Commercial BPO Reports for Loan Funding, Smaller Loans, SBA Loans, Private Money Loans, Investors and Valuation
With many commercial loans being reviewed or new loans being considered it is common practice for small balance and private money lenders to rely on Commercial BPO / Commercial Broker Price Opinion Reports. Investors of loans and properties are also placing emphasis on these reports too.
The Commercial BPO Report Meets Funding Time Constraints and Costs
The BPO is a fraction of the cost of commercial real estate appraisals and can be delivered to the lender within 7-12 days.
At East West Valuation Services we provide nationwide Commercial BPO valuations. Our network of experienced brokers provides us a distinct advantage and a quality product that are clients are used to seeing. Our quality control gives our clients the peace of mind and our reviews are provided by experienced professionals who have commercial real estate experience.
Nationwide Commercial Broker Price Opinions Across All Commercial Property Types
East West Valuation Services provide Commercial Broker Price Opinions nationwide and across all commercial property types: retail, shopping centers, office buildings, apartment buildings, industrial buildings, self storage, mobile home parks, churches, schools, preschools, and other special use buildings.
Smaller Loans / SBA Loans / Private Money Loan / Larger Loans
A Commercial BPO is ideal for smaller loans, SBA Loans and Private Money Loans. With low loan to value ratios and where risk is mitigated the Commercial Broker Price Opinion is a good method for valuation. They are performed by experienced commercial brokers who know the local market, understand the comparables, and who comprehend the sales and income approach to commercial real estate valuation analysis. Larger loans, as well as properties with complex lease structures and multi-tenant buildings are better suited using the valuation method of a full appraisal. However, for many properties nationwide the Commercial BPO is the ideal solution.
Unlike a full certified appraisal issued by a certified appraiser, the Commercial BPO is only an opinion of the price of a property if it were being placed on the market for a sale at that given time. It does not consider lease-up, REO conditions, or the need for renovation or construction completion, which a certified appraisal would reflect.
The Commercial BPO report takes into account comparable sales of like-for-like properties, cost per square foot comparables or per unit comparables, lease comparables, capitalization rate comparables and gross rent multiplier (GRM) comparables.
This along with other economic and financial factors of the borrower is also taken into account by an investor or lender.
As Information is Available
It should be noted that East West Valuation Services makes every attempt to produce a Commercial BPO which includes an ample number of comparables. This is as a result of the recent softening of the commercial real estate markets and lack of property sales comparables.
East West Valuation Services provides comprehensive Commercial BPO reports in a timely manner, at reasonable pricing. Our clients include national lenders, local banks, special servicers, investors, private money lenders, and commercial real estate professionals.
Contact Michael Duhs, Managing Director, for a one-off Commercial BPO quote or for a portfolio of commercial real estate properties at 949-939-8352.
East West Valuation Services’ national platform is gaining the attention of national and regional lenders and investors. It’s commercial Broker Price Opinion BPO platform is being called upon more often to fulfill national orders, Michael Duhs – its Managing Director, commented on recently. East West Valuation Services is squarely focused on commercial real estate and the requirements of lenders, banks, and special servicers. Commercial BPO’s, Commercial BOV’s, and Commercial Broker Price Opinions are a significant segment of a diverse full service commercial real estate firm.
For a FREE quote on nationwide bulk or one-off Commercial BPO’s / Commercial Broker Price Opinion, please call us at at (949) 939-8352
Michael Duhs, Managing Director
East West Valuation Services
Michael Duhs, Managing Director of East West Commercial Real Estate, writes “There is a burst of new Commercial Broker Price Opinions (BPO’s and BOV’s) coming through the pipeline. Banks, special servicers and other lenders are ordering commercial broker price opinions (BPO’s and BOV’s) at a record pace. It may be because of year end or it may be that our commercial real estate clients are realizing that it’s time to get commercial REO’s and distressed commercial real estate off their books.
For professional expertise with offices in Los Angeles, San Diego, Orange County, Riverside, and San Bernardino, Sacramento, San Francisco, Oakland, San Jose — commercial real estate, investment property, apartments for sale, office for sale, industrial for sale, retail shopping center for sale, 1031 exchange, commercial real estate REO’s, nationwide commercial BOV’s, nationwide commercial broker price opinion BPO’s, lender services, nationwide commercial BPO’s or asset management, please contact Michael Duhs, Managing Director of East West Commercial, at Michael.Duhs@EastWestCommercial.com or (949) 939-8352. Visit us at http://www.EastWestCommercial.com.