Boxwood Means, Inc. has introduced Mercury PRO to support collateral evaluations and real estate market due diligence among small-balance lenders and investors. Mercury PRO is the industry's first automated valuation model (AVM) for small commercial properties with corresponding neighborhood-level market information. Its launch on SmallBalance.com comes at a time of increased demand by lenders for tools supporting commercial property valuations and real estate market assessment.
"In the current market environment, periodic review of CRE loan portfolios is of paramount importance to lenders," said Randy Fuchs, a Boxwood principal. "Mercury PRO delivers fast, targeted and reliable information that reduces the market risk associated with making small-balance loan decisions."
Mercury PRO combines the content of two other SmallBalance.com reports, VALPRO and the Mercury Report. Mercury PRO thus includes an AVM value for subject properties, correlating small-cap market information at the neighborhood level along with street maps and aerial building images. Fuchs added, "We believe Mercury PRO is a state-of-the-art type of report for property evaluations that can significantly enhance lender capabilities for collateral risk management in a cost-effective manner."
Boxwood launched the SmallBalance.com web site earlier this year to promote greater accuracy, dependability and speed of decision-making by lenders and investors in the small commercial property and loan space. SmallBalance.com data and analytics, which are directly linked to the performance of small commercial properties and markets nationwide, are updated on a monthly basis from large databases of property listings, sales transactions and other property data. SmallBalance.com subscribers to Mercury PRO, VALPRO and the Mercury Report products include leading U.S. commercial banks, non-bank lenders and services firms.