Many of the findings that result from performing an appraisal review are important to include in the credit write-up and in making a decision on the loan.  These are features of the appraisal that may impact underwriting but are not necessarily addressed by the appraiser.  Key areas to consider include:

• Valuation of the property
• Is the term of the loan within the remaining economic life of the property
• Are there other unique features of the property that increase the potential viability of the value
• Are actual rents significantly different than market rents
• Comment on features that may create credit or loan structure issues

CUBG takes a conservative view of unique properties, taking into account the difficulties that arise in working out a loan where those properties need to liquidated or resold.