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2020 Banking and Construction Lending Trends for Minnesota

Simonson Real Estate

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

Lending 148
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Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Simonson Real Estate

This article shares the best insights and trends from 2019 and expectations into 2020. Often times, the tenant is able to rationalize these locations with part of the costs allocated for marketing. Investors want to have a stronger comfort level with the probability the tenant will renew. billion In 2019 transaction volume.

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“No News is Good News” – It’s What We Strive For

Simonson Real Estate

Overall risk is higher for the bank in these circumstances due to economic factors which can lead to changing property values and potential risk of tenants or borrowers having revenue disruptions that impact their ability to pay their rent or their mortgage. In a bear market, appraisals tend to be scrutinized more closely (and rightfully so).

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How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. This is creating significant friction in the lending environment.

Appraisal 148
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How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. This is creating significant friction in the lending environment.

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Appraisal in Changing Markets

Appraisal Today

Using recent September data, loan applications are below the levels in 2019 and still dropping. Loan applications went up this week but are still below 2019 levels. To read more of this long blog post with many topics, click Read More Below!! Tenant, friend, or relative wants to buy. Litigation support. Private sales.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Examples: A building owner has a single lease or multiple leases with tenants. Contact him today!