Woodland Hills, CA (PRWEB) November 07, 2013
“We’ve brought to market a solution that addresses a surprisingly overlooked niche in commercial evaluations,” states Kirk Jaffe, Executive Vice President Evaluations at Peak Asset Solutions (http://www.peakassetsolutions.com). “As demand for commercial Broker Opinion of Value (BOV) reporting continues to grow, so does the conspicuous absence of reliable reporting on the value vacant land held by investors and lenders” After a thorough analysis of current client portfolios as well as survey of competitor offerings, Peak Asset Solutions realized the overwhelming opportunity to develop a reporting platform dedicated specifically to land types. “We’ve listened to both the market and our client base to develop and deliver a tool that equips investors with the specialty analysis they need to have a complete reporting solution that takes into account their entire real estate portfolio.”
As stability returns to commercial real estate, investors continue to reassess the current value of its real estate holdings and have come to rely on commercial BOVs as the most cost-effective way of obtaining estimated value to keep up with market volatility. “For some lender portfolios, vacant land and land-in development comprise a significant amount of their assets that until now,” observes Kevin M. Levine, Executive Vice President of Strategic Operations for Peak Asset Solutions, “has slipped under the radar. As a result, we restructured our reporting platform to include land analysis for existing clients, and the positive response was overwhelming. It made sense to implement a full-scale roll-out of the product to the commercial real estate community that integrates easily into our existing reporting suite allowing clients an easy decision in choosing for virtually every commercial product type.”
The newly-created Silver Land BOV Report provides a market-based evaluation of vacant land values and includes photos, narrative analysis on sold and listed comparable properties, and independent quality control checks, with optional subdivision and multiple lot analysis. The Silver Land report now joins the suite of existing Silver, Gold, and Platinum evaluation reports to provide fast, accurate snapshots of property values to in-depth financial analysis for all commercial property types.
Jaffe notes that the Silver Land BOV Report represents the company’s aggressive goal of proving itself an industry leader through innovative products to exceed the needs of its client base. “We will continue to define, design and refine our service offerings to increase our market share with only one goal in mind --- to aid our clients in making the best decisions possible on their investments.”
Peak Asset Solutions is one of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. The Peak Corporate Network entities offer mortgage lending, loan servicing, short sale services, 1031 exchange services, commercial workouts, trustee work, foreclosure services, real estate sale brokerage services, insurance and escrow services for both commercial and residential real estate. For more information, visit http://www.peakcorp.com.
The Peak Corporate Network is a brand that represents a group of separate legal entities, each providing its unique set of real estate services.