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DELL FUNDING HOME
MARSHALL'S HARBOR - update 5/10/02 UPDATE

Partnership Formed: Dell Funding Group, LP (7324614)
Loan Status: Paid in Full
Borrower / Developer: Marshall's Haror Limited; Steven B. Morse and Josephine Brown Morse; and John Buckner Hightower
Develop / Project Stage: Series of lot sales with development of roads and infrastructure and continuing to sell lots for development
Project Name: Marshall's Harbor
Property Address: Unknown
Guarantor: Steven B. Morse and Josephine Brown Morse; and John Buckner Hightower
Loan Funding Term: 24 months
Original Loan Amount: $8,000,000 15% 24 month note dated 11/2/99 due 12/1/02
Principal Balance: Loan fully funded back to investors
Stage Funding Due: None
Title of Property: Marshall's Harbor Limited
Lien: First
Advances by Premiere: Unknown
Exit Strategy: Sale of lots
General Partner: Washington Advisors GP, LLC
Loan Maintenance by: Washington Advisors GP, LLC
Description of Prop: 543.85 acres upscale lakefront and lake-view lots with private marinas of north Lake Travis

Photo of Property, if available:

Notice: The information contained in this summary has been acquired by several sources; there are no warranties expressed or implied as to its accuracy and completeness. All information should be independently verified. Nothing contained on this site should be construed as legal advice. If you have legal issues, you should consult an attorney.