Permissible Appraiser Communications

• obtain supporting information for a specific market, including:
  • sales or rental comparable properties;
  • rent or expense data;
  • capitalization rate data;
  • recent sales; or
  • price per unit or square footage ranges;
• provide all documents needed to accurately assess the Property's value per this Chapter;
• share or request additional supporting comparable property information; and
• request additional documents supporting the Appraiser’s conclusions.

provide any Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. data, such as

• LTVLTVRatio of the actual aggregate UPB of the Mortgage Loan, plus any Pre-Existing Mortgage Loans, plus any Hard Preferred Equity, plus any Mezzanine Financing, to the value of the Property, expressed as a percentage.  ,
• DSCRDSCROn an annual basis or any specified period, the ratio of Net Cash Flow to the total of:  principal, interest, and required Mezzanine Financing or Hard Preferred Equity payments. ,
• amount, or
• Underwritten NCFUnderwritten NCFNet Cash Flow as adjusted by the Lender per Part II, Chapter 2: Valuation and Income, Section 203: Income Analysis and the applicable products and features in Part III. .