david r zaro bar no 124334) michael r. fa~ll (b~ … · allen matkins leck gamble ... __ jsurtace...

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28LAW OFFICES

Allen Matkins Leck GambleMallory & Natsis LLP

DAVID R ZARO BAR NO 124334)MICHAEL R. FA~LL _(B~ NO. 173831)ALLEN MATKINS LECK GAMBLE

MALLORY & NATSIS LLP515 South Figueroa Street, Ninth FloorLos Angeles, California 90071-3309Phone: .(213) 622-5555Fax: (213) 620-8816 .E-Mail: [email protected]

mfarre-ll@allenmatkins, corn

JEFFREY R. PATTERSON (BAR NO. 126148)TED FATES (BAR NO. 227809)ALLEN MATKINS LECK GAMBLE

MALLORY & NATSIS LLP501 West Broadway~ 15th FloorSan Diego, California 92101-3541Phone: .(_619) 233-1155Fax: (619) 233-1158E-Mail: jt~atterson@allen, matkins.com

[email protected]

Attorneys for Receiver Thomas A. Seaman

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA

SOUTHERN DIVISION

SECURITIES AND EXCHANGECOMMISSION,

Plaintiff,

MEDICAL CAPITAL HOLDINGS,INC.; MEDICAL CAPITALCORPORATION; MEDICALPROVIDER FUNDINGCORPORATION VI; SIDNEY M.FIELD; and JOSEPH J.LAMPARIELLO,

Defendants.

Case No. 8:09-cv-0818-DOC (RNBx)

DECLARATION OF STEVE A.SMITH IN SUPPORT OF MOTIONFOR ORDER (A) APPROVING SALEOF UNDEVELOPED NEWPORTBEACH PROPERTY FREE ANDCLEAR OF LIENS, AND(B) APPROVING REAL ESTATEBROKER’S COMMISSION

Date: January 11, 2010Time: 8:30 a.m.Ctrm: 9DJudge: Hon. David O, Carter

I, Steve A. Smith, declare as follows:

734812.01/SD

Case 8:09-cv-00818-DOC-RNB Document 145-4 Filed 12/18/2009 of 12

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28LAW OFFICES

Allen Matklns Leck GambleMallory & Natsis LLP

1. I was engaged by Thomas Seaman to perform an appraisal of 118 39th

gt., Newport Beach, California (the "Property"). The following facts are within my

knowledge and if called as a witness I would testify to them under oath.

2. I hold a Bachelor of Science degree in Geology from the University of

Colorado at 13oulder (1984). I have been an appraiser in the State of California

since 1988. My Office of Real Estate Appraisers (OREA)license number is

AR01512. I have owned and operated my own appraisal firm since 1.988,

specializ’mg in the valuation of residential properties for individuals and institutions.

3. I have no vested interest in the valuation of the Property or the

Property’s sales price because, among other reasons, (A) I am not a creditor, an

equity security holder, or an insider of the Receivership Entities; (B) I am not

currently :and have never been. a director, officer, or employee of any of the

Receivership Entities; and (C) I do not have an interest materially adverse to the

Receivership Entities by reason of any direct or indirect relationship to, connection

with, or interest in, the-Property, or for any other reason.

4. Attached hereto as Exhibit A is a tree and correct copy of the: appraisal

report I prepared for the Property. In my report, I estimate the value of the Property

at $850,000.

I declare under penalty of perjut)’ that the foregoing is true and correct.

