I.    Executive Summary


               The Borrower. Happy Mailman Midtown, LLC DBA Midtown Groom and Board, is requesting to refinance three (3)
               loans held with Wells Fargo i/a/o $965M into one (1) consolidated conventional loan. The three (3) loans consist of an

               SBA 7A real estate loan i/a/o $689M i/n/o Happy Mailman Baylor, LLC. a business loan i/a/o $10M i/n/o Happy
               Mailman Midtown, LLC and an SBA 7A business loan i/a/o $266M i/n/o Midtown Pets Granbury, LLC.