Silver Properties is a privately held real estate investment and development firm specializing in multi-million dollar commercial and residential property transactions. Located in Greenwich, Connecticut, which has long been considered a Mecca of real estate and investment opportunities, Silver Properties has been a leader in the industry for over 25 years.

Having successfully cultivated several relationships with banks and private equity firms (both local and national) that provide capital infusion, the company's primary focus is the Acquisition, Analysis, and Rendering of Superior Rates of Return of Both Performing and Non-performing Real Estate loans. In addition, Silver Properties has long been regarded as one of the premiere developers of large Custom Spec Homes in Greenwich.

Silver Properties' goal is to acquire Investment-grade Commercial and Residential Real Estate through the purchase of distressed and senior loans. Since 1990, the Silver Properties business model has enabled the company to render outstanding rates of return on past and present project-by-project investments.

Greg started his career in Real Estate development over 25 years ago. He began by performing High-end Commercial Construction projects in Fairfield County and then, in 1994, moved into Residential Development in Greenwich, Connecticut with the purchase of his first Spec Home site on Lower Cross Road. Since then, he has developed several homes ranging from $6 million to $14 million in Greenwich, and several Custom Residential projects. Greg most recently has been creating Distressed Real Estate partnerships to purchase distressed notes from banks, and other Distressed Real Estate assets. This year, Greg closed on a 65 Apartment Portfolio in Port Chester, New York, and has completed the foreclosure and is now selling the assets.

203-554-2227 // Email Greg

Joseph R. Lockridge is the Executive Director of Acquisitions for Silver Properties. He is responsible for all phases of the real estate acquisition process.

His other positions have included Director of Legal 1031 Exchange Company, a National Qualified Intermediary for 1031 Tax Deferred Exchanges. During his time at Legal 1031 he ran the day-to-day operations overseeing that all IRC guidelines were met and in strict conformance to the rules and regulations set forth by the IRS. Prior to his role as a 1031 specialist he was an Analyst for Cushman & Wakefield where he was responsible for tracking and maintaining all statistical leasing data for the commercial real estate markets in Fairfield and Westchester Counties. Joseph brings over 15 years of varied real estate experience to his role at Silver Properties.

203-554-5541 // Email Joesph

Acquisitions

Silver Properties actively searches for distressed bank debt and properties. We run all phases of the due diligence process and move to acquire mortgages or hard assets to reposition on the market.

Construction Management

Silver Properties handles the overall planning, coordination and quality assurance from inception to completion aimed at meeting our clients' requirements in order to produce functional and financially viable projects.

• Project Management Planning
• Cost Management
• Time Management
• Contract Administration
• Safety Management
• Quality Management
• CM Professional Practice Guidelines

Real Estate Development

Silver Properties Develops raw land and also repositions existing real estate. We have established the standard 9 steps of the development process:

• Determine size, Parameters and Construction Timeline for the Property
• Estimate the Revenue, Expenses and NOI for the Property
• Estimate the Development Costs for the Project
• Create Sources and Schedules to Determine the Debt and Equity Levels
• Build an Income Statement Down to Net Operating Income or Net Income
• Distribute the Development Costs and Determine the Debt/Equity Required
• Draw on Equity and Debt as Necessary
• Assume an Exit Cap Rate and Stabilized NOI and Determine the Net Proceeds from the Sale
• Calculate the Internal Rate of Return (IRR)

Web Site Terms and Conditions of Use

1. Terms

By accessing this web site, you are agreeing to be bound by these web site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by applicable copyright and trade mark law.

2. Use License

1. Permission is granted to temporarily download one copy of the materials (information or software) on Silver Properties's web site for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not:
   1. modify or copy the materials;
   2. use the materials for any commercial purpose, or for any public display (commercial or non-commercial);
   3. attempt to decompile or reverse engineer any software contained on Silver Properties's web site;
   4. remove any copyright or other proprietary notations from the materials; or
   5. transfer the materials to another person or "mirror" the materials on any other server.
2. This license shall automatically terminate if you violate any of these restrictions and may be terminated by Silver Properties at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format.

3. Disclaimer

1. The materials on Silver Properties's web site are provided "as is." Silver Properties makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Silver Properties does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet web site or otherwise relating to such materials or on any sites linked to this site.

4. Limitations

In no event shall Silver Properties or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption,) arising out of the use or inability to use the materials on Silver Properties's Internet site, even if Silver Properties or a Silver Properties authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.

5. Revisions and Errata

The materials appearing on Silver Properties's web site could include technical, typographical, or photographic errors. Silver Properties does not warrant that any of the materials on its web site are accurate, complete, or current. Silver Properties may make changes to the materials contained on its web site at any time without notice. Silver Properties does not, however, make any commitment to update the materials.

6. Links

Silver Properties has not reviewed all of the sites linked to its Internet web site and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Silver Properties of the site. Use of any such linked web site is at the user's own risk.

7. Site Terms of Use Modifications

Silver Properties may revise these terms of use for its web site at any time without notice. By using this web site you are agreeing to be bound by the then current version of these Terms and Conditions of Use.

8. Governing Law

Any claim relating to Silver Properties's web site shall be governed by the laws of the State of Connecticut without regard to its conflict of law provisions.

General Terms and Conditions applicable to Use of a Web Site.

Privacy Policy

Your privacy is very important to us. Accordingly, we have developed this Policy in order for you to understand how we collect, use, communicate and disclose and make use of personal information. The following outlines our privacy policy.

• Before or at the time of collecting personal information, we will identify the purposes for which information is being collected.
• We will collect and use of personal information solely with the objective of fulfilling those purposes specified by us and for other compatible purposes, unless we obtain the consent of the individual concerned or as required by law.
• We will only retain personal information as long as necessary for the fulfillment of those purposes.
• We will collect personal information by lawful and fair means and, where appropriate, with the knowledge or consent of the individual concerned.
• Personal data should be relevant to the purposes for which it is to be used, and, to the extent necessary for those purposes, should be accurate, complete, and up-to-date.
• We will protect personal information by reasonable security safeguards against loss or theft, as well as unauthorized access, disclosure, copying, use or modification.
• We will make readily available to customers information about our policies and practices relating to the management of personal information.

We are committed to conducting our business in accordance with these principles in order to ensure that the confidentiality of personal information is protected and maintained.