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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

We’re grateful to work across several states and with so many great clients! In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. The goal of this article is to help lenders, banks reviewers and appraisers. Lenders, what’s in it for you?

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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. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

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Appraisal Time Adjustments Underutized

Appraisal Today

I always made them and never had any complaints from my lender clients. Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space.

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State Appraisal Boards – What Do They Look For?

Appraisal Today

Increased numbers of state appraisal boards are looking at complaints against appraisers from the standpoint of the consumer, rather than that of the client and/or the intended user(s). As all appraisers are aware, the consumer has no standing with the appraiser (assuming the consumer is not the named client or intended user).

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ClearCast Podcast E21 — June Homes Founder & CEO Daniel Mishin

Clear Capital

They are a digital lending platform. But what’s really new is the fact that back in the day, it was a product for Fortune 500 corporations that essentially send their project managers to New York City to work in a client’s office for two months, and they’re willing to pay 300% premium for that. Daniel Mishin .

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FHA Commissioner Julia Gordon gets to work

Housing Wire

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Some of my clients have told me that they’ll come back in and service FHA loans if there are reasonable requirements, along the lines of the GSE’s,” Chappelle added.

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