Borrowing Information | Advance Residence Investment Corporation

Loans

As of Dec. 3, 2009

Term	Lender	Loan Balance (mm yen) (Note 1)	Interest Rate (%) (Note 2)	Draw- down Date	Repay- ment Dead- line	Repay- ment Method	Re- marks
2-year fixed	Sumitomo Trust & Banking Aozora Bank Mizuho Corporate Bank Mitsubishi UFJ Trust and Banking	6,000	1.93 (Note 3)	Nov. 25, 2009	Nov. 30, 2011	Lump sum repay- ment at maturity	No collat- eral or guar- antee
3-year fixed	Development Bank of Japan	1,000	1.92	Nov. 25, 2009	Nov. 30, 2012	Install- ment Payment
4-year fixed	Aozora Bank Shinsei Bank Development Bank of Japan Mitsubishi UFJ Trust and Banking Resona Bank Oita Bank Hachijuni Bank	5,500	1.49	Jan. 25, 2008	Jan. 25, 2012	Lump sum repay- ment at maturity
4-year fixed	Sumitomo Trust & Banking Aozora Bank The Nishi-Nippon City Bank Resona Bank	5,400	2.16	Jun. 25, 2008	Jun. 25, 2012
5-year fixed	Sumitomo Trust & Banking Aozora Bank Development Bank of Japan Resona Bank	4,500	1.68	Jan. 25, 2008	Jan. 25, 2013
	Sumitomo Trust & Banking Aozora Bank Mizuho Corporate Bank Sumitomo Mitsui Banking	5,900	1.48	Nov. 25, 2005	Nov. 25, 2010
		5,700	1.61	Mar. 20, 2006 Mar. 30, 2006	Nov. 25, 2010
	Mizuho Corporate Bank Aozora Bank Resona Bank	5,500	2.38	Jun. 25, 2008	Jun. 25, 2013
7-year fixed	Development Bank of Japan	2,500	2.70	Jun. 25, 2008	Jun. 25, 2015
Subtotal of long-term loans		42,000
Total		42,000

(Note 1)	All funds were applied to the acquisition of real estate beneficiary interests in trust and to the payment of related costs.
(Note 2)	The interest rates shown are the interest rates per annum rounded to two decimal places.
(Note 3)	The loan interest rates shown are the fixed real interest rates based on the interest rate swap agreements entered into for the purpose of fixing the interest rates. The floating interest rate based on the loan agreement for the period from November 25, 2009 to February 25, 2009 is 1.67537%.

Acquisition of Issuer Rating

An issuer rating of A+ was obtained from Rating and Investment Information, Inc. to facilitate the diversification of financing methods and the lengthening of the average remaining life of borrowings through the issuing of investment corporation bonds. ADR monitors market conditions and shall deliberate the issuance of investment corporation bonds when circumstances are deemed to be appropriate.


Rating and Investment Information, Inc.		Issuer Rating: A+ (Direction Uncertain)