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DataDigest: Office debt is stressing banks. That matters for mortgages.

Housing Wire

1, the company had lost 45% of its market value. A wave of office debt at regional banks Higher capital requirements after the 2008 financial crisis caused large banks to pull back on their commercial real estate lending; regional banks, unburdened by those requirements, seized the opportunity for expansion, Bloomberg has reported.

Mortgage 363
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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. Value Scenarios.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. If you want to be a real estate investor, you wouldn’t necessarily purchase multiple single-family properties when you could fit more tenants into one building. That’s why multifamily homes exist.

Appraisal 397
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How should appraisers approach short-term rentals?

DataMaster

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 148
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How should appraisers approach short-term rentals?

DataMaster

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

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Impact of COVID-19 On Appraisals

Simonson Real Estate

The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. Since COVID, one key area that takes on heightened importance is our regional and local market analysis section’s current environment. Moderate credit tenants – 6.5%

Appraisal 143