Silo celebrates 10th anniversary; closes four deals totaling $17.5 million

Silo Financial Corp. is celebrating its 10th anniversary with the closing of several loans, including the following four transactions totaling $17.5 million funded in the past 60 days: $7 million was placed on a 10,000 s/f townhouse on the city's Upper East Side and an oceanfront estate in Southampton. A $7 million acquisition loan on 18-acre subdivision in Greenwich, Conn. An $1.9 million mezzanine blanket loan placed and secured by three prime area properties. A $1.6 million construction loan placed and was used to bond a mechanics lien and complete construction of an 8,200 s/f townhouse project to be marketed for sale. Since its founding in 2001, Silo Financial has marked a decade in business with exceptional performance. The company boasts 110 loans closed and directly funded with over $200 million in loan volume; a successful seven year track record of running Silo Mortgage Opportunity Fund I, LLC with annual returns over 9.8%; a cumulative total return of over 93%; and lending capabilities nationwide on deals up to $20 million. 2010 was Silo Financial's best loan origination year to-date. Last year, the company provided its investors with an 11.83% return and closed nearly $50 million in loan originations. Silo has already closed $10 million in loan originations in 2011, on track for its goal of closing over $125 million for the year. "Silo Financial has not only survived the worst economic recession since the Great Depression, but has thrived in an industry where many of our peers collapsed or are sidelined, thanks to our conservative approach, the hallmark of the Silo brand," says Jonathan Daniel, Founder and CEO of Silo Financial. "The name Silo evokes the conservative upbringing and philosophy engrained in me on the dairy farm where I was raised, first in the business of farming and cattle dealing, and then in the business of financing developers in home construction. The need to save money to get ahead has instilled an investment mentality focused on risk aversion and downside protection. It is this same doctrine which has led to our success over the past 10 years. Currently, Silo has no leverage on its existing loans and at its peak never utilized more than 50%." Additional recent Silo loans include: $6,500,000 - New York, NY Acquisition and Rehabilitation First Mortgage on a 10,000-square-foot 5-story Townhouse in Greenwich Village. $7,200,000 - New York, NY Refinance and Partner Buyout on a 12,000-square-foot Medical Office Condominium on New York's Upper East Side. Silo Financial is currently capitalizing on the unique dislocation in the capital markets by focusing on deals that are too small for larger institutions and have special situations which most of the conventional small and medium sized banks, which are currently under heavy regulation, cannot accommodate. The firm engages in practical asset based real estate lending. As opposed to traditional private hard money lenders, Silo Financial considers itself a specialty finance company with greater flexibility and more attractive rates than the typical all in mid-to-high teen yields hard money lenders demand. The short window of opportunity for investors to take advantage of banks offering discounted note purchases (most often non-performing) and mortgage buybacks has created high demand for loans from private lenders such as Silo. The company's 10 year track record offers certainty of execution and a quick turnaround to borrowers seeking to capitalize on situational circumstances, with multi-million dollar deals closed in as little as four days. About Silo Financial Corp. Headquartered in Stamford, CT, Silo Financial Corp. is a direct mortgage lender that provides solutions to meet financial needs not typically accommodated by most banks and traditional lenders. Silo specializes in providing short-term bridge loans secured by most types of commercial and investment property, focusing on loans from $1,000,000 to $20,000,000, including special situation, time-critical and difficult financing. In addition, Silo is actively seeking to help existing real estate owners and investors restructure and/or acquire non-performing loans. Since 2001, Silo has earned an exceptional reputation for consistently finding and closing deals. For further information, please visit http://www.silo-financial.com. Contacts: 203-327-3327 Jonathan Daniel [email protected] Brian Sullivan [email protected] Justin Cooper [email protected]