Peak Asset Solutions Reboots its Flagship Commercial Broker Opinion of Value Product Line with Silver, Gold, and Platinum Analysis Tiers

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Peak Asset Solutions refines its Commercial Broker Opinion of Value (BOV) report options to address the need in the commercial real estate valuation market for more accurate evaluation on commercial properties.

Kirk Jaffe, EVP, Valuations at Peak Asset Solutions

What we’ve done is to take myriad data points required to properly valuate commercial assets and package them in a format that allows clients an easy decision in choosing a level of analysis that is more closely aligned with their operating methodology.

"It’s about choice without confusion," states Kirk Jaffe, Executive Vice President, Valuations at Peak Asset Solutions (http://www.peakassetsolutions.com). "To meet the overwhelming demand for Commercial BOV valuations as a result of brisk activity in the commercial real estate section, we’ve undertaken an exhaustive and comprehensive process of restructuring client report options into categories that afford investors the flexibility and relevant analysis they need to complement the traditional commercial appraisal process without sacrificing time or incurring unnecessary expense," Jaffe continues.

According to a recent report released by the Urban Land Institute on April 10, 2013, commercial real estate transactions are projected to exceed $300 billion in 2013, with return on equity averaging 12 percent for the year. To maintain that level of return, buyers, lenders, and other involved parties have added Commercial BOVs as part of their evaluation strategy. Jaffe explains how Peak Asset Solutions’ realignment of reporting options meets the needs of the marketplace. "What we’ve done is to take myriad data points required to properly valuate commercial assets and package them in a format that allows clients an easy decision in choosing a level of analysis that is more closely aligned with their internal operating methodology."

Peak Asset Solution’s Commercial BOV Silver, Gold, and Platinum tiers of property valuation reports were developed by investors for investors to provide fast, accurate snapshots of property values to in-depth financial analysis for all commercial property types.

  • Silver BOV Reports --- for quick "eyes on the ground" valuation of commercial assets for pre-appraisal decisions
  • Gold BOV Reports --- for principals requiring more in-depth analysis of market values and potential returns
  • Platinum Reports --- for decisions demanding comprehensive valuation and financial analysis supported by granular interior inspections and the expertise of CCIM-certified agents

Designed to meet the needs of private investors, capital partners, asset managers and commercial banks, clients may choose the level of detail they require to value performing, non-performing and newly-originated commercial properties. Kevin M. Levine, Executive Vice President of Strategic Operations for Peak Asset Solutions, positions the product restructuring as a more efficient way of delivering services. "By making the reporting levels more accessible and easier to understand to our diverse target market, we can process orders more efficiently and assign the appropriate valuation specialist for faster and more accurate reporting."

Jaffe and Levine note that this is just the first phase in overhauling the Commercial BOV product to exceed market needs. "This is just the beginning," says Levine. "As we’ve refined our delivery channels to provide efficiency, look for the introduction of enhanced online channels in the third quarter of 2013 to capture an even larger market share with online order placement and real-time analysis results 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.

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Wendell J. Grayson
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