Definition / Objective
Bank Appraisal – An appraisal version which is reduced in scope and complies with local banking requirements, and which is economically competitive. Bank appraisals are different in that they have a limited number of valuations methods and are not as comprehensive in analysis. This type of assignment may also be done in a faster manner than other, more comprehensive appraisals. designated appraiser.
- Reduced scope
- External may be used to complete inspection
Property Types / Opportunity
- Retail
- Industrial
- Office
- Land
- Special Use
Approaches, Relevance & Methods / Solution
- Cost
- Sales comp or market approach
- Income capitalization
- Sales comp or market approach
Value Impacting Factors
- Contract – if there is a rental contract associated with the property it may impact the asset value
- Location, construction quality, design
Important Inputs / Key Features
- Tenant credit quality
- Rent, rental growth
- Rent as % of sales
Recent Trends
- Refinancing of existing occupied properties
- Operating financing for companies
- Debt financing for large to medium sized businesses
Deliverable Structure & Scope
Narrative Appraisal Report
- Value impacting considerations – summary 2. Purpose, scope, limitations of the report 3. Land description 4. Improvement description 5. Scope of work 6. Highest and best use 7. Approaches to value 8. Reconciliation 9. Certification statement
Notable Markets & Corridors
Colombia
Bogota
Medellin
Mexico
CDMX
Nuevo Leon, Monterrey
Peru
Lima, Miraflores
Lima, San Isidro
Lima, Santa Cruz
CR-CA
San Jose, Escazu
Panama City
Guatemala City
