As asset valuation specialists in the U.S. small-cap CRE market, Boxwood Means is uniquely qualified to conduct Appraisal Reviews that can add a useful layer of risk management to your lending operation.
No one knows the CRE landscape better than we do. The Boxwood team of appraisers and real estate analysts toils daily researching markets, reviewing leasing and cap rates, selecting and analyzing sales comparables, etc., in the process of producing our own FieldSmart Evaluations and Restricted Appraisals for 300 commercial banks, credit unions, and nonbank lenders nationwide.
Our in-depth CRE property valuation experience and expertise translate directly to superior Appraisal Review services.
Also, Boxwood’s huge proprietary national database of small commercial and multifamily properties performs double-duty as an invaluable source of information in support of our Appraisal Reviews.
Our reviews bolster our clients’ confidence in the Appraisals they procure. Boxwood’s reviewers are state certified and licensed appraisers, and our Appraisal Review reports comply with relevant USPAP Standards.
Our reviewers thoroughly analyze all aspects of the Appraisal for completeness, accuracy, adequacy, relevance, and reasonableness as they pertain to applicable law, regulations, or intended user/client requirements. We also address the Appraiser’s competency in terms of the structure of the analysis and how well the Appraisal is prepared.
Leveraging years of in-house valuation expertise, Boxwood’s reviewers examine if the appraisal data is appropriate and complete, the appraiser’s analysis is sound, and the conclusions reached are credible.
Boxwood’s desktop Appraisal Review reports are standardized, straightforward, and easy for readers to follow. They contain checkbox lists that authenticate the Appraisal’s compliance with regulatory items and verify that building and site characteristics, analytical methods, and valuation approaches among other pre-defined line items are included in the Appraisal. We supplement this information with commentary.
Of course, the extent of our review work may vary with specific assignments and client needs. Typically, there are four factors that typically affect the scope or timing of our review work including:
Count on our expertise to develop or augment your Appraisal Review function. Reach out today to learn more about Boxwood’s reviews and/or to request a sample report.