Executed on December 18, 2009, at Irvine, Caliform.~</f

734812.01/8D -2-


EXHIBIT A


LAND APPRAISAL REPORT

Borrower 2100 VENTURES LLCProperty Address 118 39TH STREETCity NEWPORT BEACH County ORANGELegal Description RIVER SECTION eLK 38 LOT 10 SEE TITLE REPORTSale Price $ NOT A SALE Date of Sale 12-5-091NSI Loan Term N/A yrs.Actual Real Estate Taxes $10 187.70 (yr) Loan charges to be paid by seler $ N/ALender/Client THOMAS SEAMAN COMPANY Address 3Occupant VACANT LAND Appraiser STEVE A SMITH

Census Tract 0626.32

JMain File No. J-1!-091 Puqe #11J-11-09

FiFe No. J-11-09Map Reference 888 G7

State CA Zip Code 92663

Property Rights Appraised [] Fee [] Leasehold []Other sales concessions N/A

CA 92614Instructions to Appraiser MARKET VALUE ~S BUILDABLE SITE

Location [] Urban [] Suburban [] RuralBuilt Up [] Over 75% [] 25% to 75% [] Under 25%Growth Rate [] Fully Dev. [] Rapid [] Steady [] SlowProperty Values [] Increasing [] Stable [] DecliningDemand/Supply [] Shortage [] th Balance [] OversupplyMarketing Time [] Under 3 Mos. [] 4-6 Mos. [] Over 6 Mos.Present Land Use 85.~ 1 Famly___5.5% 2-4 Famly __% Apts. 5_...__% Condo.._.~5% Commercial

% IndustriaL.__% Vacant ____%Change in Present Land Use [] Not Likely [] Likely (*) [] Taking Place (*)

(*) From ToPredominant Occupancy [] Owner [] Tenant 1% VacantSingleFamly PriceRange $ 750000 to$10 MIlL PredominantValue$ 1 500000Single Famlly Age NEW yrs.to 80 yrs. PredomlnantAge_ 30yrs.

Good Avg. Fair PoorEmployment Stabtiity [] [] [] []Convenlenceto Employment [] [] [] []Convenience to Shopping [] [] [] []Convenience to Schools [] [] [] []Adequacy of Public Transportation [] [] [] []

Recreational Facilities [] [] [] []Adequacy ofUllties [] [] [] []Propedy Compatibilly [] [] [] []Protection from Detrimental Conditions [] [] [] []Police and Fire Protection [] [] [] []General Appearance of Properles [] [] [] []Appeal to Manet [] [] [] []

Comments Incl!ding those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise);SUBJECT IS LOCATED IN THE CITY OFNEWPORT BEACH IN COASTAL ORANGE COUNTY. FREEWAYACCESS IS LOCATED TO THE NORTH APPROX. 5 MILESSCHOOLS AND SHOPPING ARE WITHIN A 2 MILE RADIUS.THE SUBJECTS SITE IS A FLAT INTERIOR LOT WITH THE PACIFICOCEAN AND PUBLIC BEACHES WITHIN 1 BLOCK.Dimensions 25 X 85 = 2,125 Sq. Ft. or Acres ~ Corner LotZoning classification R- 2 RESIDENTIAL MULTI FAMILY Present Improvements [] do [] do not conform to zoning regulationsHighest and best use [] Present use _~ Other (specify) ~ BUILT OUT 2 UNITS

Public Other (Describe) [- OFF SITE IMPROVEMENTS ITopo LEVELFlee. [] ~ ISteetAccass [] Public [] Private Slze, TYPICALBus [] __ JSurtace CONCRETE IShap~GULARWater [] ~ I Mainten~ ~vate IView _N~OWN STREET)San. Sewer [] | [] Storm Sewer [] Curb/Guler Drainage ADEQUATE

Comments (favorable or unthvorsbla Including any apparent adverse easemenls, encroaehments, or other adverse condilons): SUBJECT IS AN INTERIOR SITE WHICHBACKS AND SIDES TO SIMILAR SITES. SUBJECT SITE IS FLAT WITH ROOFTOP VIEWS DOWN STREET TO OCEAN.

11]e undersigned has recited throe recent sales oI properlies most similar and proximate to subject and has couslderad these in the market analysis. 1t]e descdplon includes a dollaradjustment refleclng market reacgon to those items of significant vadagon between the subject and comparable prepares, If a significant gem in the comparable properly is superiorto or mon] thvurable than the subject property, a minus (-) adjustment is made thus reducing the indicated value of subject; il a sige~cant item in the comparable is thfedor to or lessfavorable than the subject property, a plus (+) adjustment is made ~us increasing the indicated value of the subject.

