Monitored appraisal on a grocery estate that turns eleven times a year

Meridian's lender needed a monitored appraisal on $290M of perishable and centre-store inventory across 180 stores, refreshed quarterly.

We built the appraisal around category velocity rather than store count, and set separate net orderly liquidation values for perishable, centre-store and non-food.

The quarterly refresh runs off the client's own point-of-sale extract, validated against a rotating physical sample of twelve stores.

The advance rate moved from 55% to 71% on the strength of the category split, releasing $46M of additional availability without new collateral.