EFTA00787768Set 9
2007-06-30216p60,031w
HOLDINGS, LLC
717 Fifth Avenue, 18th Floor
New York, NY 10022
AND
Cassandra P. Webster-Hodge
Assistant Vice President
BANCO POPULAR VIRGIN ISLANDS
St. Thomas, VI 00801
VALUATION & ADVISORY SERVICES ... HOLDINGS, LLC
717 Fifth Avenue, 18th Floor
New York, NY 10022
AND
Cassandra P. Webster-Hodge
Assistant Vice President
BANCO POPULAR VIRGIN ISLANDS
St. Thomas, VI 00801
RE: Appraisal ... Thomas, County, USVI
CBRE File No 07-396OR-0510
Dear Ms. Webster-Hodge:
At your request and authorization, CBRE hos prepared an appraisal of the market value
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