Villa Beatriz, Cayey

Villa Beatriz, Inc.

First Bank

INFORMATION AS OF 11/01/2008

PROPOSED MULTIFAMILY SUBDIVISION COMPOSED OF 300 (PHASE 1 - 100) INDIVIDUAL CONDOMINIUM UNITS IN SIX BUILDINGS OF 60 MODULES WITH 5 APARTMENTS EACH. THE COMPLEX IS WELL LOCATED IN SR #1, KM 53.5, POZUELO SECTOR, BEATRIZ WARD, APPROXIMATELY, ONE MILE NORTH FROM MAIN ROUTES SR #52. THERE ARE NO APPARENT ADVERSE FACTORS WHICH COULD AFFECT THE SUBJECT'S MARKETABILITY. STABLE PROPERTY VALUES DEMONSTRATE AN AVERAGE MARKET DEMAND FOR THIS AREA. EMPLOYMENT IS MIXED. THE IMPROVEMENTS CONFORM WELL TO THE SURRONDING DEVELOPMENTS. SUBJECT HAS ACCESS TO ALL NECESSARY SUPPORTING FACILITIES. OWNER OCCUPANCY IS PREDOMINANT.

TYPICAL APARTMENT UNITS ARE LOCATED IN 2ND AND FOURTH FLOORS.

COMMON ELEMENTS AND RECREATIONAL FACILITIES: CONTROLLED ACCESS, SWIMMING POOL, PLAYGROUNDS, GAZEBO, FENCES, AND LANDSCAPING.

OMAR MONTALVO, CRA, MBA