I ITEM 1 SUBJECT PROPERTY COMPARABLE NO. 1Address 118 39TH STREET 210 43RD STREET

NEWPORT BEACH NEWPORT BEACHU Proximity to Subject~ Sales Price $ NOT A SALE ~..b..~:~,;~!~3~i $ 790,000

~J~ Data Source INSPEC./PUB REC MLS#$528413/DQ/P.R.

~Date of Sale and DESCRIPTION DESCRIPTION !+(-}$ Adiust.Time Adiustment 12-5-09 INSP 8-7-2008 -50,000Location GOOD GOODSlte/V]ew 2,125 SF+- 2,429 SF+-+ ;

ROOFTOP VIEWS ROOFTOP VIEWS ’,DOC#378320

Sales or Financing N/A N/A~ Concessions

COMPARABLE NO. 2 .COMPARABLE NO. 3119 44TH STREET 403 40TH STREETNEWPORT BEACH NEWPORT BEACH

MLS#S513161/DQ/PRDESCRIPTION

6-26-2008GOOD2,550 SF+-ROOFTOP VIEWSDOC#307530TEAR DOWN HM

N/A

Comments on Market Data:

817,000

MLS#S591168/DQ/INSP.t+(-)$ Adiust DESCRIPTION 1 +(-)$ Adlust.

-50~000 9-25-2009INFERIOR ; +50,0002,700 SF+- "ROOFTOP VIEWS !DOC#510719

-25,000 TEAR DOWN HM ’, -25,000

BANK OWNED ! +25,000

-75,ooo r~+ r-I,,-is 5o,ooo

925,000 ’~,~.~-~’~:~.~!~.~.~.:,,.~ ~, 867,000

Comments and Conditions of Appraisal: APPRAISAL IS MADE AS-IS.DIGITAL SIGNATURES WERE APPLIED IN THIS APPRAISAL REPORT. ALL SIGNATURES ARE TRUE AND CORRECT. THIS REPORTCAN NOT BE AMENDED BY ANYONE OTHER THAN THE APPRAISER AS IT IS RELEASED IN A LOCKED FORMAT.

Fthal Reconcilation: SALES COMPARISON APPROACH IS THE MOST WIDELY USED APPROACH FOR LAND SALES AND IS GIVEN MOSTWEIGHT. THE INCOME APPROACH IS NOT USED DUE TO LACK OF DATA FOR VACANT RENTAL SITES. THE COST APPROACH ISNOT VALID AS NO E COST HAS INCURRED.

~ I~ DEFINEg, OF SUBJECT PROPERTY AS OF 12-5-2009 19.__ to be $ 850,000

N/A [] Did [] lid Not Physically Inspect PropertyReview Appraiser ~if applicable)

Smith and Associates (g4g)-EgE-0552Form LND ~"WinTOTAL" appraisal solware by ala mode, Inc. = 1-800-ALAMODE


LAND APPRAISAL REPORTMARKET DATA ANALYSIS

ITEM J SUBJECT PROPER~Address 118 39TH STREET

NEWPORT B~AC~Proximity to SubjectSales Price $ NOT A SALE

~Pdce $

~Data Source INSPEC./PUB RECDate of sale and DESCRIPTION DESCRIPTION

~TIme Adiustment 12-5-09 INSP 12-2-2009~ Location GOOD INFERIOR~ Site/View 2~125 SF+- 2~850 SF+-

ROOFTOP VIEWS ROOFTOP VIEWSDeC#TO FOLOTEAR DOWN HM

Sales or Financing N/A SHORT SALE~ Concessions "~NatAdj. (Total) ~,~i~’!’;’~;~’~%~:~’;~ ~:’ ~] + [ ! - iS

COMPARABLE NO. 4 COMPARABLE NO. 5407 39TH STREETNEWPORT BEACH

MLS#S575886/DQ/INSP.

