Doug Korey, Managing Director of Contemporary Healthcare Capital, is very excited to have had the opportunity to provide financing for the development of this facility and assist in their growth.

Within the context of this brochure, the term "Borrowers" is used to collectively describe the group of healthcare and senior living organizations in which the Funds may potentially invest.

Contemporary Healthcare Capital, LLC, the manager of the Funds:

Contemporary Healthcare Fund I, LP - a mezzanine debt fund
Contemporary Healthcare Fund II, LLC- a senior mortgage debt fund
Contemporary Healthcare Construction Fund I, LLC - a construction debt fund

The ratio of a company's cash flow available to pay its debt obligations to the total amount of debt payments required.

Funds to be used for purposes such as securing a site for, designing and marketing a CCRC prior to obtaining permanent financing.

The federal agency in the Department of Housing and Urban Development that issues mortgages.

The debt and equity funds managed by Contemporary Healthcare Capital, including:

Contemporary Healthcare Fund I, LP - a mezzanine debt fund
Contemporary Healthcare Fund II, LLC- a senior mortgage debt fund
Contemporary Healthcare Construction Fund I, LLC - a construction debt fund
Ziegler Healthcare Fund I, LP - a mezzanine debt fund
Ziegler Healthcare Fund II, LLC - a senior mortgage debt fund
Ziegler Healthcare Fund III, LLC - a mezzanine and preferred equity fund

The United States federal department that administers federal programs dealing with better housing and urban renewal; created in 1965.

The internal rate of return is the discount rate that results in a net present value of zero for a series of future cash flows. IRR is a discounting cash flow approach to valuing investments.

LTV is the percentage value for the relationship between the amount of the loan and the value of the property.

Debt financing that ZHF may provide to a Borrower; mezzanine financing is subordinated to senior mortgage loans, both in terms of payment and security position.

Debt financing that ZHF may provide to a Borrower that is in a senior lien position.

Capital that ZHF may invest in a company on a preferred equity basis; such investments would be subordinate to the company's debt obligations, in terms of priority of payment.

A return on capital contributions that must be paid to ZHF before Borrowers may make any payments to their common equity holders. Preferred return accrues at a specified annual rate. ZHF will attempt to negotiate a preferred return of 8% to 10% payable annually by each Borrower.

An investment trust that owns and manages a pool of commercial properties and mortgages and other real estate assets. Shares can be bought and sold in the stock market.

Ziegler Healthcare Capital, LLC, the manager of the Funds ("ZHF"):

- Ziegler Healthcare Fund I, LP - a Mezzanine Fund
- Ziegler Healthcare Fund II, LLC - a Senior Mortgage Fund
- Ziegler Healthcare Fund III, LLC - a Mezzanine and Preferred Equity Fund