The Tract Development Appraisal Process: Best Practices

Part I: Property Description & Market Analysis

Let’s start this opening section of the article with the following scenario, which we will return to as we go deeper into this look at the tract development appraisal process: (*Note: For a primer on the appraisal process, see the appendix to this article).

You are a credit risk officer, and you are on the phone with a loan officer at your bank. Let’s call him Harry Steinfeld. Harry has received approval for a loan to finan…