Racine, Wisconsin (PRWEB) February 18, 2014
AEAB, a business asset evaluation and appraisal firm, has recently announced the launch of its new Commercial Property Evaluation Service. The new service is designed for bankers seeking collateral evaluations on commercial properties. Unlike more costly appraisals, commercial evaluations consist of market specific models such as price per square foot for industrial buildings or price per bed for hotels.
In the past, it was common practice for small to mid-size banks to provide this service in-house. However, it is now becoming more common for it to be outsourced to third party vendors because of the quicker turnaround they provide and for the opportunity to reduce liability.
The new service offering is expected to enjoy very good market acceptance based on current level of optimism in industry-related media. According to Sarah Borchersen-Keto on REIT.com, “After three years of momentum building in commercial property lending, analysts are projecting that institutional lenders will place what could be record amounts of capital into commercial real estate in 2014.”
AEAB owner Jacob Hoaglund commented, “We have been in the commercial market for over a decade with our appraisal division. Adding the Commercial Property Evaluation Service was a natural fit and gives lenders the opportunity to gain efficiencies and the ability to stay up to date with an ever-changing market.”
About us: AEAB offers a team of experienced Certified Appraisers, Business Analysts, and Brokers to service clients in all industry segments. Appraisers are qualified to prepare appraisals utilizing standards required by the IRS, Council of Foundations, and US Small Business Administration’s Standard Operation Procedures 50 10 (5). We deliver accurate product solutions that withstand strict scrutiny.