FIRST REPUBLIC PREFERRED CAPITAL CORPORATION 111 Pine Street San Francisco, California 94111 First Republic Bank 111 Pine Street San Francisco, California 94111 December 20, 2001 Ladies and Gentlemen: First Republic Preferred Capital Corporation (the...First Republic Preferred Capital Corp • December 28th, 2001 • Real estate investment trusts
First Republic Preferred Capital Corporation (the "Corporation") and First Republic Bank (the "Bank") are parties to an Amended and Restated Master Loan Purchase and Servicing Agreement, dated as of December 1, 2001 (the "Agreement"). Pursuant to the Agreement, from time to time the Bank may agree to sell to the Corporation, and the Corporation may agree to purchase from the Bank, all of the Bank's right, title and interest in and to certain residential mortgage loans, on a servicing retained basis, in accordance with the terms and conditions of the Agreement. On October 31, 2001, the Corporation filed with the Securities and Exchange Commission a Registration Statement on Form S-11 (File No. 333-72510) (as amended, the "Registration Statement") that included a prospectus (as modified by any amendment to the Registration Statement, the "Prospectus") in connection with an initial public offering of Series B preferred shares (the "Offering").
