Since 1980, the expertise and ingenuity of Bill Ward and his sons, Bill Ward, Jr. and Tom Ward, have resulted in more than $1 billion in funding for resort developers. During its 19 year history, Ward Financial Company ("WFC") has structured fundings for its clients for every imaginable definition of timeshare resorts as well as campgrounds, RV parks, land lots, hotels, etc. Ward Financial has also secured fundings for non-U.S. based projects including construction and receivable loans for Mexico, Canada, and Aruba. Receivable financing has been arranged for timeshare resorts in Saint Marten and St. Lucia. Projects currently under consideration are located in a variety of locations throughout the Caribbean, Mexico and Western Europe.

WFC is an active member of ARDA and has been an exhibitor at ARDA's Annual Convention every year since 1982. Bill Ward also served on ARDA's Board of Directors from 1992 to 1994.

WFC has also been active in financing a broad range of commercial real estate projects such as hotels, shopping centers, office buildings and specialty real estate. A number of resort hotels were included among WFC's loan placements for the lodging industry.

WFC's consistent record of success has been due largely to the "value added" factor provided by WFC to both borrowers and lenders alike. In each funding, WFC has to effectively satisfy both sides of the transaction by providing the borrower what they need while still structuring a prudent loan for the lender.

Samples of "value added" features provided to the borrowers are:

The expertise of WFC's staff assists the borrower in developing a loan structure that is realistic
and, therefore, can be approved from the lender's view point.

Detailed awareness of the lenders' programs frequently enables WFC to negotiate more attractive
rates and terms for its clients.

By maintaining close relationships with most all active resort lenders, WFC is able to accurately
identify which lender would represent the "best fit" for the client and the project at the time.

The loan request submitted to the lender has been extensively underwritten by WFC so that, to a
large extent, the package is "committee ready" for the lender's review. This frequently results in
a significant savings of time to both the borrower and the lender.

Contact Bill Ward, Sr., Tom Ward or Bill Ward, Jr. to begin to discuss how they can put their experience to work for you.