Praderas de Ceiba Norte, Juncos

Ceiba Norte Development Corp.

HF Mortgage Bankers

INFORMATION AS OF 05/07/2005

PROPOSED SUBDIVISION COMPRISING 223 ONE STORY SINGLE FAMILY DETACHED RESIDENTIAL UNITS. LOCATED SOUTH FROM SR# 935 APPROXIMATELY 1 MILE NORTH FROM MAIN ROUTE SR# 30, JUNCOS 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