-25,000

+25,000!

DESCRIPTION I+1-)$ Adjust.

IMain File No. J-11-091 Pa~e #21

J-11-09File No. J-11-09

~ COMPARABLEN0. 6

DESCRIPTION I +(-)$ Adiust.

~+ ~- ’:$

Comments: ALL COMPARABLES INCLUDED REPRESENT THE MOST RECENT AND RELEVANT DATA AVAILABLE FROM THE SUBJECTSMARKET AREA. COMP 1 IS THE MOST RECENT CLOSED SALE FOUND OF A "VACANT LOT". COMPARABLES 2-4 ARE INCLUDED ASCLOSED SALES OF SMALLER HOMES MARKETED AS "TEAR DOWNS OR FIXERS". ADJUSTMENTS MADE FOR POSSIBLE COST OF

COMPS 3 AND 4 ARE ADJUSTED FOR BANKED OWNED AND SHORT SALES. COMPS HAVE SIMILAR LOCATIONIMARE SIMILAR IN MARKETABILITY TO THE SUBJECT. NO RECENT CLOSED SALES WERE FOUND IN THE SUBJECT

ESTABLISHED NEIGHBORHOOD. TREND IN THE NEIGHBORHOOD IS TO TEAR DOWN OLDER HOMES AND "RE BUILD" (IN FILLINGNEW WITH THE HIGHEST OF QUALITY IN MATERIALS AND WORKMANSHIP. ALL COMPARABLES CONSIDERED WITH

EMPHASIS TO THE MID RANGE OF ADJUSTED COMPARABLES INCLUDED IN REPORT.

Form LND.(AC) -- "WinTOTAL" appraisal software by ele mode,-inc. -- 1-800-ALAMODE


Smith and Associates (949)-595-0552 IMain File No. J-11-09! Paqe__#_3.J

Borrower/Client 2100 VENTURES LLCPro~ertyAddress 118 39TH STREETCity NEWPORT BEACH County ORANGE State CALender THOMAS SEAMAN COMPANY

APPRAISAL AND REPORT IDENTIFICATION

File No. J-11-09

Zip Code 92663

This Appraisal Report is ~ of the following types:

[] Self Contained (A written report prepared under.Standards Rule 2-2(a) , persuant to the Scope of Work, as disclosed e/sewhere in this report.)[] Summary (A written report prepared under Standards Rule 2-2(b) , persuant to the Scope of Work, as disclosed elsewhere in this report.)

[] Resblcted Use (A written report prepared under Standards Rule 2-2(c), persuant to the Scope of Work, as disclosed elsewhere in this report,restricted to the stated intended use by the specified client or intended user.)

Comments on Standards Rule 2-3certify that, to the best of my knowledge and belief:

-- the statements of fact contained in this report are true and correct,-- the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting condigons and are my personal, impartial, and unbiasedprofessional analyses, opinions, and conclusions.-- I have no (or the specified) present or prospective interest in the property that is the subject of this report and no (or the specified) personal interest with respect to the parties

-- I have no bias with respect to the prope~ that is the subject of this report or to the parties involved with this assignment.-- my engagement in this assignment was not contingent upon developing or reporting predetermined results.-- my compensation fur completing this assignment is not contingent upon the development or reporting of a predetermined value or direction In value that favors the cause of theclient, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event direcUy related to the intended use of this appraisal.-- my analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice.-- I have (or have not) made a personal inspecgon of 1he property that is the subject of this report. (If more than one person signs this certification, the certification must clearlyspecify which individual~ did and which individuals did not make a personal inspection of the appraised property.)-- no one provided significant real prupe~ appraisal assistance to the person signing this certification. (If there are excepgons, the name of each lndivldua] providing signigcantreal property appraisal assistance must be stated.)

