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2018-976510-002 - GRACE PALAGANAS/APPLEBERRY CORP.

VACANT LOT

Request Type : Re-Appraisal - Desk Previous Control Number : 2017-653019

Other CAS Control Number :

GRACE
PALAGANAS/APPLEBERR Control Number : 2018-976510-002

Printed By: Vicente N. Borjal Jr.

Y CORP. Processed Date : 07/04/2018
Lot 159-B-5 East Service Road, Alabang,
Requesting Party : Jacqueline F. Wong
Muntinlupa City, Metro Manila
Requesting Unit : Combank MM West

Co-Requester :

CIF :

Risk Rate Name : New

Risk Classification Name : New

Summary of Valuation

Printed Date: 04/05/2019

Area (sqm.) Value per (sqm.) Market Value

Land 12,331.00 33,000.00 PhP 406,923,000.00

Improvements 0.00 PhP 0.00

Market Value PhP 406,923,000.00

Appraised Value-Land PhP 325,538,400.00
Appraised Value-Improvement PhP 0.00

Internal Bank Appraised Value 80.0000 % PhP 325,538,400.00

Total Loan Value 60.0000 % PhP 195,323,040.00

Property Description

Actual Use of Property : Vacant Lot

Property Location / Notable : Please refer to previous external report

Landmarks
Lien / Encumbrances : Please refer to disclosure portion

Registered Owner : Appleberry Corporation

Occupant/Type : Others Remarks : Time Cargo - per previous report

Classification per TD :

Zonal Values : 0.00 per sqm. BIR Zonal Valuation Revision :

Neighborhood : Please refer to previous external report

Highest & Best Use : Industrial Property

For BDO Internal Use Only Printed Date : 04/05/2019

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Type of Mortgator : First Party Third Party

With Road Right of Way : Yes No

With Encumbrance : Yes

Registered Amount : 0.00

Occupant/s : Yes No

Market Valuation

Land

Printed By: Vicente N. Borjal Jr.

OCT/TCT Gross Area Deduction Net Area (sqm.) Unit Value (Php/sqm.)
Description Value
(sqm.) (sqm.)
014-2017001365 Lot 159-B-5, (LRC) 12,331.00 0.00 12,331.00 33,000.00 406,923,000.00
PSD-325903
Total Land Value 406,923,000.00

Improvements

Remaining Life Eco. Life

Kind of Improvement Area (sqm.) CRN(Php/sqm.) Total Market Value
(in Years) (in Years)

Printed Date: 04/05/2019

Total Improvement Value 0.00

Conclusion/Remarks

Acceptability
Acceptability : Acceptable as Collateral subject to policy/appraisal conditions or management approval

Deviations

Disclosure
1. Market Value Justification:
Sales Data No. 1 = P35,000/m2
= less 10% (discount)
= plus 5% (inferior in lot size)
= plus 10% (inferior in location)
= P36,750/m2

Sales Data No. 2 = P30,740.85/m2

= less 10% (discount)
= less 5% (superior in lot size)
= plus 10% (inferior in location)
= P29,203.81/m2

Average of Sales Data = P32,976.91 or say P33,000/m2

2. Annotated on the CTC of title dated 06/27/18 are the ff:

a. The Provision of Sec. 4, Rule 74 of the Rules of Court...
b. Entry No. 2016008086 - Liabilities under Sec. 4 Rule 74....
c. Entry No. 2016008087 - Liabilities under Sec. 4 Rule 74....
(Please see attached CTC of title for the complete details)

3. Increase in land value is attributed to the recent market survey within the immediate vicinity.
For BDO Internal Use Only Printed Date : 04/05/2019
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4. No copy of Tax Declaration for land was submitted.
5. All others remarks and exceptions noted in previous appraisal report are still applicable.
However, please disregard if already complied with.

Property & Site Description

Basis of Identification
Home Owners Association Tax Mapping LRA/BL Office Subdivision Map Lot Configuration

Physical Characteristics

Printed By: Vicente N. Borjal Jr.

Shape : Elevation : Road : Frontage :

Depth :

Site Improvements
Street : Sidewalk : Curb/Gutter : Street Lights :

Description of Improvements

Printed Date: 04/05/2019

Community Facilities & Utilities

Utilities
Electricity : Water : Telephone :

Drainage : Garbage :

Transportation
Jeepney Bus Taxi/Private Only Tricycle Others :

Facilities
Recreation Facilities Security Clubhouse Swimming Pool Others :

Neighborhood
Community : Classification : Occupancy :

Adverse : Growth Rate :

Boundaries
Right : Rear :

Left : Front :

Basis of Valuation

Sales Data

Remarks/ House#/Condo S u b d i v i s i o n
Comp Date City/Municipality Province Area(sqm) Price/Value Source
Description Name/Street / B a r a n g a y

For BDO Internal Use Only Printed Date : 04/05/2019

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Mr. TJ
Villanuev
a/Pinnacl
Along East Brgy. Metro
1 07/02/2018 lot for sale Muntinlupa City 16,900.00 35,000.00 e/Sales
Service Road Cupang Manila
Person
/859-
1045
Mr. TJ
Villanuev
Along East
a/Pinnacl
Service Road Brgy. Metro
2 07/02/2018 lot for sale Muntinlupa City 9,759.00 30,740.85 e/Sales
across Don Cupang Manila
Person
Jesus Blvd.

Printed By: Vicente N. Borjal Jr.

/859-
1045
Internal Bank Appraisal Data

Comp Date Location Area(sqm) Price/Value Source

2017-
631593 /
A-RKC Grocery Store,National Rd. cor Montillano St.,Brgy. Alabang,
1 04/18/2018 322.00 41,000.00 ROMME
Muntinlupa City
L L.
ABANTO
2018-

Printed Date: 04/05/2019

831684/
BATAAN
2 05/29/2018 Lot 27-F-1, West Service Road-SLEX, Brgy. Cupang, Muntinlupa City 600.00 33,000.00 AUTOM
OTIVE
RE-MFG
CORP.
Other Research

Comp Date Location Area(sqm) Price/Value Source

Variance Analysis

Previous Bank Appraisal

Comparison of Values Current Bank Appraisal Amount %
11/21/2017
Land 345,268,000.00 406,923,000.00 61,655,000.00 17.8500

Building & Other Improvement 0.00 0.00 0.00 0.0000

Machinery 0.00 0.00 0.00 0.0000

Others 0.00 0.00 0.00 0.0000

Total 345,268,000.00 406,923,000.00 61,655,000.00 17.8571 %

This is to certify that the valuation has been performed in accordance to Philippine Valuation Standard (PVS) in compliance to General
Accepted Valuation Principles (GAVP) and adherence to IVS Code of Conduct for Secured Lending Purposes.

For BDO Internal Use Only Printed Date : 04/05/2019

Prepared by: Reviewed/Approved by: Approved by:

Date Report Approved : 07/04/2018 Date Report Approved : 07/04/2018

Ferdinand G. Garcia Bernabe L. Tabile Ferdinand A. Bocobo

Printed By: Vicente N. Borjal Jr.

CI/APPRAISAL - MM

Printed Date: 04/05/2019