Bankers & Underwriters Of course, Federal Appraisal, LLC provides traditional bank loan appraisals. In fact, because of our national and international capabilities, we are particularly well qualified to service portfolios and assets outside our client’s home regions. Federal Appraisal provides the full array of traditional USPAP compliant appraisal and appraisal consulting services, including: appraisal reports executive summaries letter appraisals and Restricted Use Reports complete analysis appraisals limited appraisals, appraisals prepared using the Departure Provision. See our USPAP Services pages for more information. Additionally, Federal Appraisal, LLC provides various other services that add value to the business of banking and lending. In particular, we specialize in valuation and underwriting consulting for the capital markets. See our Capital Markets pages for more information on these services. Also see our services for Accounting and Legal issues pages, for more information on Federal Appraisal’s complex and non-traditional services. Management Consulting Issues and Solutions for Bankers and Underwriters. Federal Appraisal, LLC provides user-defined scopes of services and agreedupon-procedures services relating to bankers and underwriters. Securities and Exchange Commission (SEC) Federal Appraisal, LLC provides the real estate appraisals and valuation reporting support required by the SEC. See our SEC page for more information. Internal Revenue Service (IRS) Federal Appraisal, LLC provides the real estate appraisals and valuation reporting support required by the IRS. See our IRS page for more information.

Other Client Types Almost all appraisals are for financing purposes and for bank and lender clients.  As a result, almost all appraisers are trained to do only this one type of client for this one purpose and one type of client. If you are a different type of client, or have another purpose for your appraisal, then you need a specialist appraiser.  Federal Appraisal specializes in such non-traditional appraisals, for other client types. Clients Served: Accountants, IRS, and tax report Attorneys, litigation, damages, negotiations Investors, negotiations, investor reporting Governments, due diligence, litigation Small to large corporations Many others

Managers Federal Appraisal, LLC offers various services tailored to the needs of managers and fiduciaries. Our clients include property managers, asset managers, corporate real estate managers, trust managers, and fiduciaries. Each manager has its own unique business requirements. That’s why Federal Appraisal was formed. Many of the appraisal and consulting needs of managers can only be solved with complex and non-traditional appraisal and consulting services. Federal Appraisal specializes in those services. We understand that each manager requires different analyses and reporting. We tailor each of our engagements to the needs of the individual manager and to the manager’s clients. Our services to managers include: Site selection Acquisition and disposition due diligence services and support Transaction assistance Executive Summary Reports and other report formats Lease Auditing and Analyses, net lease analyses Market reviews and real estate research Financial and sensitivity modeling Portfolio reviews International transaction/multi-lingual capabilities Management information systems and technology applications Tax reporting Cost Segregation Purchase Price Allocation Impairment Studies Portfolio and single asset appraisals or valuations Portfolio analysis and strategy Real estate department management review Advisor compliance reviews Property manager compliance reviews Market studies and research Feasibility studies Development analysis Internal and external appraisal reviews Expedited services for time-sensitive projects See our services for Accounting and Legal issues pages, for more information on Federal Appraisal. Management Consulting Issues and Solutions for Managers Federal Appraisal provides user-defined scopes of services and agreed upon procedures services relating to real estate managers. Securities and Exchange Commission (SEC) Federal Appraisal, LLC provides the real estate appraisals and valuation reporting support required by the SEC. See our SEC page for more information. Internal Revenue Service (IRS) Federal Appraisal, LLC provides the real estate appraisals and valuation reporting support required by the IRS. See our IRS page for more information

Leveraged Reverse Freezes Traditionally, a reverse freeze has been strategy that has been used to manage and transfer wealth between a limited partnership (“LP”) or a limited liability company (“LLC”) that is composed of both preferred and common interests. A reverse freeze is established in a way that makes the partnership interest the preferred interest. Preference returns are paid to the preferred partnership (“PP”) and are senior to all common partnership (“CP”) distributions. A leveraged reverse freeze is a configuration of a traditional reverse freeze. In a leveraged reverse freeze, a preferred partnership interest is exchanged for either a note, transfer of preferred partnership interest to a designated grantor retained annuity trust (GRAT), or other types of real estate planning means. Interest payments on such vehicles are typically paid at the applicable federal rate (“AFR”) or the Internal Revenue Code Section 7520 rate. Under most circumstances, the seller of the preferred partnership interest maintains the common partnership interest. The end goal of a leveraged reverse freeze is for the receiving family member or GRAT to receive a portion of the cash flow and appreciation after all interest payments/GRAT annuity payments have been accounted for. In order for a leveraged reverse freeze to be successful, it is critical for the preference rate, which is part of the preferred partnership, required to preserve the face value to be much greater than the applicable federal rate or the Section 7520 rate. Federal Appraisal LLC offers several important services for those creating leveraged reverse freezes including, but not limited to: Acting as a consultant to the estate planner regarding the structure of the partnership Determining the appropriate preference rate to the preferred partnership interest Determining the percentage of preferred partnership interests Calculating the Fair Market Value (“FMV”) of the common partnership interests Interested candidates of a reverse freeze, leveraged reverse freeze, or a vast array of other appraisal services can visit federalappraisal.com or email mark@federalappraisal.com A house amidst a large, well-manicured grassy field