APPRAISAL REPORT CREDIT IDENTIFICATION CODE OR NUMBER

SECURITIZED CREDIT CODE OR NUMBER:

I.INFORMATION ON THE
FEE SCHEDULE
DEBTOR'S NAME CONTACT TELEPHONE

APPRAISAL COMPANY TASADOR APPRAISER NUMBER TELEPHONE

APPLICANT FINANCIAL INSTITUTION BRANCH CONTACT TELEPHONE

PROPERTY ADDRESS NUMBER FLOOR DPTO. LOCATION PROVINCE CP

CONSTITUENCY SECTION APPLE PLOT

PROPERTY IDENTIFICATION NUMBER TYPE OF PROPERTY INSPECTION DATE

TIME END OF APPRAISAL NEIGHBORHOOD / BUILDING NAME

II.DESCRIPTION OF THE
PROPERTY
TYPE OF CONSTRUCTION LIVING SPACE YEAR OF CONSTRUCTION

LOCATION QUALITY COMMERCIAL VALUE

OMALA oREGULAR oMEDIATE GOOD oEXCELLENT oBAD oREGULARo AVERAGE oMEDIATEGOOD or
EXCELLENT
AVERAGE MONTHLY PROPERTY TAXES TYPE OF ROOF ORIENTATION LUMINOSITY

QUALITY OF CONSTRUCTION QUALITY OF MAINTENANCE

oBAD oREGULAR -AVERAGE oGOOD oEXCELLENT oBAD oREGULAR oMEDIATE oGOOD
oGOODEXCELLENT
FINISHING DETAILS PARKING
oGARAGE oSEMI-COVERED GARAGE oDESCOVERED GARAGE
oBAD oREGULAR -MEAN oGOOD oEXCELLENT oDESCOVERED GARAGE
-NO OTHER
DO YOU HAVE COMMERCIAL SPACE (IF YES, PLEASE ADD DESCRIPTION) oYES NO
ROOMS (INDICATE QUANTITY) SERVICES COMFORTS
LIVING SERVICE BATHROOM TYPE HEATING DOUBLE CIRCULATION
oCENTRALINDIVIDUAL
oINEXISTING
DINING ROOM BEDROOMS AIR CONDITIONING SAUNA
oCENTRALINDIVIDUAL
oINEXISTING
LIVING - DINING ROOM SUITE HOT WATER POOL
oCENTRALINDIVIDUAL
oINEXISTING
KITCHEN - DINING ROOM SUITE AND DRESSING ROOM OTHER STORAGE / STORAGE
ROOM
DESKTOP BEDROOM AND DRESSING GENSET
ROOM
BE INTIMATE OTHER OTHER

PLAY ROOM TOTAL NUMBER OF ROOMS

LAUNDRY TERRACE

BATH BALCONY

TOILETTE PATIO

SERVICE BEDROOM PRIVATE PALIER

ADDITIONAL FEATURES:

ADVERSE CHARACTERISTICS / DEFICIENCIES:

OBSERVATIONS ON ITS STATE OF CONSERVATION:

BRIEF DESCRIPTION OF PLANNED IMPROVEMENTS (IF ANY):
 APPRAISAL REPORT

III. DESCRIPTION OF THE APARTMENT BUILDING / GATED COMMUNITY ( IF APPLICABLE)

NUMBER OF UNITS MAINTENANCE OF THE COMMON AREA CONDITION OF COMMON AREAS

AVERAGE MONTHLY EXPENSES PERCENTAGE OF EXPENSES COMMON EXPENSES TO BE INCURRED

BUDGETED MAJOR EXPENDITURES TYPE OF PARKING

NUMBER OF FLOORS LIFT NUMBER OF ELEVATORS SURVEILLANCE

-YES or
NO -ADAPTIVE or oSINO
INADEQUATE
BRIEF DESCRIPTION OF COMMON AMENITIES:

IV.DESCRIPTION OF THE LAND

TYPE / DESIGNATION OF ZONING SUPERVISORY AUTHORITY

TOPOGRAPHY PERIMETER SHAPE AND DIMENSIONS VISTA

DRAINAGE FLOOD RISK LAND (SQUARE METERS)

ADEQUATE or INADEQUATE oSIGNIFICANT oMINIMUM
THERE IS NO INFORMATION
QUALITY / CONDITION OF ACCESS ROADS

SERVICES
ELECTRICITY GAS TELEPHONE
PUBLIC oPRIVATE o NOCONNECTION PUBLIC oPRIVATE o oPUBLICPRIVATE o NOCONNECTION
NOCONNECTION
WATER CLOACA STORM DRAIN
PUBLIC oPRIVATE oNCONNECTED PUBLIC oPRIVATE o PUBLIC oPRIVATE o NOCONNECTION
oNONCONNECTION NOCONNECTION
OBSERVATIONS ON THE LOT:

