When a commercial lender orders a professional appraisal they are trying to determine the true market value of a property. This commercial appraisal is then used during the approval process and may be the deciding factor in whether you get the loan or not. CM
Don’t be intimidate by. Dealing with a commercial lender doesn’t have to be a headache. Doing a little research on the process will help you approach commercial lenders with confidence and that can help you work out a great deal on the commercial mortgage financing you need. CM
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 the true market value of the property needs to be determined so the commercial lender can use this information when deciding on the loan. At this point a commercial appraiser will evaluate the property and the lender will decide if it is really worth what is being asked. 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