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Silo Financial Closes $23 Million in Loans During First Quarter of 2010

    Silo's recent loans include:

                                                  $2,000,000 - New York, NY
    Refinance First Mortgage on a Condominium Investment Property in
     Tribeca

                                                 $1,800,000 - Greenwich, CT
    Cash-out Mezzanine Blanket Loan on two Single Tenant Properties

                                                 $1,200,000 - New Haven, CT
    Refinance Second Mortgage Blanket Loan on a Mixed-Use Commercial
     Property

                                                 $4,000,000 - Greenwich, CT
    Refinance First Mortgage on 9.5-acre +/- Horse Estate

                                                 $7,500,000 - Greenwich, CT
    Construction Completion First Mortgage on 22,000 S/F Speculative
     Estate Property

                                                  $3,250,000 - New York, NY
    Refinance First Mortgage on a Manhattan (SoHo) Commercial Cooperative
     Renovation

                                          $3,500,000 - Brooklyn Heights, NY
    Note Acquisition Financing on a 6,500 S/F 5-Story Multi-Family
     Building with additional mortgaged collateral

A private real estate investment company, Silo Financial provides a broad range of specialty capital, including bridge mortgages, mezzanine loans, preferred equity and other structured debt and equity products. Silo specializes in flexible solutions to meet capital needs not typically accommodated by banks or traditional institutions. Since 2001, Silo has earned an exceptional reputation for consistently finding and closing deals, even in the turbulent current market that has seen lending--and closed deals--grind to a virtual halt.

"In this economy, Borrowers can not afford to speculate on a private lender. With one chance to capture an opportunity quickly or take advantage of a restructuring with an existing lender, borrowers need clarity on terms and certainty of execution more than ever. With many of the private lenders of years passed sidelined due to rescinded or expired credit lines and/or portfolios of problem loans, very few private lenders actually have the wherewithal to close on new loans," according to Jonathan Daniel, CEO of Silo Financial Corp. He continued, "We successfully originated over $23mm in loans last quarter and we see tremendous opportunity for continued growth. Our style of lending involves a lot more listening to special circumstances, rather than just evaluating numbers and scores and immediately rejecting a deal. Our 'creativity' and willingness to explore different and unusual solutions in an expeditious manner enables us to structure loans that work for a borrower's specific needs."

Recognizing that every transaction is unique, Silo's objective is to fully understand the circumstances and situation behind every transaction--the borrower's requirements, real estate asset(s) involved, exit strategy and more. Loan-to-value ratios, interest rates and terms vary by situation, risk profile and type of loan. In a business that's all about relationships, expediency and creativity, real estate professionals have come to appreciate the straightforward, professional approach of Silo Financial and the commitment to ethical business and exceptional service.

Headquartered in Stamford, CT, Silo Financial Corp. is a direct mortgage lender that provides solutions to meet financial needs not typically accommodated by most banks and traditional lenders. Silo specializes in providing short-term bridge loans secured by most types of commercial and investment property, focusing on loans from $1,000,000 to $20,000,000, including special situation, time-critical and difficult financing. The firm has developed an exceptional reputation for structuring and funding complex loan transactions in a timely and efficient manner. Additionally, Silo is actively seeking to help existing real estate owners and investors restructure and/or acquire non-performing loans.

www.silo-financial.com

SOURCE Silo Financial Corp.