Comments on Appraisal and Report IdentificationNote any USPAP related Issues requiring disclosure and any state mandated requirements:NONE

APPRAISER:

Date Signed: 12-5-2009’ ~State Certification #: AR015124or State Ucense #:State: CAExpiration Date el Certification or License: 1/27/2011

Effective Date of Appraisal:

SUPERVISORY APPRAISER [only if required)-"

Signature:flame: N/ADate Signed:State Certification #:or State License #:State:Expiration Date of Certification or License:Supervisory Appraiser inspecgon of Subject Property:[] Did Not [] Exterior-only from street [] Intador and Extador

Form ID06 -- "WinTOTAL" appraisal software by ala mode, inc. -- 1-800-ALAMODE


MULTI-PURPOSE SUPPLEMENTAL ADDENDUMFOR FEDERALLY RELATED TRANSACTIONS

IMaln File No. J-11-O91 Paqe #4J

Borrower/C~ient 2100 VENTURES LLCPropertyAddrass 118 39TH STREETCity NEWPORT BEACHLender THOMAS SEAMAN COMPANY

Smith and Associates (949)-595-0552

County ORANGE State CA Zip Code 92663

This Multi-Purpose Supplemental Addendum for Federally Related Transactions was designed to provide the appraiser with a convenient way to comply with the currentappraisal standards and requirements of the Federal Deposit Insurance Corporation (FD1C), the Office of the Comptroller of Currency (0CC), The Office of ThriftSupervision (0TS), the Resolution Trust Corporation (RTC), and the Federal Reserve.

This Multi-Purpose Supplemental Addendum Is for use with any appraisal. Only thesestatements which have been checked by the appraiser apply to the property being appraised.

[] PURPOSE & FUNCTION OF APPRAISAL

The purpose of the appraisal is to estimate the market value of the subject property as defined herein. The function of tt~e appraisal is to assist the above-namedLender in evaluating the subject property for lending purposes. This is a federally related transaction.

[] EXTENT OF APPRAISAL PROCESS

[] The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property andneighborhood, and selection ol comparable sal~s within the subject market area. The original source ol the comparables is shown in the Data Source sectionof the market grid along with the source of confirmation, if available. The original source is presented first. The sources and data are considered reliable.When confticfing information was provided, the source deemed most reliable has been used. Data believed to be unreliable was not included in the report norused as a basis for the value codcluslon.

[] The Reproduction Cost is based on N/Asopplemented by the appraiser’s knowledge of the local market.

[] Physical depreciation is based on the estimated~ e.ffecfive age of the subject property. Functional and/or external depreciation, if present, is specificallyaddressed in the appraisal report or other addenda. In estimating the site value, the appraiser has relied on personal knowledge of the local market. This

knowledge ts based on prior and/or current analysis of site sales and/or abstraction of site values from sales of improved properties.[] The subject property is located in an area of pdmargy owner-occupied single family residences and the Income Approach is not considered to be meaningful.

For this reason, the Income Approach was not used.

[] The Estimated Market Rent and Gross Rent Mulfiplier utilized In the Income Approach arc based on the appraiser’s knowledge of the subject market area.The rental knowledge is based on pdor and/or current rental rate surveys of residential properties. The Gross Rent Mulfiptier is based on prior and/or currentanalysis of prices and market rates for residential properties.

[] For income producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to project future rents,

vacancies and expenses.

[] SUBJECT PROPERTY OFFERING INFORMATION

According to PUBLIC RECORDS AND MLS the subject properly:

[] has not been offered for sale in the past:. [] 30 days [] 1 year [] 3 years.[] S currengv offered for sale for $[] ~ for s.ale within the past: [] 30 days [] t year [] 3 years for $[] Offering information was considered in the final reconclliafion of value.[] Offering Information was not considered in the final reconctiiation of value.[] 0ffedng information was not available. The reasons for unavailability and the steps taken by the appraiser are explained later in this addendum.

[] SALES HISTORY OF SUBJECT PROPERTY

According to PUBLIC RECORDS the subject property:

[] Has not transferred [] in the past twelve months. [] in the past thirty-six months. [] in the past 5 years.[] ~ [] in the past twelve months. [] ln the past thtrty-six months. [] in the past 5 years.

