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Intervest Securities Corporation


Intervest Securities Corporation is an NASD registered Broker and Dealer engaged in the sale of fixed income securities. From time to time Intervest Securities Corporation acts as a placement agent or selected dealer in the offering of subordinated debentures issued by its affiliate, Intervest Mortgage Corporation.
 
The Company maintains its office at 10 Rockefeller Plaza, New York, New York. Intervest Securities Corporation is a wholly owned subsidiary of Intervest Bancshares Corporation, a financial holding company and publicly traded company. The Class A shares and warrants of Intervest Bancshares Corporation trade on the NASDAQ small cap market under the trading symbols of IBCA and IBCAW respectively. Other wholly owned subsidiaries of Intervest Bancshares Corporation are Intervest National Bank, a national bank with its main office in New York, New York with five branch offices in Florida and Intervest Mortgage Corporation, which is a direct lender of mortgages on improved real estate.Intervest products offered through Intervest Securities Corporation are not FDIC Insured, may lose value, no bank guarantee.
 
The Company has historically invested primarily in short-term real estate mortgage loans secured by income producing real property that mature in approximately five years. The properties to be mortgaged are inspected by representatives of the Company and mortgage loans are made only on those type of properties where management is knowledgeable as to operating income and expense. The Company generally relies upon management in connection with the valuation of properties. The Company has not previously made acquisitions of real property, it may also, from time to time, acquire interests in real property, including fee interests. The Company's mortgage portfolio is composed predominantly of mortgages on multi-family residential properties, many of which are subject to applicable rent control and rent stabilization statutes and regulations. In both cases, any increases in rent are subject to specific limitations.
 
The prepayment of mortgage loans tends to increase during periods of declining interest rates and tends to decrease during periods of increasing interest rates. Certain of the Company's mortgages include prepayment provisions, and others prohibit prepayment of indebtedness entirely.

The Company has committed themselves to the success of the business, to the pursuit of excellence, to the safety of employees, and to providing industry leading quality of service to customers.

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