We take our role in the commercial real estate lending process seriously. Our commitment has helped us to achieve an average turnaround time of only 14 days. Counting weekends. That's 2 weeks. If you've been waiting more than two weeks for your commercial appraisals, you're losing loan volume. That's money out of your pocket. We understand. … [Read more...]
Death and Taxes – We Can Help
In the world of commercial real estate, taxes are an important consideration. Real estate taxes are based on the value of the property as estimated by the local tax assessor. In most cases, the assessor does a pretty good job. But in some cases, the estimate is far too high, resulting in excessive tax bills for some people and corporations. Are you … [Read more...]
Multichannel Retailing | Impacting the Value of Commercial Real Estate
I recently completed appraisals of two large industrial buildings in Tennessee. They were leased and occupied by an international company. What interested me about these assignments, and what should interest you too (especially if you own commercial real estate), is the impact multichannel retailing is having on the value of these and other types … [Read more...]
The Commercial Appraisal Process
The Appraisal Process Thousands of commercial appraisals are ordered every day. If you own or have owned a commercial building, chances are that a commercial appraisal was ordered by your lending institution to evaluate the value of the property against the loan amount. An appraisal simply provides an educated opinion of the value in order to … [Read more...]
Allocating Commercial Real Estate Value the “Right” Way
There is a tea party underway. But it doesn't involve a particular political party. It involves a revolt against real estate taxes levied by local taxing authorities against real estate owned by companies with national name recognition like Walgreen's, General Electric, and Brigestone. These companies contend that they're being taxed on their hard … [Read more...]