ARV Report Preference

[Dianna Nash]

New construction on 4 lots -2 duplexes on each lot. So there will be 8 living units, 4 separate building- I have a possible lender asking for an ARV to the determine value of property after construction before considering if his company could fund my project. I asked an appriaser for ARV report and he stated that he could provide 1. a ARV using the Multi-family Form Report for a cost of $3000 or a ARV Narrative Report for $5000. My question is which is the better choice to obtain for possible lenders for future funding?