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Appraisal - 2024-11-23 - 84 Madison Avenue, Albany, NY 12202.pdf

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Schumacher Appraisals File No. 2411-00332 APPRAISAL OF Multi Family Residence LOCATED AT: 84 Madison Ave Albany, NY 12202 FOR: Park Place Finance, LLC 7000 N Mopac Ste 200-41 Austin, TX, 78731 BORROWER: Wesley Babcock AS OF: November 23, 2024 BY: Scott Schumacher Certified Residential Appraiser Cohoes, New York 12047 Schumacher Appraisals File No. 2411-00332 November 25, 2024 Exactus Appraisal Management, LLC Park Place Finance, LLC 7000 N Mopac Ste 200-41 Austin, TX, 78731 File Number: 2411-003

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Schumacher Appraisals

File No. 2411-00332

APPRAISAL OF

Multi Family Residence

LOCATED AT:
84 Madison Ave
Albany, NY 12202

FOR:
Park Place Finance, LLC
7000 N Mopac Ste 200-41
Austin, TX, 78731

BORROWER:
Wesley Babcock

AS OF:
November 23, 2024

BY:
Scott Schumacher
Certified Residential Appraiser

Cohoes, New York 12047

Schumacher Appraisals

File No. 2411-00332

November 25, 2024

Exactus Appraisal Management, LLC
Park Place Finance, LLC
7000 N Mopac Ste 200-41
Austin, TX, 78731

File Number: 2411-00332

Dear Sir or Madam,

In accordance with your request, I have appraised the real property at:
84 Madison Ave
Albany, NY 12202

The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the market value of the property as of November 23, 2024

is:

$261,000
Two Hundred Sixty-One Thousand Dollars

The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, limiting conditions and appropriate certifications.

Very Truly Yours,

Scott Schumacher
Certified Residential Appraiser

Cohoes, New York 12047