New federal regulations mean fewer commercial real estate-related loans will require an independent, certified appraiser to weigh in on a property’s value before a bank can lend against it. An inter-agency group of regulators decided on Monday to raise the threshold for commercial real estate deals that need approval from a state-certified appraiser from $250,000 to $500,000, Reuters reported. Now, financial institutions can utilize the less stringent evaluation process instead of a certified appraisal for […]
source https://therealdeal.com/miami/2018/04/02/feds-hike-threshold-for-appraisals-tied-to-commercial-real-estate-loans/#new_tab
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