A commercial appraiser evaluates property to decide its true market value. This commercial appraisal is useful not only to help a commercial lender make decisions about loan approvals but also to help establish equity in the property and determine if that is sufficient to draw a line of credit. CM
When you apply for a commercial mortgage there are a few steps the commercial lender will go through to determine approval on the loan. One of these steps is a commercial appraisal. This appraisal is performed to determine the market value of the property in question and has a big influence on the lenders decision. CM
It is the job of a commercial appraiser to evaluate a property and decide its market value. A commercial appraisal can be useful not only to help a commercial lender make decisions about loans but also later on to establish the equity you have in the property and if that is sufficient to draw a…
Once you’ve applied for a commercial mortgage the market value of the property needs to be evaluated. At this point the commercial lender will have a commercial appraisal performed to determine the value. If the property is found to be below market this could have a negative affect on the loan. Carefully selecting the right…