I need your EXPERTISE...yes, You!

[Daniel Yoo]

How would you value this Note Scenario?

This is for a 100 unit apartment complex.

The Original Note Amount was : $2MM

The Approximate Note Balance is: $1.8MM

The Asking Price is: $1MM

Origination Date: 1/1/2005

Maturity Date: 1/1/2010.

How much would you offer for this note? Thanks!