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HOUSE_OVERSIGHT_018806.jpg
1.23 MB
Extraction Summary
1
People
7
Organizations
4
Locations
1
Events
3
Relationships
2
Quotes
Document Information
Type:
Property appraisal letter
File Size:
1.23 MB
Summary
This document, dated December 15, 2015, is a cover letter from appraisal firm Integra Realty Resources to Roberto A. Soltero, a Vice President at Banco Popular de Puerto Rico. The letter accompanies a market value appraisal of the IGY American Yacht Harbor Marina in St. Thomas, USVI, conducted for commercial credit administration purposes. This connects Banco Popular, a bank known to have been used by Jeffrey Epstein, with a major marina in the U.S. Virgin Islands where Epstein had his primary residence and operations.
People (1)
| Name | Role | Context |
|---|---|---|
| Roberto A. Soltero | Vice President |
Recipient of the appraisal letter, representing the client, Banco Popular de Puerto Rico.
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Organizations (7)
| Name | Type | Context |
|---|---|---|
| Integra Realty Resources - Caribbean (IRR) |
The appraisal firm that prepared and submitted the market value appraisal.
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| Banco Popular de Puerto Rico |
The client for whom the appraisal was conducted, for the purpose of 'Commercial credit administration'.
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| IGY American Yacht Harbor Marina |
The property that is the subject of the market value appraisal.
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| Appraisal Institute |
An organization whose standards of practice the appraisal conforms to.
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| American Society of Appraisers |
An organization whose standards of practice the appraisal conforms to.
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| RICS (Royal Institution of Chartered Surveyors) |
An organization whose valuation standards the appraisal conforms to.
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| HOUSE_OVERSIGHT |
The source identifier at the bottom of the page, likely referring to the U.S. House of Representatives Committee on O...
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Timeline (1 events)
2015-12-15
Submission of a market value appraisal for the IGY American Yacht Harbor Marina property.
St. Thomas, U.S. Virgin Islands
Integra Realty Resources - Caribbean
Banco Popular de Puerto Rico
Locations (4)
| Location | Context |
|---|---|
|
The property being appraised.
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Location of the appraised property and the Integra Realty Resources office.
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Office address of the appraisal firm.
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Mailing address for Roberto A. Soltero at Banco Popular de Puerto Rico.
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Relationships (3)
The letter states that Integra Realty Resources is submitting an appraisal to its client, Banco Popular de Puerto Rico.
He is listed as Vice President of Banco Popular de Puerto Rico.
The appraisal was conducted for 'Commercial credit administration' related to the marina, implying a lending or financial relationship.
Key Quotes (2)
"The purpose of the appraisal is to develop an opinion of the market value of the leased fee (going concern) interest in the property."Source
HOUSE_OVERSIGHT_018806.jpg
Quote #1
"The client for the assignment is Banco Popular de Puerto Rico, and the intended use is for Commercial credit administration."Source
HOUSE_OVERSIGHT_018806.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,892 characters)
Integra Realty Resources
Caribbean
6500 Red Hook Plaza Suite 201
St. Thomas, VI 00802
U.S. Virgin Islands
T 340-714-7325
T 844-952-7304
caribbean@irr.com
www.irr.com
Caribbean
6500 Red Hook Plaza Suite 201
St. Thomas, VI 00802
U.S. Virgin Islands
T 340-714-7325
T 844-952-7304
caribbean@irr.com
www.irr.com
irr.®
December 15, 2015
Roberto A. Soltero
Vice President
Banco Popular de Puerto Rico
PO Box 362708
San Juan, PR 00936-2708
Vice President
Banco Popular de Puerto Rico
PO Box 362708
San Juan, PR 00936-2708
SUBJECT: Market Value Appraisal
IGY American Yacht Harbor Marina
18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay
East End Quarter, St. Thomas, Virgin Islands
Client Reference: 23559
IRR - Caribbean File No. 172-2015-0181
IGY American Yacht Harbor Marina
18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay
East End Quarter, St. Thomas, Virgin Islands
Client Reference: 23559
IRR - Caribbean File No. 172-2015-0181
Dear Mr. Soltero:
Integra Realty Resources – Caribbean is pleased to submit the accompanying appraisal of the referenced property. The purpose of the appraisal is to develop an opinion of the market value of the leased fee (going concern) interest in the property. The client for the assignment is Banco Popular de Puerto Rico, and the intended use is for Commercial credit administration.
The appraisal is intended to conform with the Uniform Standards of Professional Appraisal Practice (USPAP), the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers, the RICS Valuation Professional Standards, the International Valuation Standards, applicable jurisdictional appraisal regulations, and the appraisal guidelines of Banco Popular de Puerto Rico. The appraisal is also prepared in accordance with the appraisal regulations issued in connection with the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA).
To report the assignment results, we use the Appraisal Report option of Standards Rule 2-2(a) of USPAP. As USPAP gives appraisers the flexibility to vary the level of information in an Appraisal Report depending on the intended use and intended users of the appraisal, we
HOUSE_OVERSIGHT_018806
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