Whether you call it a BPO or a BOV, a broker price opinion might best be viewed as an early or interim assessment of a commercial property's appraised value. As such, BPOs and BOVs offer a timely and crisp perspective from a qualified professional into small-cap commercial real estate values.
The Asset Value Report (AVR) furnished by Boxwood Means is everything that embodies a BPO. The only difference? It is better — much better.
If you live in a state where commercial broker price opinions are permitted and a FIRREA- compliant property evaluation is not necessary, an AVR is your best bet. Performed by our in-house veteran analysts and real estate experts, AVRs serve as a simplified asset valuation report with great depth of insight into what the market value is for your subject property. It essentially serves as a sneak peek into what the asset may command in dollar terms in the event of a future sale or disposition, or just for monitoring collateral values over time.
Let’s be clear: All commercial broker price opinions are not spun from the same cloth. Nor are many conveyed without potential conflicts of interest among brokers. Yet, Boxwood’s domain expertise, coupled with the fact that we render our asset valuation reports with complete indifference to a possible subsequent transaction, assures clients of a high-quality and independently derived value conclusion.
Is the property on which you need a BPO the subject of short sale or foreclosure? You can update the collateral value on delinquent or non-performing loans through an AVR. You can also use the report as a stepping stone toward loan modification, workout, and other resolutions.
Amid market uncertainties or economic instability, our monitoring capabilities can help you re-assess loan-to-value ratios so you can better anticipate changes and manage overall risk in your portfolio.
Whether in the form of real-estate owned, distressed, or one-off asset purchases, an AVR can help you reliably evaluate circumstances for investing in private or secondary markets.
Contact us today to learn more about what we do and how we do it.