Addendum3-PricingSchedule-SBAHQ-12-R-0006.docx

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Central Servicing Agent for the 503/504 Loan Programs
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SBAHQ-12-R-0006
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Addendum 3 to SF-1447 - Pricing Schedule 2 pages

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Pricing Schedule

*It is estimated that 56,891 loans with an estimated balance of $23,860,047,188 will be serviced by this contract at the commencement of the Base Year.

**Contractor shall fill in the fraction/percent that it is offering for a service fee, for those new loans originated during period of performance of the contract. The service fee cannot be more than 10 basis points since that is the maximum Congress has authorized Contractor to collect. In addition, these fees will cover the ongoing cost of servicing the Section 503 First Mortgage Loan Program (FMLP). That is, Contractor will not collect additional fees for servicing the FMLP program.

***Date of base year and option years may vary depending on award date. See signed SF-1447 dates, which will control.

Date Funded
Estimated Number of Active 504 Loans
Estimated Funding Balance of Active 504 Loans
Pricing

May 29, 1991 through December 31, 1994

$26,087,980

For 504 Loans approved after May 28, 1991 and prior to January 1, 1995, CSA shall retain a monthly servicing fee at the rate of 3/64 of 1% per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval.

Jan 1, 1994 through June 25, 1996

632
$64,454,385

For 504 Loans approved after December 31, 1994 and prior to June 26, 1996, CSA shall retain a monthly servicing fee at the rate of 4/64 of 1% per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval.

June 26, 1996 through July 25, 2007

29,087

$10,046,587,798

For all 504 Loans approved after June 25, 1996 and prior to July 26, 2007, CSA shall retain a monthly servicing fee equal to 5/64th of one percent per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval, which will be deducted from the borrower's monthly payments to cover the monthly servicing fees paid to the CSA.

July 26, 2007 to present (as of 12/14/2011)

26,598

$13,722,917,024

For 504 Loans approved on or after July 26, 2007 and no later than September 30, 2012 a servicing fee of 3/64 of 1% per annum collected monthly, which for the first five years of the Note will be based on the initial outstanding balance of the Note, and which thereafter will be based on the recalculated outstanding balance of the Note. The SBA will recalculate the outstanding balance of the note upon each five-year anniversary of the date of approval of the Note.

TOTALS – Previous Loans
56,891

$23,860,047,188

Base Year Pricing – October 1, 2012 through September 30, 2013

For all 504 Loans approved on or after October 1, 2012 and before October 1, 2013, CSA shall retain a monthly servicing fee equal to _____th of one percent per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval, which will be deducted from the borrower's monthly payments to cover the monthly servicing fees paid to the CSA.

Option Year One Pricing – October 1, 2013 through September 30, 2014

For all 504 Loans approved on or after October 1, 2013 and before October 1, 2014, CSA shall retain a monthly servicing fee equal to _____th of one percent per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval, which will be deducted from the borrower's monthly payments to cover the monthly servicing fees paid to the CSA.

Option Year Two Pricing – October 1, 2014 through September 30, 2015

For all 504 Loans approved on or after October 1, 2014 and before October 1, 2015, CSA shall retain a monthly servicing fee equal to _____th of one percent per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval, which will be deducted from the borrower's monthly payments to cover the monthly servicing fees paid to the CSA.

Option Year Three Pricing – October 1, 2015 through September 30, 2016

For all 504 Loans approved on or after October 1, 2015 and before October 1, 2016, CSA shall retain a monthly servicing fee equal to _____th of one percent per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval, which will be deducted from the borrower's monthly payments to cover the monthly servicing fees paid to the CSA.

Option Year Four Pricing – October 1, 2016 through September 30, 2017

For all 504 Loans approved on or after October 1, 2016 and before October 1, 2017, CSA shall retain a monthly servicing fee equal to _____th of one percent per annum on the outstanding balance of the Note, such balance to be determined at 5-year anniversary intervals at the beginning of such interval, which will be deducted from the borrower's monthly payments to cover the monthly servicing fees paid to the CSA.

Addendum 3 - Pricing Schedule Page 1 of 2

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