Retail Appraised Value

Example Definitions of "Retail Appraised Value"
Retail Appraised Value. The value (determined by an appraiser if such value was so determined in connection with Senior Debt or otherwise requested by Lender) of the real property securing the loans and equity interests for land development and/or land acquisition owned by Borrower based on the market value of the finished sites sold to a merchant builder reflecting all estimated costs to carry and sell the finished building lots.
All Definitions