COMMERCIAL REAL ESTATE EVALUATION
Overview
ICS helps Loan Brokers provide commercial and investment real estate mortgage services nationwide. Delivering an accurate Commercial Real Estate Evaluation is the starting point of every sale, refinance, and construction project. Existing and future property value is the #1 factor when arranging the best financing solutions for our clients, including the lowest market interest rate and terms available. ICS Commercial Real Estate Evaluations include a BPO/Commercial Evaluation, Pre-Environmental Report, loan processing, underwriting, packaging, and Lender analysis, matching loan requirements with the most suitable Lenders across our network.
You can count on:
• Transparency: the most appropriate comparables and applicable supplemental market data
• Quality Assurance: both automated and human quality control review
• Compliance: state regulations in all 50 states, lnteragency Appraisal and Evaluation Guidelines (IAG), Uniform
Standards of Professional Appraisal Practices (USPAP)
• Competency: a nationwide network of commercially-trained, geo-competent real estate brokers and appraisers
Consider our team an extension of yours. We ensure the quality and reasonableness of the conclusion by requiring verified sales and rent data from our vendors and leveraging our nationwide data resources. And, we offer several report types to fit your needs, quick delivery for timely decisions, and competitive pricing to complement your business model.
Commercial Broker Price Opinions / Commercial Evaluations
Highly reliable price opinions for asset management, monitoring, refinancing, and disposition.
• Reviewing performing and non-performing commercial assets
• Valuing commercial collateral
• Setting listing prices and market values for refinance transactions
• Form Types: Sales Only, Sales with Listings, Sales & Income Approach
Our review of the subject property and local market includes an analysis of adjusted price ranges and a reconciliation of an “as-is” market price. At your request, we can provide a repaired price and also consider accelerated marketing periods. For a more comprehensive analysis, the Income Capitalization Approach can be added to value multi-tenant or leased investments.
Our Commercial Evaluations are fully compliant products that are more affordable and have quicker turn times than traditional narrative appraisals. Ideally suited for small to mid-size loan origination, extensions of credit and loan modifications. We can provide both the Sales Comparison and Income Capitalization approaches to value.
Standard Properties
The following list outlines the standard property types that our broker-based commercial products are designed to handle. While we have the capacity to take on work outside this list, we will need to do some preliminary research to determine if the scope of work is consistent with our broker-based commercial products and to ensure we price the assignment appropriately.
Property Use
• Specialty: Child Care/ Day Care, Community Center, Mobile Home Park, Religious Facility, Self/ Mini Storage Facility, Service/ Gas Station
• Multi-Family: High-rise, Low-Rise, Hotel/ Motel, Multi-Family, Government Subsidized
• Industrial: Industrial, Cold Storage, Condo, Warehouse
• Vacant Land: Industrial, Multi-family, Multi-parcel Residential, Office
• Office: Business Park, General, Medical, Office Building
• Retail: Retail, Restaurant, Strip Retail Center
Please note there are property complexity factors that impact our ability to complete certain assignments. As such, providing all available data up front is vital to ensuring we provide the best solution for your commercial valuation needs. If you have questions regarding a specific assignment, please contact your Customer Account Team to ensure the proper approach is taken. Below are examples where we will require additional research to provide an estimated fee and turn time.
• Ground leases
• Manufacturing facilities with significant equipment investment that require the reporting agent to value the fixed equipment
• Agricultural applications for land that require the reporting agent to consider the future production value of the agricultural asset
• Multi-parcel residential land for proposed subdivision
• Multiple, contiguous parcels of dissimilar property types
• Multiple, non-contiguous parcels
• Other complex property types include: Government Buildings, Hospitals, Truck Terminals/ HUBs, Marinas, Theme/ Festival Centers, Cemeteries, Nursing/ Assisted Living Facilities, Golf Courses, Theaters/ Performing Arts Centers, Student Housing, Recreational Facilities/Sporting Arenas