Quintas de Coamo, Coamo

IMC Development, Corp.

HF Mortgage Bankers

INFORMATION AS OF 02/13/2005

PROPOSED SUBDIVISION COMPRISING 200 ONE STORY SINGLE FAMILY DETACHED RESIDENTIAL UNITS. LOCATED SOUTH FROM SR# 702, KM 3.6, APPROXIMATELY 1 MILE SOUTH FROM NEW MAIN ROUTE SR # 138, COAMO MUNICIPALITY. THERE ARE NO APPARENT ADVERSE FACTORS WHICH COULD AFFECT THE SUBJECT'S MARKETABILITY. THE PROJECT CONFORMS TO THE SURROUNDING DEVELOPMENTS. SUBJECT PROPERTY IS AT A REASONABLE DISTANCE FROM ALL NECESSARY SUPPORTING FACILITIES INCLUDING SCHOOLS, SHOPPING, RECREATION, AND EMPLOYMENT CENTERS. OWNER OCCUPANCY IS PREDOMINANT.

OMAR MONTALVO, CRA, MBA