of this very complicated yet critical process, that even Senior Project Underwriters at Fannie Mae personally recommend them.

Unrivaled Knowledge Yields Unsurpassed Results. Adam and Jeffrey currently maintain an ongoing 100% success rate on all Fannie Mae and FHA condo project submissions, having never had a project declined. They have even been able to utilize their extensive experience in analyzing and packaging project submissions to personally save several large condo projects which had been previously rejected by Fannie Mae and turn them into approved properties.

WHAT WE’VE ACCOMPLISHED

Responsible for the first ever FHA and FNMA PERS approved new construction, hi-rise condominium in Miami. This was following the historic market crash when no one believed it could be done.

Personally delivered the most FNMA PERS and FHA Condo project approvals in the South Florida market, repeatedly succeeding where others had failed and constantly setting new standards for the types of buildings they can get approved.

Successfully closed the fastest loan in the market under the new Federal TRID regulations in less than 3 weeks during the notoriously difficult Holiday season.

100% Approval record for pre-qualified loans using our customized pre-approval process. This is a statistic unparalleled in our industry. By replacing the traditional pre-qualification with a true loan approval, we have been able to dramatically reduce closing times and ensure an industry leading 100% pull-through rate. This custom and unique approach has helped our partners gain additional flexibility, speed and certainty while eliminating the costs of re-marketing units, delays and the potential for litigation due to buyers’ failures to obtain financing.

Consistently thoughtful and accurate appraisals by utilizing a small panel of expert professionals dedicated to deeply understanding each project and its respective sub-market.

Most recommended loan officers on LinkedIn with several hundred unbiased and personal recommendations from real LinkedIn users.

Recognized by The Related Group as the only lender on their preferred lender list to successfully close 100% of their loans, including closing other lenders’ loans after they had failed by the borrowers’ previous lenders.

Our unique services and dedication have helped our business partners sell out buildings in even the most challenging environments, including taking one project from 58% to 100% sold in the middle of the real estate crisis and with some of the highest prices-per-foot in the market at the time.

Implemented numerous innovative strategies for struggling condo developers from 2008-2011 to bring liquidity to buildings where no loans were previously available and were largely responsible for working out thousands of distressed units in the South Florida market.

Chosen by Starwood Capital and the FDIC to exclusively handle its portfolio of 3800 distressed condo units throughout the State of Florida, beating out Chase, Wells Fargo, Citibank, Bank of America and MetLife.

Consistently one of the top producing mortgage teams in the country for New Penn Financial year-over-year.

Industry leading customer service experience documented by a vast amount of written testimonials from builders, developers, realtors and borrowers.

PROJECTS & PARTNERS

CURRENT AND PREVIOUS PROJECTS WE HAVE WORKED ON AS PREFERRED LENDER OR WHERE WE HAVE PROVIDED THE CRITICAL FNMA AND/OR FHA PROJECT APPROVALS

Canvas, NR InvestmentsMillecento, The Related GroupIcon Bay, The Related GroupOasis, The Related GroupThe Crimson, McKafka Development GroupMetropica, Metropica Holdings1800 Club, BCOM, IncTerra 6000 Collins, BH31805 Ponce, BH3Trump Hollywood, BH3Fontainebleau Condotel, BH3City Palms, The Carlyle GroupEden House, Key International400 Sunny Isles, Key InternationalThe Ivy, Key InternationalMint, Key International/Starwood CapitalTao, Starwood CapitalParamount Bay, Starwood Capital/iStar FinancialInfinity, Starwood CapitalArtecity, Starwood CapitalArtech, Starwood CapitalJade Ocean, iStar FinancialJade Beach, iStar FinancialBiscayne Landing, iStar Financial

Everglades on the Bay, ISGHollywood Station, Douglas EllimanIos on the Bay, Disney/Shamrock HoldingsSouth Two Seven Lofts, Disney/Shamrock HoldingsMeridian 5, Disney/Shamrock HoldingsThe Jefferson, Disney/Shamrock HoldingsLatitude Delray, The Spear GroupThe Lexi, The Greenwald Group2 Midtown, SVR Investments4 Midtown, SVR InvestmentsMarina Grande Riviera Beach, Boca DevelopersMarina Grande on the Halifax, Boca DevelopersPeninsula II, Boca Developers945 Jefferson, Fort Capital ManagementBay Lights, Fort Capital ManagementOpera Tower, Florida East Coast Realty/Douglas EllimanPonce de Leon, Cervera Real Estate/Yair WolfeBellaVista, Forse HoldingsHickory Townhomes, Inner Urban Holdings, LLC.Cielo on the Bay, Thibault, Messier, Savard and AssociatesOcean Marine Yacht Club, OMYC AssociatesMEI, PMG Group

WHAT OUR PARTNERS HAVE SAID ABOUT US

“Whether it was a FNMA, FHA, Jumbo or Foreign National loan, the New Penn team perfectly executed on every loan file they had originated. Our entire portfolio of 3800 units was sold out well ahead of schedule and part of the reason was because we had a completely reliable lending partner in Jeffrey and Adam.”

