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For All Your Commercial or Multifamily Appraisal Review Needs...
COMMERCIAL APPRAISAL REVIEW @
Redner Commercial Real Estate Appraisal Review Services
The Federal Reserve has re-iterated that American financial institutions MUST have an effective, independent commercial real estate appraisal and evaluation program, and that commercial real estate appraisers performing reviews should "have the commercial real estate FINANCIAL knowledge and expertise to assess compliance with the Uniform STANDARD OF PROFESSIONAL Appraisal Practice as well as Federal Reserves appraisal regulations and guidelines.
Redner Commercial Real Estate Appraisal Service provide New York, New Jersey, New Hampshire, Pennsylvania, South Carolina, Mississippi and Louisiana commercial appraisal review services. Our COMMERCIAL REVIEWERS? are COMMERCIAL APPRAISERS? who are independent, qualified, professional and assure compliance with the; State, Federal Reserve, OTS, and USPAP guidelines. Our COMMERCIAL APPRAISAL REVIEW DEPARTMENT has over 100 years of commercial appraisal experience in 14 states.
Commercial Appraisal Reviews "should determine whether the commercial appraisal under review is appropriate for this transaction, the risk assessment of the transaction, and whether the process by which the Opinion of Value is obtained ensures independence and quality," the Fed says. They "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment.? The Fed also notes that "some banks supplement routine appraisal reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems." Moreover, an experienced un-biased Professional Commercial Appraiser should be utilized in transactions involving commercial real estate. Additionally, multi-state commercial property appraisers generally are the most experienced for your commercial review appraisal assignments. They are effective in the 5 types of Appraisal Review.
1. The Desk Review usually takes 4-6 hours.
2. The Enhanced Desk Review usually takes 8-20 hours.
3. The Exterior Inspection of the subject and the comparables used, 15-30 hours.
4. The Interior/Exterior Inspection of the subject, the comparables used and 3 additional sales and rentals. (The mini narrative appraisal)
5. The loan workout review and the Commercial Reviewers? recommendations as to how to proceed with a re-structuring of the Commercial Loan. The full narrative appraisal.
Commercial Appraisal Review services prepared by a multi-state Licensed Certified General Real Estate Appraiser supervised by a Master Reviewer provide the Lender with the HIGHEST QUALITY of expertise available in the industry at this time.
Performing Commercial Appraisal Reviews on narrative and form appraisals requires not only knowledge of OTC, FDIC, and USPAP guidelines but they also require an appraiser with years of experience in a particular property type. In addition to performing Commercial review appraisals on commercial appraisal reports, each Commercial Review Appraiser has the knowledge and experience to perform a competent extensive review appraisal on an apartment building, industrial parks, retail shopping center, office building, restaurant, gas station & mini market, hotels and casino?s, fast food restaurants, vacant land, and other special use real estate to determine if it meets the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines.
Various review appraisal formats are used for narratives; we can prepare your report on any one of them. Our appraisal review services include a "desk" review, a "field" review, a "short" form and a "narrative" review appraisal form. At Swift, our commercial review appraisers are experienced in all types of multi-residential and commercial review appraisal procedures and USPAP Standard 3 which defines the responsibilities of a review appraiser.
We understand what makes a quality commercial review appraisal and what the appraiser should look for as the most common deficiencies, especially in the ever changing portfolio real estate markets. At the same time, we are professional enough to recognize that our competitors in our market areas are also quite capable of doing a good job! The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on highly experienced commercial appraisers to ethically provide you with Redner Commercial Real Estate Appraisal Review Services. (RCREARS)
In short, you can rely on each of our experienced commercial review appraisers; independent judgment, because each appraiser at RCREARS offers professional, independent, objective, ethical commercial appraisal review services for our local and national clients.
RAY@RDREDNER.COM
Redner Commercial Real Estate Appraisal Review Services
845-417 1747 Voice
RAYMOND D. REDNER
Certified General Appraiser
? Real Estate Tax Appeal Review
? Bankruptcy, Divorce & Estate Appraisal Review
? Commercial & Industrial Appraisals Reviews
? Expert Witness
QUALIFICATIONS OF RAYMOND D. REDNER
MISSISSIPPI STATE CERTIFIED GENERAL REAL ESTATE APPRAISER
NEW HAMPSHIRE STATE CERTIFIED GENERAL REAL ESTATE APPRAISER
NEW YORK STATE CERTIFIED GENERAL REAL ESTATE APPRAISER
PENNSYLVANIA STATE CERTIFIED GENERAL REAL ESTATE APPRAISER
SOUTH CAROLINA STATE CERTIFIED GENERAL REAL ESTATE APPRAISER
Raymond D. Redner, CGA is dedicated to giving you prompt, professional service for all your Commercial real estate appraisal review needs.
Ray's office is completely computerized, from the moment he takes your order until you receive a detailed review appraisal report. At any point in the review appraisal process Ray can give you an up to date status report on each assignment. He prides himself on delivering, efficient, personalized quality service. It his policy to turn all Review Appraisal assignments around within 10 business days. Ray notifies each client of any delay that might prevent him from meeting a deadline. If you so desire he will fax you or email appraisal reports. If and when you have special needs he will do his best to accommodate them. Ray has over thirty-one years of Real Estate Appraisal experience in New York -- specifically New York and Sullivan Counties. He also has over 20 years of Appraisal Review Experience.
EXPERIENCE
? U.S. Contractor and Desk Reviewer of A/E, Underwriter and Appraiser of Residential D.E. Appraisal Reports.
? RD Contractor for Single Family and Multifamily Appraisal Assignments (concerning 515 programs), calculation of Subsidy and Rental Assistance; valuation of Housing Tax Credits and Advancement Inspections for construction funds.
? Random Auditor for various Government Insurance Funds.
? Appraiser, consultant and owner of my own real estate appraisal business.
? Handling fee assignments on all types of commercial, residential and industrial type real estate for financial institutions and governmental agencies.
Court Testimony:
? Qualified as an expert witness in New York.
? Prepared Appraisal Reports for the U.S. Bankruptcy Courts in Albany, Poughkeepsie, White Plains and Manhattan.
RECERTIFICATION:
NEW YORK STATE CERTIFIED GENERAL REAL ESTATE APPRAISER LICENSE
NEW HAMPSHIRE STATE CERTIFIED GENERAL REAL ESTATE APPRAISER LICENSE
SOUTH CAROLINA STATE CERTIFIED GENERAL REAL ESTATE APPRAISER LICENSE
? New York State Appraisal Course Instructor
? New York State Hearing Officer
? New York State Candidate for Assessor and Sole Assessor
? RECERTIFIED: USDA/FmHA 1-4 FAMILY HOUSING APPRAISER -- 1994-2001
? RECERTIFIED: USDA/FmHA MULTIFAMILY HOUSING APPRAISER
? RECERTIFIED: HUD/FHA Field Review Appraiser (#2200) -- 1991-2000
? RECERTIFIED: HUD/FHA Desk Review Appraisal and A/E Underwriter -- 1991-1999
? CERTIFIED: HUD/FHA Multifamily Appraiser SPP -- 1997-2001
You can be assured that each review appraisal assignment will be carried out in a thorough, professional manner as he exhausts all sources of information such as: local property owners, assessors, real estate brokers and in-house appraisal files.
All review appraisal reports, both residential and commercial are completed in accordance with USPAP and FIRREA guidelines and in conjunction with the State Appraisal Laws of Mississippi, New Hampshire, New York and South Carolina.
Ray looks forward to serving you in the near future.
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