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Aaron A. Giovara


Prior to forming the Company, Mr. Giovara was a Vice President at
Wells Fargo Bank and a principal in the Capital Marketing Group.
There, Mr. Giovara was responsible for originating, over the past
three years, more than $600 million in highly leveraged real
estate mezzanine and straight debt loans. He has led all aspects
of underwriting, due diligence, and structuring and in 1996
managed a $400MM loan portfolio secured by residential
developments, retail centers, industrial and office buildings, as
well as raw land. His prior professional experience was in the
Bank's Real Estate Industries Group where he specialized in
originating standing and construction loans. Mr. Giovara received
a B.S. in Real Estate and Finance from the University of
California, Berkeley in 1991.

Contact Information:
Aaron A. Giovara
601 Montgomery St., Suite 1088
San Francisco, California 94111
415-732-7646 (Direct)
415-732-7547 (Fax)


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