| Recent Transactions | |
| Westgate’s recent investment and lending activities include: | |
| • | Acquisition and refurbishment loan on South Carolina condominiums and additional land |
| • | Acquisition and development loan on 888 acre second home land development in Georgia |
| • | Investments in three California office buildings |
| • | Acquisition of 115 acre tract on Coit Road in North Texas |
| • | Investment in North Carolina condominium construction project |
| • | Acquisition and completion loan on condominium project in Washington State |
| • | Acquisition and completion loans on three condominium projects in North Carolina |
| • | Acquisition and development loan on 880 acre second home land development in North Carolina |
| • | Acquisition and completion loan on condominium project in Orlando, Florida |
| • | Acquisition and completion loan on Gulf front condominium project in Mississippi |
| • | Acquisition and completion loan on ocean front condominium project in Florida |



