ROBERT M. MC SHERRY, MAI Administrative Services 3760 Chelsea Drive Baton Rouge, Louisiana 70809 Phone (504)924-8093 October 28, 1998 Mr. Bill Martin, III MMR Investment Bankers P.O. Box 781440 Wichita, Kansas 67278-1440 RE: Biltmore Group, L.L.C. Dear Mr. Martin: This letter is to acknowledge permission for Biltmore Group, L.L.C. and MMR Investment Bankers to copy or reproduce the Summary Appraisal Report of the proposed 21 assisted care units and 4 efficiency unit assisted care facility and to be constructed on LA Highway 33 just outside the corporate limits of Farmerville, Union Parish, Louisiana, dated October 20, 1998, for use with investors and in the Registration Statement on form SB-2 pursuant to Regulation SB. Please note that this appraisal contains a number of conditions upon which the value is based and these conditions must be made a part of any correspondence affecting the subject property. Repectfully, /S/ROBERT M MCSHERRY Robert M. McSherry, MAI RMM:je