A Bank was concerned about a non-performing commercial asset but did not want to incur a large cost for a new commercial appraisal. They had an older commercial appraisal in hand but were worried that the subject market had changed and therefore the market value conclusion may no longer be relevant. The Bank contacted Dart Appraisal to learn what options were available.
The handshake is still an important part of the deal. It signals your commitment to working together to achieve success.
A credit union with a lending footprint in mostly rural areas was loaning on a small, but unique property type, in a town hundreds of miles from any metro area. The credit union ordered an appraisal report from a local appraiser. However, the commercial lending executive was unsure if the appraisal met required guidelines. Dart Appraisal was contacted by the credit union to perform a review of the commercial appraisal report.
Dart Appraisal is looking to fill positions for Staff Field Appraisers in the areas listed below. These positions are full-time, W2 positions, and are eligible for all benefits provided to our full-time employees.
Dart Appraisal’s experienced appraisal review team routinely reviews a variety of unique commercial and residential appraisal reports. The licensed appraisal review team, with over 20 years’ experience, have seen appraisals on almost every property type.
Dart Appraisal President, Michael Dresden attended the Mortgage Bankers Associations 2018 Annual Conference in Washington, DC where Brian Montgomery, FHA commissioner discussed reverse mortgages changes and stated FHA is seeing some things in forward FHA appraisals
The Federal Housing Administration, FHA, announced effective 10/1/2018 they will require a second appraisal on select reverse mortgage loans that are flagged by the agency as having the potential for an inflated property valuation.
Dart Appraisal offers insight clients may find useful. This includes a list of important characteristics to note, as well as potential situations, and the impact they may have on the valuation of a commercial property. We will discuss things one may see when either viewing commercial property directly, or in photographs depicted in an appraisal report.
Capitalization rates are one of the areas that receive a lot of analysis within the commercial appraisal world. Various firms and data services report monthly, quarterly, and annual trend data as it relates to capitalization rates. Capitalization is the conversion of income to value. A capitalization rate is the rate used to convert income into value.
Dart Appraisal’s commercial appraisal review team often encounter what appears to be a common misunderstanding about which value scenario should be used in handling proposed construction in an appraisal report, the hypothetical “As Complete” value scenario or the prospective “Upon Completion” value scenario.