Real Estate

UPDATE TO ACCEPTABLE PROJECT TYPES & REQUIREMENTS FOR COMMERCIAL PROJECT
FUNDING:

Commercial Funding for Developers & Property Managers & Sovereign
Governments:

We are continuing to seek world class projects which may qualify for the
mechanism which has been designed by our CEO.

The Bond Offering is in excess of 200% OVER-COLLATERALIZED.

Ovadya Venture Capital, Inc.
(affiliate of Ovadya Funding Group International, Inc.)
Has perfected a Regulation D exemption 144a based bond offering which can
deliver up to 95% LTV/LTC financing
for qualified hard asset based projects, Internationally (where political
risk insurance is available).

Energy projects are preferred, as we have a substantial QIB (Qualified
Institutional Buyer) available interested only in that asset class of
projects.

Other asset classes acceptable:

1. Hotels
2. Resorts
3. Non-US Residential Housing Developments
4. Office Buildings
5. Large Ship Manufacturing
6. Energy Projects (preferred in fact)
7. Soverign Government Revenue Producing Infrastructure Projects
8. Airports & Aviation & Airlines
9. Management Buyouts
10. Mass Transportation

11. Theme Parks, Amusement Parks, & Family Entertainment Centers
12. Water Purification
13. Corporate Restructuring
14. Apartment Building(s) Complex(es) (including U.S. based)
15. Hospital(s)
16. Senior Assisted Living Complex(es)
17. Retail Centers (preferably non-U.S.)

Please allow us a moment to be certain that there is complete understanding
regarding the Bond Offering Mechanism designed by our CEO.

We are a direct lender and therefore deal directly with the Principal. We
respect the roll intermediaries play in the process, so we will honor any
commission agreement(s) between the Principal and the intermediary.

We raise our funds from QIB's using over-collateralized ten-year bonds. We
have found this to be the only way many development projects can qualify for
funding in the current financial climate.

Generally Ovadya terms look like this:

Funding Range: $25M to $1.5B
Term: 10 years
Percent Available: 100%
Equity Position: 10-15%
Success Fee at Closing: 3-4 %
Payment - Annual, Interest Only: 10% (first three years
may be held in escrow)
Bond Preparation: $1.7 to 2.1M due
when engaged.
Closing Cost: 2 - 4% of loan - 3
weeks before closing

(approx. 4 to 6 months)

We don't charge initial underwriting fees to pre-qualify projects. For us
to properly complete an initial evaluation, we require the following
documents:

* A pro forma confirming the ability to make 10%
annual interest payments
* An executive summary
* A business plan
* A current appraisal, if available
* Any other additional documentation pertinent for
evaluation

Our funding works well for under-capitalized development projects with great
upside potential. Contact us at your earliest convenience to discuss your
project.

Should any project you evaluate not meet the above standards, please do not
submit that project to us.

We do appreciate your kind cooperation.

Regards,

Borrowers (ONLY PLEASE) May contact: Intermediaries May
Contact:
Administration 3rd Shift Dr. William Grant
Frankenberg, Jr. Executive Vice President Mr. Joseph Olive, Senior
Executive VP
Ovadya Funding Group International, Inc. Ovadya Funding Group
International, Inc. Ovadya Funding Group International,
Inc.
administration@ovadyafunding.com
grant.frankenberg@ovadyafunding.com
joe.olive@ovadyafunding.com
(317) 876-1207Office Ext 0 (317) 876-1207Office Ext
7052 (317) 876-1207Office Ext 7012
eFax 888 479-3538

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