Standard BPOs have several shortcomings, so they may not be reliable. But Boxwood Means has you covered. An Asset Value Report (AVR) furnished by Boxwood is everything that embodies a commercial BPO. The only difference? Ours are better — much better.
If you live in a state where a commercial broker price opinion is permitted and a FIRREA-compliant property appraisal is not necessary, an AVR is your best bet. These reports, based on the sales comparison approach, provide you with need-to-know facts on the ground that are easy to understand and summarized succinctly. Performed by our in-house veteran appraisers and real estate experts, AVRs serve as a simplified asset valuation that provides greater depth of insight into what the market value is for a subject property. It essentially serves as a sneak peek into what the asset may command should it be listed and put up for sale or be a part of an off-market portfolio offering. Our AVR can thus help set your asking price(s) on the sell side or the buy side and assess your downside risk.
Many believe that all commercial broker price opinions are pretty much the same. With other vendors, that may be the case, but Boxwood Means prides itself on setting a high-quality standard, distinguishing our product from the competition.
Is the property for which you need a commercial BPO the subject of a short sale or entering foreclosure? Don’t let that discourage you from buying or selling. You can update the collateral value on delinquent or non-performing loans with an AVR. You can also use the report as a steppingstone toward loan modification, workout, short sale, or other resolutions to estimate the property value.
The commercial real estate market is always in flux, but that’s especially true today. Amid market uncertainties or economic instability, our monitoring capabilities can help you assess loan-to-value ratios so you can better anticipate changes, mitigate risk, and better manage your overall portfolio.
The property market is growing ripe for investment, but it’s important to have the right information on hand before you commit. Whether in the form of real-estate owned, distressed or one-off properties, an AVR can help you reliably evaluate circumstances for investing in private, secondary, or other commercial property markets.
With nearly 20 years in data analytics, research and market analysis in the small-cap commercial real estate space, Boxwood Means is a nationwide provider that companies turn to first for no-nonsense commercial property valuation services. These include our FieldSmart Evaluation Reports, the industry’s most reliable commercial evaluation reports available.
Also included in Boxwood Means’ toolkit are our FieldSmart Restricted Appraisal reports, commercial property inspection reports and small-cap CRE price indices . This suite of valuation services makes our expert team one of the most highly qualified in the industry.
The very same real estate analysts and veteran appraisers that perform and put together our patented FieldSmart Evaluation reports also run our AVR program.
Contact us today to learn more about what we do and how we can help with your collateral valuation needs.