NDC SKYLINE ASSOCIATES, LLC AND INTEGRAL COMMUNITIES I, INC.

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CONSENT OF LENDER The undersigned (as successor-in-interest to Fremont Investment & Loan, a California industrial bank, "Beneficiary") holds the beneficial interest in that certain Deed of Trust and Fixture Filing recorded in the Office of the County Recorder of Orange County on June 20, 2006 as Instrument No. 2006000411437 (as amended from time to time, the "iStar Deed of Trust"), which iStar Deed of Trust encumbers a portion of the property covered by that certain Second Amendment to Development Agreement between The City of Santa Ana, a charter city and municipal corporation duly authorized under the Constitution and laws of the State of California, NDC Skyline Associates, LLC, a Delaware limited liability company, and Integral Communities I, Inc., a Delaware corporation, dated May 18, 2009 ("Second Amendment"), to which this consent is attached. The undersigned hereby consents to the foregoing Second Amendment and agrees that the Second Amendment shall continue in full force and effect, even in the event of foreclosure or trustee's sale pursuant to the iStar Deed of Trust, or any other acquisition of title by the undersigned, its successors or assigns, of all or any portion of the real property covered by the iStar Deed of Trust. iSTAR FM LOANS LLC, a Delaware limited liability company By: ~ Name: Title: _ pq~~~..g€TH C i~.f15ELLE Senior Vice President & Associate General CounSe} STATE OF ~ P~c.J ~ ) SS COUNTY OF I/~~-~ ) On the ~ ~~day of `~~ , in the year 2009, before me, the undersigned a Notary Public in and for said State nd County, personally appeared I~-y'+~ - f3z~c->r.. t`-• ~i?`~P,-E.~.~, personally known to me or proved to me on the basis of satisfactory evidence to be the individual who e name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the entity upon behalf of which the individual acted, executed the foregoing instrument WITNESS my hand and official seal. ~------.-._~. _.... ~i Signature ~ eal) Name: ~. 'vaarx My Commission Expires: CH101_50550403v1 208972-00932 8/4/2009 4:27 PM