[] All prior sales which have occurred in the past are listed below and reconctied to the appraised value, either in the body of the report or in the addenda.

JDate Sales Price Document # Seller Buyer

[] FEMA FLOOD HAZARD DATA

[] Subject pmperty ~ iq a FEMA Special Flood Hazard Area.[] Subject property ~ tn a FEMA Special Flood Hazard Area.

Zone FEMA Map/Panel #

X500 0602270381 H

Map Date Name of Community

2/18/2004 NEWPORT BEACH

The community does not DarticloaL~ in the National Rood Insurance Program.The community ~ in the National Rood Insurance Program.It is covered by a ~ program.It is covered by an ~ program.

Page 1 of 2

Form MPA3--"WinTOTAL" appraisal software by a la mode, fnc. -- 1-800-ALAMODE


IMain File No. J-11-091 Paqe #SJ

[] CURRENT SALES CONTRACT

[] The subject property Is c~rrenfiv not under contract.[] The contract and/or escrow instructions ’ v’ . The unavailability of the contract is explained later in the addenda section.

[] The contract and/or escrow instructions ~. The following summarizes the contract:

Contract Date Amendment Date Contract Price Seller

[] The contract indicated that personal property was not included in the sale.[] The contract Indicated that personal properly ~. It consisted ol

[] Personal propar~ was not included in the final value estimate.[] Personal property ~ In the final value estimate.[] The contract Indicated r~o financing concessions, or other incentives.[] The contract indicated thg tollowlnn concessions_ or incentives:

Estimated contributory value is $

that the final value conclusion is in compliance with the Market Value defined herein.

[] MARKET OVERVIEW tnclude an explanation of cu~ent market conditions and trends,

1-5 months is considered a reasonable marketing period for the subject property based on CURRENT MARKET TRENDS

[] ADDITIONAL CERTIFICATIONThe Appraiser cedifles and agrees that:

(1) The analyses, opinions and conclusions were developed, and thls report was prepared, in conformity with the Uniform Standards ol ProfessionalAppraisal Practice ("USPAP"), except that the Departure Provision of the USPAP does not apply.

(2) Their compensation is not contingent upon the reporting of predetermined value or direction In value that favors the cause of the client, the amountof the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event.

(3) This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan.

[] ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS

The value estimated is based on the assumption that the properb] is not negatively affected by the existence of hazardous substances or detrimentalenvironmental conditions unless otherwise stated in this report. The appraiser is not an expe[t in the identification of hazardous substances or detrimentalenvironmental conditions. The appraiser’s routine inspection of and inquiries aboutthe subject property did not develop any information that indicatedany apparent slgnlficant hazardous substances or detrimental environmental conditions which would affect the property negatively unless otherwise statedin this report. It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence ofhazardous substances or detrimental environmental conditions on or around the property that would negatively affect its value.

[] ADDITIONAL COMMENTS

DIGITAL SIGNATURES WERE USED IN THIS REPORT. 1 CERTIFY THAT THE SIGNATURES ARE TRUE AND CORRECT. THISAPPRAISAL IS RF! FASED IN A LOCKED FORMAT AND CAN NOT BE AMENDED BY ANYONE OTHER THAN THIS APPRAISER.

[] APPRAISER’S~ SIG ,,~,..~LIC EN S E/C ERTI F ICATION

Appraiser’s Signature ~,,~ ~ "~----~ Effective Data 12-5-2009~aPtreais(~r’As Name (,nnt)":’" ---’~’~-’" ~" ~]~T~ C~,, ~ion’~AR.~3.~ 1~4

Data Prepared 12-5-2009Phone # (949) 595-0552

Tax ID # N/A

[] CO-SIGNING APPRAISER’S CERTIFICATION

[] The co-signing appraiser has personally inspected the subject property, both inside and out, and has made an exterior inspection of all comparable saleslisted In the report. The report was prepared by the appraiser under direct supervision of the co-signing appralser. The co-signthg appraiser acceptsresponslbItity for the contents of the report including the value conclusions and the limiting conditions, and confirms that the certifications applyfully to the co-signing appraiser.