“Whether it was ridiculously low appraisals or false promises of approved loans which later turned to denials, every loan that went to a lender other than Jeffrey and Adam proved very costly to us as our carrying costs increased and our buyers became disheartened. Yet, every loan that was handled by Jeffrey and Adam closed ahead of schedule and was perfectly executed.”

“Jeffrey and Adam secured both, the critical FNMA and FHA approvals for all of our buildings and they did it in a few short weeks. That performance was only bettered by their handling of each loan.”

“We cannot stress enough how uniquely valuable they are to any sales platform and gladly offer the highest recommendation possible to anyone who is considering their services.”

“Jeffrey and Adam CLOSED EVERY SINGLE LOAN APPLICATION they took at our project without a single issue, missed closing, or denial. Every loan closed on time or ahead of schedule, and every loan closed as promised - even in some situations where the borrower’s situations appeared very difficult and challenging.”

“Every loan application we directed to them was closed expeditiously or we were promptly advised that the borrower did not qualify.”

“They actually help our sales team sell our units. No other lender has ever done that!”

“More than once, New Penn Financial was able to approve and close a loan after the borrower’s application had languished for over a month elsewhere and was finally rejected by another lender.”

“In the few instances where buyers elected to seek financing elsewhere believing that their banks would honor the FNMA and FHA approvals New Penn arranged, the vast majority of those loans were eventually declined for one reason or another. Jeffrey and Adam took over each and closed them all!”

“If you are considering options for end lenders, I would implore you to consider that Mr. Brown and his team are not simply the very best in the industry, but the only ones that should be considered seriously.”

“He is an invaluable asset to any developer through his experience, savvy, creativity, and determination. Our sales people trusted Jeffrey implicitly and considered him an extension of their team; he held the buyer’s hands throughout the process and was constantly reassuring our buyers. His relationship with our buyers and sales team proved to be critically important and undoubtedly resulted in additional sales.”

“In mid-2009 I contacted the local FNMA representatives to get a PERS approval for our Opera Tower project. During the initial conversation I said that Jeffrey Brown was the banker I was working with for buyer end user loans. The FNMA representative replied that Mr. Brown was the individual with the most experience in the area of PERS approvals and that I would be well advised to work with him for the PERS approval on our building.”

WHAT OUR BORROWERS HAVE SAID ABOUT US

“Jeffrey and his team saved the sale transaction after my client struggled for almost 2 months with their original lender who ended up not performing.”

“As the head of sales for many developments and having worked with every lender, I can easily say that Jeffrey and Adam are the very best lenders in the business, period!”

“As a contract administrator for the Related Group, I have worked with every bank and no one closes our units like New Penn. They have even saved many transactions for us when other lenders and brokers failed to close their loans. Simply put, Jeffrey and Adam are the very best!”

“Amazing to work with and they are available literally, 7 days a week and nearly 24 hours per day- True professionals and totally reliable. These guys must never sleep!”

“I found out that the bank with which I was working could not approve me for a loan. The property that I wanted to purchase was in a building that was occupied by too many renters (vs. owners) than the bank guidelines for issuing a mortgage would allow. My realtor referred me to Adam and New Penn Financial and my mortgage was approved in record speed due to his diligence.”

“I can’t imagine any other loan officer that would have been willing or capable of doing what Adam did for me. If you are buying a home, do not even think about depending on your bank for the loan. There is no better person to handle your financing than Adam Rosenblatt and his team at New Penn.”

“Jeffrey and Adam saved my $54,000 deposit from forfeiture and they did it in 8 days after SunTrust failed to close my loan.”

“What better endorsement than when you recommend someone to your ex-husband, which is exactly what I did!”

“I contacted Adam as I was having a very difficult process with Citibank, and was at risk of losing my down payment. Adam guided me through the entire mortgage finance process resulting in getting me approved with 10% down and excellent terms in less than a month.”

“Beyond demonstrating superior expertise, Adam was more responsive and showed greater follow through -- day, night, weekends -- than any banker I have ever dealt with.”

“Adam and Jeffrey work day and night, weekends, and all hours of the day and night to service their clients. I have worked with the best of the best and Adam and Jeffrey clearly surpass the level of any service I have ever seen.”

“I had tried with two other lenders previously that gave me pre-approvals but were not able to close the deal. Adam together with his colleague Jeffrey stepped in as the third lender and got it ready to close in under 3 weeks at a far better rate than any of the others.”

“Having had the pleasure of working with Jeffrey and Adam from New Penn Financial several times now, I can confidently say that they are the best lenders in the industry today. They have closed several loans for clients who were declined by other major banks without any hiccups. Other lenders took 30-45 days to decline some of these clients, while Adam and Jeffrey CLOSED them in an average of 3 weeks – Simply astonishing!”