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Category: Lending and Appraisals

2020 Banking and Construction Lending Trends for Minnesota

Posted on August 24, 2020August 28, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate.  At Simonson Appraisals,…

In the appraisal world no news is good news

“No News is Good News” – It’s What We Strive For

Posted on June 10, 2020July 22, 2020

“No news is good news” is more than just a saying. It’s the outcome we strive for following the appraisal process. As an appraiser, it means we nailed that sweet spot and produced an accurate appraisal. The sweet spot is not a predetermined number or target, but rather a number that is within a comfortable…

Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Posted on January 24, 2020July 21, 2020

I attended the 2020 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. This year had a slight twist as I was invited to speak on the multi-family panel. Topics centered on valuation trends for the retail, industrial, office and multi-family property…

2019 Greater MN Apartment Trends

Posted on October 1, 2019July 21, 2020

Over the past several weeks (August and part of September 2019), Simonson Appraisals appraised 20+ apartment buildings across Minneapolis/St. Paul and greater Minnesota as part of a single portfolio. Appraisal portfolio assignments are excellent projects as it allows us the time and resources to do a deeper dive into value trends impacting the property sector…

Welcome Jon Hicks

Posted on September 9, 2019October 1, 2019

I’m excited to announce the new addition of Jon Hicks to our team at Simonson Appraisals! Jon graduated with a degree in Real Estate with an emphasis in Commercial Appraisal from St. Cloud State University in 2006. He has significant appraisal experience in the areas of property tax appeal, mortgage financing and property tax assessments….

Appraisals and Intended Users

Posted on May 9, 2019July 31, 2019

On occasion, banks request an appraisal and the appraisal report is delivered. After digging deeper into the project, they realize the U.S. Small Business Administration is involved in the loan and a request is made to add them as an intended user. According to USPAP (appraisal guidelines that appraiser’s are required to follow, this mandates…

SBA Lending and Appraisal Insights

Posted on October 27, 2016April 10, 2019

I recently taught a workshop titled Navigating the Appraisal Process at the 4th Annual SBA Lender Conference in Minnesota. Continuing the theme from last month, this article highlights some key terms and thoughts about going concern value and specific U.S. Small Business Administration business and real estate appraisal requirements. I presented some ideas to help lenders, banks reviewers…

Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Posted on September 29, 2016April 10, 2019

In September 2016, I participated in the 4th Annual SBA Lenders Conference at Marriott Minneapolis Northwest, Brooklyn Park, Minnesota. I was a speaker at the SBA Lenders Conference and my presentation was titled “Navigating the Appraisal Process” on September 8, 2016. Having worked with several different lending institutions completing appraisals for SBA financing, I presented some ideas…

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Recent Posts

  • Impact of COVID-19 On Appraisals
  • Appraisals and Valuation Concerns in the Current Market
  • 2020 Banking and Construction Lending Trends for Minnesota
  • Navigating the Appraisal Process – What You Need to Know
  • Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

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