C-Loans Commercial Mortgage Lender Databank

115794 Resource 78777 78860 78860 1139710301562 1139710301562 Controlled Commercial Financing and BPO's

A BPO is a Broker's Professional Opinion

Commercial property appraisals are expensive, often costing $3,000 to $6,000.  In addition, new commercial real estate lenders quickly learn that apprasials are often over-inflated - especially if the appraisal was ordered by the borrower.Hard money commercial lenders have therefore learned to get at least one BPO on every deal.  A BPO is a Broker's Professional Opinion.  Unlike a narrative appraisal, a BPO is typically just a one-page summary of a local real estate broker's opinion of the property's market value.Local real estate brokers know their markets because they work their territory every day.  Unlike appraisers, who work from appraisal theory, local brokers work based on their experience in the trenches.  Their valuations are very often far closer to the truth.It has been the experience of your author, a hard money lender for 26 years, that many appraisals are a little too high.  On the other hand, the typical BPO is often a little bit too conservative.  My own hard money mortgage company regularly sells foreclosed property for 20% to 30% more than the BPO.  So the typical independent fee appraisal is too high, and the typical BPO is too low - but on average the typical BPO is closer to the actual market value of the property. 9 application/xml false BPO broker's professional opinion commercial appraisal commercial financing commercial loan commercial loan rates commercial mortgage commercial mortgage rates commercial real estate loan C-Loans Commercial Mortgage Lender Databank Apply to 750 Commercial Lenders in Just Four Minutes http://www.c-loans.com/onlineapp Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; .NET CLR 1.1.4322) 71.50.246.209 71.50.246.209 GBlackburne false true false false true 198508 false false true false false false true 208817 Resource 198508 173239 78860 1215690929788 1216079051518 Controlled Commercial BPO's

How do I sign up

Sear Sir:I am a commerical real estate broker with 36 years experience. I sometimes do residential bpo's and have done commercial bpo's. I would like to do more. how do I sign up to be a broker on your list?Sig Buster, III, CCIM 10 application/xml false Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 76.182.188.240 false true false false true 218117 Resource 198508 173239 173239 1226607531082 1226607531082 Controlled Residential and Commercial BPO's

BPO business wanted.

To whom it may concern,We are two experienced Commercial Realtors, who have also sold residential Real Estate in the Central Bucks County area of Pa. We are currently looking to do BPO's either for residential or commercial in this area.Please send us any information that might help us achieve our goal.Thank You,Sandra Keogh/Ray Joseph 10 application/xml true Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 74.0.243.48 false true false false true 78777 blog blogsite/CLoans/web