Cash Call Results

© Western America Commercial LLC. 2009. All Rights Reserved. The information herein is subject to change without notice.

Cash Call ResultsOctober 26, 2009



Avoid Foreclosure: Ongoing Cash Call Required


Cash Call Estimates over Two Years

• Bite the bullet ($375K)• Accept the lender’s modification terms ($236K)• Seek alternative modification ($120K)

– Refuse fees, costs– Refuse interest deferral– If unsuccessful, allow foreclosure

• Allow the property to foreclose ($0)


Cash Call Underway Over Past 9 Months


Pattern of Payment

• $12K monthly Feb - July• $15K monthly Aug – Present

• Total call through Sep $102K• Paid call through Sep $87K (82%)


Cash Call Pattern

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

$15,000

Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09

Total Call Total Paid


Participating Co-Owners

0

2

4

6

8

10

12

14

Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09

Participating Co-Owners


WAC’s Evaluation

• Co-Owners have supported the cash call• Co-Owners willing to contribute more• Cash call amount must be as low as possible

Cash Call Results

Business

ongoing cash

wacs evaluation coowners

alternative modification

refuse fees

pattern of payment

lenders modification

monthlyaug present total