PACIFIC RATE

1. Scope of Engagement

Borrower authorizes Pacific Rate to arrange, structure, and negotiate financing for the acquisition, refinance, or recapitalization of commercial real estate including but not limited to:

• Multi-family (5+ units)
• Mixed-use
• Retail
• Office
• Industrial
• Hospitality
• Ground-up construction
• Bridge loans
• DSCR loans
• Value-add and investor loans

2. Brokerage Fee

Borrower agrees to pay Pacific Rate a success-based brokerage fee equal to:

The fee is earned when a lender issues a written loan approval or commitment accepted by Borrower and is payable at closing from loan proceeds or Borrower funds.

3. Retainer (If Applicable)

Borrower agrees to pay a non-refundable retainer of $ upon execution of this Agreement. The retainer shall be credited toward the final brokerage fee at closing.

4. Exclusivity

Borrower appoints Pacific Rate as the exclusive commercial loan broker for this transaction for a period of days from the date of this Agreement.

Borrower shall not engage another broker, lender, or intermediary to arrange financing for the subject property during this period without Pacific Rate's written consent.

5. Protected Lenders

Any lender introduced by Pacific Rate is a protected source. If Borrower closes any loan with a protected lender within 12 months of introduction, Pacific Rate's fee shall be fully due, whether or not Pacific Rate is involved in the final closing.

6. Broker Is Not the Lender

Pacific Rate does not make loan decisions, control underwriting, or guarantee approval. All loan terms, conditions, and approvals are determined solely by the lender.

7. Third-Party Costs

Borrower is responsible for all third-party costs including but not limited to:

• Appraisal
• Environmental reports
• Title and escrow
• Survey
• Lender legal and underwriting fees
• Property condition reports

These fees are separate from Pacific Rate's brokerage fee.

8. No Refunds

All fees are non-refundable once Pacific Rate has introduced a lender, submitted the file, or delivered loan terms, regardless of whether Borrower elects to proceed.

9. Confidentiality & Authorization

Borrower authorizes Pacific Rate to share all financial, property, and borrower information with lenders for underwriting and loan placement purposes.

10. Governing Law

This Agreement shall be governed by the laws of the State of California.

11. Entire Agreement

This Agreement represents the entire understanding between the parties and supersedes all prior communications.