The FieldSmart Restricted Appraisal is engineered around a core principle: lenders making decisions on small commercial real estate loans need precise, well-supported collateral intelligence — not a 150-page document filled with standard market narratives and boilerplate addenda. Our RA reports are built to deliver the appraisal conclusions, methodology documentation, and supporting data your credit team actually uses, in a format that is faster to produce, easier to review, and quicker to act on. Scoped for efficiency without any reduction in analytical rigor, the FieldSmart RA gives you what you need to move a deal forward — signed and certified, with nothing superfluous slowing down the process.
A standard restricted appraisal report under USPAP is defined by what it is permitted to omit relative to a self-contained appraisal. Most RA products in the market take full advantage of that latitude. The FieldSmart Restricted Appraisal takes a different approach — layering in analytical context and property-specific detail that goes beyond the minimum required disclosure, while maintaining the efficiency that makes a restricted report the right choice for small-balance CRE transactions.
No two small commercial real estate loans are alike, and the right appraisal methodology depends on the property type, the market, and the credit situation. The FieldSmart Restricted Appraisal is available in four versions, each calibrated to a specific set of collateral and market conditions:
Compare all four FieldSmart RA variants alongside the full FieldSmart product range to find the right fit for your transaction. Our team is available to help you select before you order.
Every FieldSmart Restricted Appraisal is prepared and signed by a Boxwood Means state-certified licensed appraiser — not a third-party contractor, not an automated workflow. Our appraisers bring deep experience in small-cap commercial real estate valuation and understand the documentation standards that bank examiners, secondary market investors, and institutional credit committees require. Reports are available across 30 primary states. Each one is fully USPAP-compliant and FIRREA-compliant, and is produced through a data-intensive, technology-supported process that maintains methodological discipline while keeping turnaround times and costs appropriate for the small commercial loan market. The result is a signed appraisal opinion you can present with confidence — to your credit committee, your regulator, or your investor.
Contact Boxwood Means to discuss your specific collateral requirements and find out which FieldSmart RA variant is right for your next transaction.
A Restricted Appraisal Report (RAR) is a USPAP-defined appraisal report type that limits the scope of disclosure and reporting relative to a full self-contained appraisal. Under USPAP, a restricted report may be used when the client is the only intended user of the appraisal — making it appropriate for internal lender use, portfolio review, or credit decision-making where the report will not be relied upon by third parties. The FieldSmart Restricted Appraisal is FIRREA-compliant and suitable for regulated lenders on qualifying small commercial real estate transactions where a signed, certified appraisal is required by lending policy or investor guidelines but the transaction size does not warrant a full conventional appraisal engagement.
The key distinction is appraiser certification and report type under USPAP. A FieldSmart Evaluation is a collateral evaluation product — appropriate in lieu of an appraisal on qualifying transactions under the Interagency Appraisal and Evaluation Guidelines (IAG). A FieldSmart Restricted Appraisal Report is a USPAP-compliant appraisal, signed and certified by a state-licensed appraiser, for situations where lending policy, investor requirements, or regulatory circumstances require a certified appraisal rather than an evaluation. If your institution's credit policy or a specific loan transaction mandates a licensed appraiser signature, the FieldSmart RA is the appropriate product.
The right FieldSmart RA variant depends on the property type, the applicable valuation methodology, and the depth of market support available. The RA LTE and RA Sales variants apply the sales comparison approach and are suited to owner-occupied and single-tenant commercial properties in markets with sufficient comparable sales activity. The RA SI applies both sales comparison and income approaches and is appropriate for leased commercial assets, small multifamily, and net lease properties. The RA Income report is used in markets where comparable sales data is too limited to support a reliable sales analysis. Contact our team to discuss which variant fits your collateral before ordering.