NVI Technical College Information

MountainSeed immediately if you determine multiple reports are needed.**

4 Industrial Buildings on 2 parcels. Total SF of 68,250

US Small Business Administration should also be listed as an intended user.

***SBA Appraisal Guidelines ***: Per SOP 50 10 Version: 06 (effective − Oct 1, 2020) (applicable sections): "C. The "Appraisal Report" must be prepared in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP)." "D. In order for the appraiser to identify the scope of work appropriately, the appraisal must identify SBA as the client or an intended user of the appraisal, as those terms are defined in the Uniform Standards of Professional Appraisal Practice (USPAP). The CDC may also be identified as the client or an intended user. It is acceptable to SBA if the appraisal identifies the Third Party Lender as the client and SBA as an intended user. The CDC may not use an appraisal prepared for the applicant. The cost may be passed on to the borrower." "F. If the loan will be used to acquire an existing building that does not require construction, the appraiser should estimate market value on an as−is basis. If the appraiser estimates the value other than on an as−is basis, the narrative must include an explanation of why the as−is basis was not used." "G. If the appraisal engagement letter asks the appraiser for a business enterprise or going concern value, the appraiser must allocate separate values to the individual components of the transaction including land, building, equipment and business (including intangible assets)." "H. When the collateral is a Special Purpose Property, the appraiser must be experienced in the particular industry." − Additional Comment: Although the requirement is not found in the SBA SOP, it is often requested and stated by banks that there be at least two appraisal approaches considered in an SBA compliant appraisal. The appraiser should also provide at least two approaches.

Are there issues that the financial institution knows about that could impact value? No

Property Contact Information

Contact Person: Gary Beeman

Work Phone: 612−991−9374

Cell Phone:

Home Phone:

Contact Email Address:

gjbeeman@gmail.com

Note: This appraisal order is not transferrable to another appraiser. If the appraiser named on this appraisal request is unable to complete this assignment please contact MountainSeed AMC at 404−973−2568. All appraisers are approved on an individual basis, if this assignment is completed by another appraiser MountainSeed AMC will not be liable for any appraisal related service fee.