Rubicon Finance America’s loan portfolio as at June 2007 is summarised below:

NUMBER OF INVESTMENTS 48
NUMBER OF UNDERLYING PROPERTIES 176
TOTAL AMOUNT OF INVESTMENTS US$305.5M
AVERAGE INVESTMENT (PER LOAN) US$6.4M
AVERAGE INVESTMENT (PER UNDERLYING PROPERTY) US$1.7M
TOTAL APPRAISED VALUATION OF UNDERLYING REAL ESTATE PROPERTIES(1) US$3,303.7M
WEIGHTED AVERAGE FIRST AND LAST DOLLAR LOAN-TO-VALUE RATIO 52.9% –79.3%
WEIGHTED AVERAGE INTEREST COVER 1.20x
WEIGHTED AVERAGE TERM TO MATURITY 6.1 YEARS
WEIGHTED AVERAGE CASH YIELD (2) 9.90%
SPREAD TO 5 YEAR US TREASURY RATE (3) 4.46%

(1) VALUATION OBTAINED AT LOAN ESTABLISHMENT
(2) BASED ON PURCHASE PRICE (EXCLUDING OTHER ACQUISITION COSTS)
(3) BASED ON 10 YEAR US TREASURY RATE OF 5.44% AS AT 7 AUGUST 2007