Category: Financial/Economic, Real Estate The Current Commercial Mortgage Market TASA ID: 1813 In an environment of over demand and under supply, mortgage lenders can "pick and choose" which loans they want to fund while imposing tighter underwriting standards. We have witnessed that since 2009. While becoming a little more liberal, that underwriting trend will continue for some time. Low interest rates and more liberal underwriting standards will undoubtedly benefit many properties, but they can't overcome the real problem for many CMBS borrowers. Read more
Category: Appraisals / Valuations, Real Estate Sustainability and Income-Producing Property Valuation: North American Status and Recommended Procedures TASA ID: 992 The valuation of property with "sustainability" aspects is not a new property type nor does it call for a deviation from the traditional valuation methods for the appraisal of income-producing properties. Read more
Category: Appraisals / Valuations, Real Estate Insights and Updates from a Commercial Appraiser Real Property Broker Expert TASA ID: 1417 Of course the answer to the question "will building energy disclosure laws affect real property value" is yes. There is no doubt in my mind that inefficient buildings, like gas guzzling cars, will be shunned by real property buyers and building tenants when they have the opportunity to see the results on energy disclosure reports. In the recent past, few buyers have paid a great deal of attention to annual energy costs since energy costs have been relatively low. Read more
Category: Appraisals / Valuations, Real Estate How Accurate is Your Commercial Real Estate Appraisal? TASA ID: 1447 . . . The courts have consistently held that the Income Approach is to be relied upon in estimating the market value of income producing properties, especially in tax certiorari cases, and lenders and investors place much emphasis on this approach concerning properties with substantial tenant bases. Read more
Category: Business & Commerce, Financial/Economic, Real Estate Increased Cost of Credit - or Not? TASA ID: 1989 ". . . farming operation suing a supplier whose representatives allegedly incorrectly advised the farmer on application of a chemical that resulted in reduced crop production. One of the causes of action was increased credit cost because his lender asked him to refinance due to his poor performance in the year of the loss." Read more
