Research will examine critical issues of growing market
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Scotsman Guide and Boxwood Means Announce Joint Research Survey on Small-Balance Commercial Lending

Bothell, Wash.--July 3, 2006--Scotsman Guide, the leading resource for mortgage originators, has partnered with Boxwood Means Inc., a real estate research and consulting firm, on a joint research survey that will examine critical issues in the $120 billion small-balance commercial loan market. The survey is currently available to industry participants at www.scotsmanguide.com/survey.

The survey targets commercial mortgage lenders, brokers and related staff involved with small-balance commercial originations, which includes commercial and multifamily loans that are less than $5 million. Survey topics include sourcing of loans, loan products, pricing, cycle times, exit strategies and more.

Survey findings will be included in a research report, which will be prepared by Boxwood Means in October.

Survey participants will receive a 40-percent discount on the research-report price and will also be entered into a sweepstakes for a chance to win one of five $100 American Express gift cards. The survey is available online through Aug. 15, 2006.

Boxwood Means Inc. is a Stamford, Conn.-based real estate research and consulting firm and the foremost research authority on the small-balance commercial loan market.

Founded in 1984, Scotsman Publishing Inc. publishes a residential edition and a commercial edition of Scotsman Guide. The magazines have a combined monthly circulation of nearly 100,000 subscribers nationwide. Scotsman Guide is the leading resource for mortgage originators, connecting mortgage brokers with wholesale lenders. The most recent Wholesale Access Mortgage Brokers' Survey found that more than 65 percent of mortgage brokers in the country read Scotsman Guide -- more than any other publication in the industry.

For more information, visit scotsmanguide.com or call (800) 297-6061.

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