Finance Appraisal Letter

FINANCE APPRAISAL LETTER

From

To

Report Identification

Appraisal Reference No.:

Effective Date of Valuation:

Report Date:

Subject of Appraisal

Location or Identifier:

Ownership / Title Holder:

Appraised Value

Appraised Value (As-Is Market Value): $

Appraised Value (As-Stabilized, if applicable): $

Valuation Methodology

The valuation reported herein is based on the following approaches and methods (check those applied):

Market Approach (comparable sales)

Income Approach (discounted cash flow / capitalization)

Cost Approach (replacement cost less depreciation)

Residual / Specialty Approach

Other:

Scope of Work

This appraisal was prepared in accordance with the stated assignment, which included inspection (if applicable), market research, analysis of comparable data, and application of recognized valuation techniques. The scope included the following specific activities:

Assumptions and Limiting Conditions

Representative limiting conditions include, but are not limited to: reliance on public records and information provided by the client; no legal title search beyond readily available documentation unless stated; assumptions concerning the absence of hazardous materials or undocumented encumbrances unless otherwise noted. The appraiser disclaims responsibility for matters of legal or tax determination.

Intended Use and Intended User

Intended User(s):

Intended Use:

Reliance, Confidentiality and Liability

This appraisal report is prepared solely for the benefit of the intended user and may not be relied upon by third parties without the express written consent of the appraiser. The appraiser's liability is limited to the fee paid for this engagement and is further subject to the following limitation: the appraiser shall not be liable for consequential damages, including loss of anticipated profits or finance costs. Confidential information provided by the client has been used in good faith; the appraiser assumes no responsibility for its completeness or accuracy beyond reasonable verification.

Attachments and Documents Considered

Detailed scope of work

Fee agreement / invoice

Comparable sales / market data

Other supporting documentation:

Fees and Payment Terms

Appraisal Fee: $

Certification

I certify that, to the best of my knowledge and belief, the statements of fact contained in this appraisal are true and that the reported analyses, opinions and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, unbiased professional analyses, opinions and conclusions. The appraiser has no undisclosed interest, and no bias with respect to the subject matter of this appraisal or the parties involved.

Appraiser Name:

License / Certification No.:

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