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Category: Lending and Appraisals

Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Posted on December 7, 2022

As year-end is approaching, we reflect on the past year and look ahead to the future. We’re grateful to work across several states and with so many great clients! In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information…

Inflation, Interest Rates and Commercial Real Estate

Posted on August 24, 2022September 9, 2022

With rising inflation and multiple interest rate increases in 2022, both are hot topics impacting the commercial real estate industry. We share our latest findings which help ensure we continue providing credible appraisals and valuations. Inflation and Interest Rates Inflation is running at more than a 40-year high with the July 2022 Consumer Price Index…

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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  • Helping Lenders Navigate the Commercial Real Estate Appraisal Process
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