IV.DESCRIPTION OF THE NEIGHBORHOOD

TYPE BUILT GROWTH RATE NEIGHBORHOOD WATCH

URBAN oSUBURBAN  MORE THAN 75 % or 25 - 75 GROWING or STABLE SERVICE

oRURAL oRURAL oLESS THAN 25 oSINO

PROPERTY VALUES DEMAND / SUPPLY TIME TO MARKET
oCRECIENTSTABLE oDECREASING OESCASA -BALANCED o LESS THAN 3 MONTHS o 3-6 MONTHS
OEXCESSSUPPLY - MORE THAN 6 MONTHS
HOME VALUES IN NEIGHBORING AREAS AGE OF DWELLINGS IN NEIGHBORING AREAS
FROM $ TO $ (TOTAL PRICE)
FROM $ TO $ (PER SQUARE METERS) FROM ___ TO ____ (IN YEARS)

LAND USE (%) MAJOR CHANGES IN LAND USE TYPICAL PARKING FACILITIES
__ %_ RESIDENTIAL __ % COMMERCIAL
__ __% INDUSTRIAL __ __ ____ OTHER  IMPROBABLE or PROBABLE or IN PROCESS (EXPLAIN)
CHARACTERISTICS OF THE NEIGHBORHOOD:

FACTORS INFLUENCING THE MARKETABILITY OF NEIGHBORHOOD PROPERTIES (PROXIMITY TO WORK AND ENTERTAINMENT VENUES,
JOB STABILITY, MARKET ATTRACTIVENESS, ETC.)

OBSERVATIONS ON MARKET CONDITIONS (TRENDS, EMPLOYMENT / MAJOR EMPLOYERS, OTHER FACTORS INFLUENCING THE VALUE OF REAL ESTATE)
 APPRAISAL REPORT

VI.COMPARABLES

COMPARABLE 1:

PRICE SALE OR QUOTATION DATE OF SALE OR QUOTATION TYPE OF PROPERTY

PROPERTY ADDRESS NUMBER FLOOR DPTO. LOCATION PROVINCE CP

TYPE OF CONSTRUCTION HOUSING AREA PRICE PER M² YEAR OF LAND SURFACE

CONSTRUCTION

COMPARISON OF CHARACTERISTICS
ANTIQUITY MAINTENANCE STATUS MARKETING PARKING
INFERIOR or EQUIVALENT oINFERIOREQUIVALENT oINFERIOREQUIVALENT INFERIOR or EQUIVALENT
oSUPERIOR oSUPERIOR oSUPERIOR oSUPERIOR
STATE OF CONSTRUCTION QUALITY OF LOCATION COMFORTS NUMBER OF ROOMS
oINFERIOREQUIVALENT oINFERIOREQUIVALENT oINFERIOR oINFERIOR
oSUPERIOR oSUPERIOR oEQUIVALENT oEQUIVALENT
SUPERIOR SUPERIOR
OBSERVATIONS ON SIMILARITIES OR DIFFERENCES WITH THE APPRAISED PROPERTY

VALUE OF THE APPRAISED PROPERTY IN RELATION TO THE COMPARABLE 1:

COMPARABLE 2:

PRICE SALE OR QUOTATION DATE OF SALE OR QUOTATION TYPE OF PROPERTY

PROPERTY ADDRESS NUMBER FLOOR DPTO. LOCATION PROVINCE CP

TYPE OF CONSTRUCTION HOUSING AREA PRICE PER M² YEAR OF LAND SURFACE

CONSTRUCTION

COMPARISON OF CHARACTERISTICS
ANTIQUITY MAINTENANCE STATUS MARKETING PARKING
oINFERIOR oINFERIOREQUIVALENT oINFERIOREQUIVALENT oINFERIOR
oEQUIVALENT oSUPERIOR oSUPERIOR oEQUIVALENT
-SUPERIOR -SUPERIOR
STATE OF CONSTRUCTION LOCATION QUALITY COMFORTS NUMBER OF ROOMS
oINFERIORQUIVALENT oINFERIOREQUIVALENT oINFERIOR oINFERIOR
oSUPERIOR oSUPERIOR oEQUIVALENT oEQUIVALENT
-SUPERIOR -SUPERIOR
OBSERVATIONS ON SIMILARITIES OR DIFFERENCES WITH THE APPRAISED PROPERTY:

VALUE OF THE APPRAISED PROPERTY IN RELATION TO THE COMPARABLE 2:

 APPRAISAL REPORT

VI.COMPARABLES(continued)

COMPARABLE 3:

PRICE SALE OR QUOTATION DATE OF SALE OR QUOTATION TYPE OF PROPERTY

PROPERTY ADDRESS NUMBE FLOOR DPTO. LOCATION PROVINCE CP

R 2000
TYPE OF CONSTRUCTION HOUSING AREA PRICE PER M² YEAR OF LAND SURFACE
CONSTRUCTION

COMPARISON OF CHARACTERISTICS
ANTIQUITY MAINTENANCE STATUS MARKETING PARKING
oINFERIOREQUIVALENT oINFERIOREQUIVALENT oINFERIOREQUIVALENT oINFERIOR
oSUPERIOR oSUPERIOR oSUPERIOR oEQUIVALENT
SUPERIOR
STATE OF CONSTRUCTION LOCATION QUALITY COMFORTS NUMBER OF ROOMS
oINFERIOREQUIVALENT oINFERIOREQUIVALENT oINFERIOREQUIVALENT oINFERIOREQUIVALENT
oSUPERIOR oSUPERIOR oSUPERIOR oSUPERIOR
OBSERVATIONS ON SIMILARITIES OR DIFFERENCES WITH THE APPRAISED PROPERTY:

VALUE OF THE APPRAISED PROPERTY IN RELATION TO THE COMPARABLE 3:

VII. VALUATION

ESTIMATED MARKET VALUE (AS IS) VALUE UPON COMPLETION (IF IMPROVEMENTS ARE DATE OF APPRAISAL
TOTAL VALUE $ ( PER M²) PLANNED)
$___ ___ TOTAL VALUE $___ ___ (PER SQ. M.)

COMPONENTS TOTAL SQUARE METERS PRICE PER M² ($) TOTAL $ $

LAND

COVERED SURFACE

SEMI-COVERED SURFACE

UNCOVERED SURFACE

PARKING

COMFORTS

STORAGE / STORAGE ROOM

OTHER

TOTAL

EXPRESS OPINION OF THE VALUE IN RELATION TO COMPARABLES:

ADDRESS OF THE APPRAISED PROPERTY PROPERTY INSPECTED

 YES or NO
NAME TASADOR NAME OF SUPERVISING APPRAISER (IF APPLICABLE)

SIGNATURE: DATE: SIGNATURE: DATE:

 APPRAISAL REPORT

THE APPRAISER CERTIFIES AND STATES THE FOLLOWING:

1 - I performed this appraisal in accordance with the appraisal standards required by the BCRA. through its communication "A" 2563
2 - I have indicated in the appraisal report all adverse situations (such as necessary repairs, depreciation, the presence of hazardous waste, toxic substances,
etc.) observed during my inspection of the property in question.
3 - I have researched the commercial area and selected a minimum of three recent sales or quotes of properties very similar and close to the subject property
as comparables in the valuation analysis.
4 - I have taken into account all known factors affecting the value in my estimation of the values detailed in item. VII of the appraisal report. I have not
knowingly withheld any material information in the appraisal report and believe, to the best of my knowledge and belief, that all information and statements
contained in the appraisal report are true and correct.
5 - I included in the appraisal report only my personal analysis, opinions and conclusions, which are unbiased and professional.
6 - I have no current or probable interest in the property that is the subject of this report, and I have no current or probable personal interest or detriment
with respect to all participants in the transaction.
7 - I was not required to report a default value or any trend in value that favored the cause of the related party client. I did not base the appraisal report on a
required minimum appraisal, a specific appraisal, or the need to approve a specific mortgage loan.
8 - I personally inspected the interior and exterior of the subject property areas and the exterior of all properties listed as comparable in the appraisal report. I
noted any known or apparent adverse conditions on the improvements at the subject site of which I am aware and have made adjustments for these adverse
conditions in my analysis of the value of the property.
9 - I personally prepared all the conclusions and opinions about the real estate contained in this appraisal report. If I relied on the assistance of any
professional(s) in the preparation of the appraisal or the preparation of the appraisal report, I certify that the persons named are qualified to perform the
tasks.

- A MAP SHOWING THE LOCATION OF THE PROPERTY IS ATTACHED.

- ATTACHED ARE TWO PHOTOGRAPHS OF THE PROPERTY IN QUESTION (ONE INCLUDING STREET VIEW).

- A PHOTOGRAPH OF EACH COMPARABLE IS ATTACHED

- COMPLEMENTARY PHOTOGRAPHS ARE ATTACHED (OPTIONAL)

- SUPPLEMENTARY SHEETS (OPTIONAL) ARE ATTACHED.

LOCATION SKETCH
 APPRAISAL REPORT
Concluding remarks:

TASACION No.
PHOTOGRAPHS AND PLANS
PHOTOGRAPHS OF THE PROPERTY IN QUESTION
( INCLUDING A STREET SCENE )
 APPRAISAL REPORT

TASACION No.
PHOTOGRAPHS AND PLANS

COMPARABLE 1:

COMPARABLE 2
COMPARABLE 3