Commercial Evaluations
Boxwood Means delivers fast, reliable commercial property evaluations that help lenders make informed credit decisions with confidence. As a leader in commercial real estate evaluation, we provide the property-level insights and market intelligence institutions need for loan origination, renewals, credit reviews, portfolio monitoring, workouts, and commercial real estate investment decisions.
A leading provider of commercial real estate appraisal services for small-balance lending, we serve banks, credit unions, and non-bank lenders nationwide.
Fully compliant with FIRREA and the Interagency Appraisal and Evaluation Guidelines (IAEG), our reports provide the regulatory assurance banks, credit unions, and non-bank lenders require throughout the loan lifecycle.
For lenders managing small balance commercial loans, full appraisals carry significant costs relative to the value of the transaction and the time they consume introduces risk into deal execution. Boxwood Means provides a proven alternative in lieu of appraisal, applying a proprietary, streamlined evaluation process that delivers a complete scope of work at a price point aligned with small-balance loan risk.
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Standard appraisal turnaround often runs two to three weeks or more. Our evaluation reports are delivered in as few as seven business days, with rush order options available for time-sensitive transactions. When deal timelines are tight, our speed gives your team meaningful advantage.
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The right evaluation approach depends on the intended use of the report, the property type, and the nature of the transaction. Boxwood Means offers report options at different price points including sales comparison formats, a combined sales-income report, and an income-only report so lenders can match methodology and cost to the collateral and the file.
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Every property evaluation at Boxwood Means is performed by our internal team of senior analysts and certified appraisers. There is zero reliance on third-party brokers or agents – that translates to direct accountability, consistent quality control, and the assurance that any question about your report is answered by the professional who prepared it.
Contact usOur approach to evaluating commercial real estate is more thorough than the industry norm, and our valuation reports reflect various benefits you receive.
Including year built, building and lot size, physical condition, improvements, parking, zoning, and additional characteristics relevant to evaluating commercial property.
Covering comparable sales, active listings, and local market conditions that directly support the assumptions and adjustments within each report.
Covering over 50 data fields, a complete set of exterior photographs, inspector signature, and an optional building sketch — with interior inspection available as an add-on, including for industrial property valuation assignments.
Reported on a leased fee or fee simple basis depending on building occupancy type. Also, “as is,” “as stabilized,” or “as complete” value conclusions when applicable.
Well-documented valuation analysis with line-item income and expense categories depending on the report type selected.
A commercial evaluation is an alternative valuation solution supporting commercial real estate lending, underwriting, collateral analysis, acquisition analysis, and credit or portfolio decisions when a full appraisal may not be required. Evaluations are compliant with the federal Interagency Appraisal and Evaluation Guidelines (IAEG) and the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA). Boxwood’s commercial evaluations provide clear, well-supported value conclusions designed to help teams understand the property, market, assumptions, and valuation rationale.
Commercial banks, credit unions, and non-bank lenders nationwide use Boxwood commercial evaluations for small-balance CRE lending — including origination, renewals, credit reviews, portfolio monitoring, workouts, and investment decisions. Servicers, appraisal management companies, and credit teams also use them when a full appraisal is disproportionate to the loan size.
Under FIRREA and the Interagency Appraisal and Evaluation Guidelines, regulated financial institutions may use an evaluation in lieu of a full appraisal on qualifying transactions — typically those below the applicable regulatory threshold and consistent with internal credit policy. Institutions should confirm transaction eligibility, intended use, and any investor or agency requirements before ordering.
They reduce cost and cycle time without sacrificing documentation quality. Reports can be delivered in as few as seven business days, are priced for small-balance lending, and provide FIRREA- and IAEG-aligned analysis — property data, comparable support, inspection findings, and a clear value conclusion — so credit teams can move origination, renewal, and review files forward with confidence.
Evaluations may be appropriate for certain SBA 7(a) transactions when loan size, collateral, and current SBA SOP plus your institution’s policy permit an evaluation in lieu of an appraisal. SBA 504 real-estate collateral more often requires an appraisal rather than an evaluation. Confirm the current SBA standard operating procedure and your credit policy before ordering either product.
Join 200+ commercial lender clients — including 13 of the top 20 U.S. banks — using Boxwood for defensible valuation support.
