OCONNOR MORTGAGE INVESTMENTS INC.

Over the last 35+ years I’ve worked with Chip on many commercial and MFR loans, hard money and conventional,  and in every case Chip’s primary focus was full disclosure to and aggressive representation of  his clients.

He’s one of the few brokers in the industry who consults with his clients and honestly advises them on their financial best interest.

Chip is one of the most Professional Mortgage Consultant in the industry .  I highly recommend Chip for any of your Real Estate financing needs.

Sincerely,

Tom O’Connor,  CCIM

WELLS FARGO REALTY FINANCE (RETIRED)

John Rowder, Retired, Wells Fargo Realty Finance and Gantry Inc.

In 1984, While an SVP for the commercial division of Weyerhaeuser Mortgage Company, I hired Chip as an analyst.  He and I worked together for four years until I left to join Wells Fargo Realty Finance.  Chip joined me at Wells and we worked there together until 1992. Through the years we have maintained a close friendship.

Chip is extremely honest, a hard worker and values his fiduciary responsibility to both the client and the lender.  We still maintain our friendship to this day.

Date:               November 20, 2024

From:              Daniel Henning, Retired, Tri Counties Bank

Subject:          Personal Reference Woodson “Chip” Philbin

I have personally and professionally known Woodson Philbin for over twenty years.  As a long time, commercial banking loan officer in the greater Sacramento area, Woodson referred real estate customer loan (prospects) to me. These prospect loan applications were professionally packaged with financial and background information. Woodson would also provide budgets and cash flow analysis based on the investment economics.  The commercial real estate loan packages were always well thought out resulting in expediting the lending decision.

I have also facilitated commercial real estate loans on a direct basis for him.  These direct loans assisted Woodson in buying and frequently improving subject properties.  He has a keen sense of commercial real estate investment opportunities.  Whether the properties were apartment, office, or retail; he would identify ways to improve the properties income stream.  He frequently acquired properties in need of structural and leasing improvements.  With the Bank’s loan he was able to complete the necessary improvements, resulting in maximizing the properties income stream and realizing greater property value.

Throughout our acquaintance, his referrals and direct lending opportunities were managed in a most professional manner.  Woodson always adhered to required covenants and conditions as required.

I consider him to be A conservative but well-informed investor.  He evaluates all opportunities to identify potential risks, along with positive returns.

_____________________________

Daniel Henning

Senior Vice President

Commercial Banker-Retired

Tri Counties Bank