Updated over 6 years ago on . Most recent reply
Will commercial lender insist on own appraiser?
I'm in contract on a 7 unit deal. One lender who made an offer wants an appraisal by any certified appraiser. If I change my mind about this lender, would another commercial lender use the appraisal or would I have to pay for another appraisal?
Most Popular Reply
The bank will likely require a new appraisal. They can reuse surveys and title, even environmental usually, but not usually appraisals.