If you’ve ever gone through the bank process for a commercial real estate loan, you know how slow it can be. A full appraisal often costs $2,500–$15,000 (depending on the property) and can take two to six weeks before the report is ready. That’s the time you don’t have when you’re trying to lock in a deal.
At Fidelity Mortgage Lenders, we do things differently. As a hard money lender, we rely on the appraiser’s verbal opinion of value instead of waiting weeks for the full written report. The written report still follows, but the verbal is enough for us to fund quickly.
We also work with professional appraisers we’ve trusted for years — who are both highly qualified and located in our prime markets. Those relationships make the process smoother and easier for borrowers, cutting down on scheduling delays and helping us move even faster.
What a Verbal Appraisal Means for You
- For buyers: Fast funding so you can compete and close without delays.
- For sellers: A no-hassle closing at your full price, without waiting weeks for the bank’s approval.
- For refinance borrowers: Quick access to your equity without the drawn-out appraisal process — helping you cover expenses, make improvements, or capture opportunities right away.
- For everyone: Deals close in days, not weeks, with less stress and fewer roadblocks.
👉 Bottom line: At Fidelity, our trusted appraisers and reliance on verbal valuations keep the process fast, efficient, and reliable — whether you’re buying, selling, or refinancing.
Case Study #1: Fast Refinance with Verbal Appraisal
An investor owned a 20-unit apartment building in Los Angeles and needed to pull cash out quickly to fund improvements on another property. A traditional bank refinance would have required a full appraisal report, costing several thousand dollars and taking 3–4 weeks. That delay would have caused the investor to miss their opportunity.
At Fidelity, we relied on our trusted appraiser’s verbal opinion of value and were able to move forward immediately. Within five business days, the borrower had their refinance completed and funds in hand. The written report followed later, but the deal didn’t have to wait.
Result:
- The borrower accessed equity right when they needed it.
- The process was smooth and efficient, with no unnecessary delays.
- The refinance allowed the investor to stay competitive and capture new opportunities.
👉 This is the Fidelity difference: We close fast, whether it’s a purchase or a refinance
Case Study #2: Fast Purchase with Verbal Appraisal
A borrower had the opportunity to purchase a half-empty retail strip center at a discounted price. The seller needed a quick close, but a traditional bank required a full appraisal report that would take 4–6 weeks and put the deal at risk.
At Fidelity, we relied on our appraiser’s verbal opinion of value to underwrite and approve the loan. Within 7 business days, the borrower had the financing secured, and the seller got the certainty of a fast, no-hassle closing at their full asking price.
Result:
- The buyer closed quickly and didn’t lose the deal to a faster competitor.
- The seller got paid on time and avoided delays that often derail commercial transactions.
- Fidelity delivered a win-win for both sides by combining speed with efficiency.
👉 This is why buyers and sellers trust Fidelity: We move as fast as the deal requires, without letting appraisals slow things down.
Summary
At Fidelity Mortgage Lenders, we know that speed and certainty make or break a deal. That’s why we rely on our trusted appraiser’s verbal opinion of value rather than waiting weeks for a written report. This approach allows us to fund both purchases and refinances in days, not weeks, keeping buyers competitive, sellers confident, and borrowers in control of their equity. Whether it’s a fast refinance to access cash or a time-sensitive purchase that banks won’t touch, Fidelity makes the process smooth, efficient, and reliable from start to finish.
Ready to move fast? Call (800) 752-9533 or visit fidelitylenders.com to see how our verbal appraisal process can keep your deal on track.
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