One Bedroom Two Bedroom Value as a Co-op $39,000.00 $60,000.00 Add: Conversion Obligation (Including underlying mortgage, fees & costs) $22,000.00 $28,000.00 Total Investments $61,000.00 $88,000.00 Condominium Values after Conversion $180,000.00 $250,000.00 Net Increase In Wealth (Equity) $119,000.00 $162,000.00 Results from Conversion of The Stratford House “Financing was always difficult to obtain as a Cooperative. Banks were unwilling to lend money based upon their past unfavorable experiences with Co-ops.” Peter Vallas Unit Owner “Literally overnight, our equity has substantially increased and the number of sales we have had since our conversion surpass any sales volume since our original conversion to Co-op 20 years ago.” Steve Muhlstock Pre

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