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Pacific Hardwoods Commercial Portfolio

Hardin Construction Company		Project:	Owner:		$720,000
3301 Windy Ridge Parkway  Suite 400  Atlanta, GA 30339-5618		The Aberdeen Condominiums Atlanta, GA	Taz Anderson Realty Company
					starts 4/2009

Hogan Construction Group		Project:	Owner:		$241,449
5075 Avalon Ridge Parkway Norcross, Georgia 30071		Tremont Condominiums Atlanta, GA	Coro Realty Advisors
					starts 8/2008

Turner Construction Co.				Owner:	$    697,553 .00
3424 Peachtree Rd.
Suite 1900		Project:		Tivoli Properties
Atlanta, GA  30326		Mezzo Condominiums Atlanta, GA
		Atlanta, GA
					Complete 5/2008

Winter Construction Co.			Winter Properties		$            5,200.00
Job Site:
6780 Old Madison Pike Huntsville, AL  35806
		Westin Hotel
		Huntsville, AL			Complete 4/2008

Oxford Construction		Marietta Street,	Winter Properties	06/2006	$        620,167.00
One Overton Park		Atlanta, GA	1330 Spring Street NW
3625 Cumberland Blvd			Atlanta, GA 30309
Suite 500
Atlanta, GA  30339			MWest
			Condominiums Phase 1

Worthing SE Builders		North Decatur Rd, Atlanta, GA	Providence Group LLC	05/05	$        197,169.00
			3935 Lakefield
			Suwannee, GA 30024
	Stratford Condominiums
		Phase 2

Worthing SE Builders		Cumberland Parkway, Atlanta, GA	Worthing Properties	10/03	$        296,333.00
Vinings Vineyard Condominiums

Thomason Bldg. Corp		401 10th Street	Thomason Bldg. Corp	01/03	$        187,000.00
		Atlanta, GA
		401 10th Street Condominiums

Worthing SE Builders		Cumberland Parkway, Atlanta, GA	Worthing Properties	01/96	$        121,400.00
Vinings Chase Condominiums