We are a private hard money lender. We do not use an appraiser. Instead, we review your proposed projects. We compare your proposed finished product with similar properties sold. Typically local sales in the last 6-12 months are considered.  Then we may make adjustments for properties currently for sale. We try to estimate a price likely to produce a sale within 30-45 days. One benefit of using a local private Colorado hard money lender is that we not use appraisers. That can save you money. Also, we are free to consider relevant information from borrowers. If a recent appraisal is already available we will look at it.