[] The co-signing appraiser has not personally Ir~ the interior of the subject properly and:[] h~s not insDected the exterior of the subject property and all comparable sales listed in the report.[] 11~ the exterior of the subject property and all comparable sales listed In the report.[] The repo~ was prepared by the appraiser un~ler direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the

contents of the report, including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the co-signingappraiser with the exception of the certification regarding physical inspections. The above describes the level of Inspection performed by theco-slgnlng appraiser.

[] The co-signing appraiser’s level of inspection, Involvement in the appraisal process and certification are covered elsewhere in the addenda sectionof this appraisal.

[] CO-SIGNING APPRAISER’S SIGNATURE & LICENSE/CERTIFICATION

Co-SigningAppraiser’s Signature Effective Date Data PreparedCo-Signlng Appraiser’s Name (print) N/A Phone #State [] License [] Certification # Tax ID #

Page 2 of 2

Form MPA3 -- "WinTOTAL" appraisal software by ala mode, inc. -- 1-800-ALAMODE


Plat MapIMaln File No. J-11-091 Paqe #61

13orrower/Client 2100 VENTURES LLCProperty Address 118 39TH STREETCity NEWPORT BEACH County ORANGE State CA Zip Code 92663Lender THOMAS SEAMAN COMPANY

Form MAP.PLAT-- "WlnTOTAL" appraisal software by a la mode, inc. -- 1-800-ALAMODE


Borrower/Client 2100 VENTURES LLCProperty Address 118 39TH STREETCity NEWPORT BEACHLender THOMAS SEAMAN COMPANY

IMain File No. J-11-09! Paae #71

Subject Photo Page

County ORANGE State CA Zip Code 92663

Subject Front118 39TH STREETSales Pdce NOT A SALEGross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocation GOODView 2,125 SF+-SiteQna!l~Age

Subject Rear

Subject Street

Form PICPIX.SR -- ’~VinTOTAL" appraisal software by a la mode, inc. -- 1-800-ALAMODE


Borrower/Client 2100 VENTURES LLCPropedyAddress 118 39TH STREET�ity NEWPORT BEACHLender THOMAS SEAMAN COMPANY

Comparable Photo Page

County ORANGE Stale CA

[Main File No. J-11-09~

Zip Code 92663 I

I

Comparable 1210 43RD STREETProx. to SubjectSales Price 790,000Gross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocation GOODView 2,429 SF+-+SiteQualityAoe

Comparable 2119 44TH STREETProx. to SubjectSales Price 1,000,000Gross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocation GOODView 2,550 SF+-SiteQualityAge

Comparable 3403 40TH STREETProx. to SubjectSales Price 817,000Gross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocation INFERIORView 2,700 SF+-SiteQualityAge

Form PICPIX.CR --"WinTOTAL" appraisal software by a la mode, inc. -- 1-800-ALAMODE


IBorrowedClient 2100 VENTURES LLCProperty Address 118 39TH STREETCity NEWPORT BEACHLender THOMAS SEAMAN COMPANY

Comparable Photo Page

County ORANGE

IMain File No, J-11-09) Paae #BJ

State CA Zip Code 92663

Comparable 4407 39TH STREETProx. to SubjectSales Price 705,000Gross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocation INFERIORView 2,850 SF+-SiteQualilyAgo

Comparable 5

Prox. to SubjectSales PriceGross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocationViewSiteQualityAge

Comparable 6

Prox. to SubjectSales PriceGross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocationViewSiteQualityAge

Form PICPIX.CR -- "WinTOTAL" appraisal software by a la mode, Inc. -- 1-800-ALAMODE


david r zaro bar no 124334) michael r. fa~ll (b~ … · allen matkins leck gamble ... __ jsurtace...

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