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Attachment D <br />Westwood Villa�gie Associati®n <br />c/o M&H Property Ma�na�g�ement <br />aittn: Sarah Ma nstuen <br />P,O Box 1,31,957' <br />Roseville, MN 55113 <br />�k E: Req�uest for Financing <br />Amount: $1,16100,000.04, <br />Vear Board of Directors, <br />T'ha�nk you for considering U.Si. Ba�nk in meeting your fina�ncia�l need�s. We ha�ve g�iven your cred�it <br />req�uest ca�reful consid�era�tion but reg�ret we a�re una�ble to extend cred�it to you at this time for th(; <br />following rea�sons: <br />Loa�n req�uest d�oes not conform to U.S. Ba�nk"s HOA Lending P,rog�ra�m: <br />• Requested repa�yment term of 1,5 yea�rs exceed�s ma�ximum allowed of 7'yea�rs. <br />• Loa�n a�mount exceed�s 2x a�nnua�l a�ssessment revenue. <br />• Reserve fund ba�la�nce is less tha�n 25% of requested loa�n a�mount. <br />Should you ha�ve q�uestions or wish to req�uest further d�eta�ils as to the sta�tement of rea�son, <br />plea�se d�o not hesita�te to conta�ct Dan Deneka�mp at 8,00-7'6161-327'4 or me at 8,00-7'94-44612 x2251 <br />Respectfully, <br />scw how <br />S�r�h Holt <br />AVP/P,ortfolio Ma na�gier <br />DP,S/Risk Ma na�g�ement <br />