NAPLES, Fla. (PRWEB) October 29, 2020
Valbridge Property Advisors, a leader in CRE valuation technology, in conjunction with Tuco Tec LLC, announces the release of Valnow—a new, best-in-class automated valuation model (AVM) for the CRE industry. Valnow, developed by data science experts using multiple powerful artificial intelligence algorithms, allows users to capitalize on the market expertise of the best local valuation professionals for real time CRE valuation and instant analysis and reporting.
Valnow is designed to increase eﬃciencies through instant valuation analysis and reporting for CRE professionals, including lenders, asset managers, brokers, investors, Ad Valorem tax advisors, owners, accountants, appraisers and 401(k) fiduciaries. Valnow utilizes Valbridge’s appraiser researched and conﬁrmed transactions, leveraging the highest quality data from Valbridge Property Advisors’ 78 oﬃces to analyze industrial, oﬃce, retail, and multi-family properties. The data is collected, cleaned, enriched, and used to train the models. The results are then analyzed and validated prior to presentation to users in the form of a point-in-time estimate and conﬁdence score.
Valnow is not an appraisal according to the Appraisal Foundation’s USPAP definition of an appraisal. However, results from a Valnow report can be incorporated into an appraisal analysis. “There has been a high level of interest in this technology for some time,” says Burton Lee, MAI, Project Lead for Valnow. “In particular, for transactions that are below the de minimis, there is a need to do some kind of valuation, but lenders want to do it as quickly and as economically as they can in order to understand the relationship between a requested loan and the value of the loan collateral,” says Lee.
To learn more about Valnow: Real Time CRE Valuation, visit https://val-now.com/.
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About Valbridge Property Advisors
Valbridge Property Advisors is one of the largest commercial property valuation and advisory services firms in the U.S., with 200 MAI-designated appraisers, 78 office locations and more than 675 staff across the nation. Valbridge provides independent appraisal services consistent with the highest industry standards of practice. Each Valbridge office is led by an appraiser who holds the MAI designation of the Appraisal Institute. For more information about Valbridge Property Advisors, please visit https://www.valbridge.com.