PROPERTY EVALUATION (RESTRICTED REPORT)
1. Buyer and seller are typically motivated; 2. Both parties are well informed or well advised, and acting in what they consider their own best interests; 3. A reasonable time is allowed for exposure in the open market; 4. Payment is made in terms of cash in U.S. Dollars or in terms of financial arrangements comparable thereto; and 5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. [Source: OCC, 12 CFR Part 34, Subpart C-Appraisals, 34.42 Definitions (g)] Based upon the investigations undertaken, the analyses made, and upon our experience as real estate appraisers, we have formed the opinion that, as of effective date of value, and subject to the premises, assumptions, limiting conditions, and certifications set forth within this report, the subject real estate has the following estimated value.
The estimated “as is” market value of the fee simple interest, as of May 3, 2019, is: THIRTY THOUSAND DOLLARS $ 30,000
The Restricted Appraisal Report which follows sets forth the results of the investigations and analyses, pertinent facts about the area and the subject property, comparable data, and the reasoning, in part, leading to the conclusions set forth. This report is also in compliance with Title XI of the Financial Institutions Reform Recovery and Enforcement Act of 1989 (FIRREA) and with FIRREA 12 CFR PART 323 regulations. This report complies with the Uniform Standards of Professional Appraisal Practice (USPAP) adopted by the Appraisal Foundation, whereby the Standards are procedures to be followed in performing an appraisal. Appraisal reports are based upon information contained within Standard 2-2(a).
Cordially, FRAZIER CAPITAL
Stephen K. Bethel, MAI, MA, MA, BA
Greg Moon, BA Senior Appraiser
Director
CA License No. AG013533 sbethel@fraziercapital.com Expiration Date: January 30, 2021
License No: AT3002681 gregory@fraziercapital.com Expiration Date: October 9, 2020
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