Interm Distribution Calculation - February 2000

Eron Mortgage Corporation
Interim Distribution
Summary of Project Positions at August 31, 1999 with Accumulated Interest

  US ($) US Exchange Cdn ($) % ( $ Cdn)
Canadian Dollar Projects          
Balak, Lee     $ 175,805.38 0.79% $ 74,722.56
Blake Davie     141,813.87 0.63% 60,275.15
Castlegar     1,327,801.93 5.94% 564,355.68
Discovery Ridge     5,817,348.73 26.03% 2,472,547.86
Gaetz Crossing     2,715,007.46 12.15% 1,153,959.68
Goodridge Peninsula     324,005.23 1.45% 137,711.95
Meyer     - 0.00% -
E. Montagliani     91,053.48 0.41% 38,700.46
Total Canadian $ Projects     $ 10,592,836.09    
           
           
US Dollar Projects          
Desert Springs $ 272,545.29 1.4433 $ 393,364.61 1.76% 167,191.77
Fairways Condo 2,932,842.95 1.4433 4,232,972.23 18.94% 1,799,140.28
Morewood 2,390,992.15 1.4433 3,450,918.98 15.44% 1,466,744.17
Raven 2,550,592.68 1.4433 3,681,270.41 16.47% 1,564,650.44
Total US $ Projects $ 8,146,973.07   $ 11,758,526.23    
           
           
Total Projects in Cdn $     $ 22,351,362.32 100.00% $ 9,500,000.00


If you have any questions about your project interim distribution please contact your project lender lead.


Calculations are preliminary and subject to further court order.





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