REFINANCING

In commercial loan refinancing, lenders assess property value to determine loan amounts, typically allowing borrowing up to a certain percentage of the property's appraised value. Understanding your property's value is crucial as it impacts loan terms and the amount of equity you can leverage. Accurate property valuations empower you to negotiate favorable refinancing terms and optimize your commercial loan arrangements.

PROPERTY IMPROVEMENTS

When upgrading your commercial property to boost its value, it's essential to stay within market norms. Overpricing for the area could deter potential buyers. A commercial property valuation helps you understand your property's standing in the market, guiding improvement decisions effectively.     

We specialize in valuing commercial properties. Our assessments provide clear insights, ensuring your improvement plans align with market expectations. Contact us today to make informed decisions and maximize your property's value.

QUALIFYING FOR CREDIT

Considering borrowing against your commercial property? Various financing options are available, including commercial mortgages and lines of credit. To qualify, you typically need a minimum level of equity in your property, with most lenders requiring at least 20%. A property valuation is essential in determining your eligibility and is used by lenders to assess your loan application.

PLANNING

Though it’s not a necessity, simply knowing the value of your property is good information to have. It will help you plan for the future and deal with unforeseen circumstances when you might be in a position that requires extra money or a quick relocation. Knowing how much equity you have in your property and how much you may be able to borrow against it or sell it for will help you respond to any financial curveballs that life throws at you.