Common use of OPERATING STAGE Clause in Contracts

OPERATING STAGE. Entity Receiving Compensation Form and Method of Estimated Amount Compensation Redwood Mortgage Loan Brokerage Commissions average $285,000 per year(5) approximately three to six percent (3-6%) of the principal amount of each Mortgage Investment, but may be higher or lower depending upon market conditions. Loan Brokerage Commissions will be limited to an amount not to exceed four percent (4%) of the total Partnership assets per year. Such Commissions are payable solely by the borrower and not by the Partnership.(See "TERMS OF THE OFFERING"). Redwood Mortgage Processing and Escrow Fees for $19,200 per year(5) services in connection with notary, document preparation, credit investigation, and escrow fees in an amount equal to the fees customarily charged by Redwood Mortgage for comparable services in the geographical area where the property securing the Mortgage Investment is located, payable solely by the borrower and not by the Partnership. Redwood Mortgage Loan Servicing Fee payable monthly $310,000 per year(5) in an amount up to 1/8 of 1% of the outstanding principal amount of each Mortgage Investment. (2) (3)