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Evaluations

Commerical Evaluations can be an affordable yet comprehensive way to analyze a property or portfolio for credit decisions and loan monitoring and are in full compliance with Interagency Appraisal and Evaluation Guidelines (IAG Guidelines). 

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Typical turn times are from two to three business days.

Commercial Evalution Report (CE)
$290+

Verified Property Data and Assessment Information for the Subject Property and the Comparable Sales

Sales Data

Condition, Environment and Market Area Data

Sales Comparison Approach to Value with Market,

Sale Condition and Physical Character Adjustments

Subject Parcel Map

Comparable Sales Map

Reconciliation of Data

Commercial Evaluation Report PLUS
(CE+)

$540+

​Verified Property Data and Assessment Information for the Subject Property and the Comparable Sales

Sales Data

Condition, Environment and Market Area Data

Sales Comparison Approach to Value with Market,

Sale Condition and Physical Character Adjustments

Subject Parcel Map

Comparable Sales Map

Income Approach

Reconciliation of Data

Land Commercial Evaluation Report (LCER)
$290+

​Verified Property Data and Assessment Information for the Subject Property and the Comparable Sales

Sales Data

Condition, Environment and Market Area Data

Sales Comparison Approach to Value with Adjustments

Subject Parcel Map

Comparable Sales Map

Reconciliation of Data

Replacement Cost Report (RCR)
$250+ ($175+ update)

Subject Parcel Map

Verified Subject Characteristics

Replacement Cost Analysis for All FEMA-defined Structures based on Swift Estimator data provided by Marshall and Swift

Commercial Property Site Inspection (PSI)
$250

Exterior Inspection with Photos

Condition, Environment and Market Area Data

Parcel Map

Reserve Studies (RS) 
$390+

($175+ update)

Detailed report showing current reserve adequacies or deficiencies

Recommendations to correct any deficiencies

Photos of reserve items

Property Sketches $125+

2D sketches of properties

Exterior dimensions

Area calculations

ADD ONs

Exterior inspection of subject - $125+ (Office staff or LREP)

Interior inspection of Subject - $200+ (Office staff or LREP)

Replacement cost - $100+ (not available for RCR)

Remaining economic life - $30

 

Annual update - $175+

SBA Loan - $0

Live Video Walk Through - $100 (subject to internet availability)

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