About This Course:
This webinar covers the fundamental principles and features of CRE appraisals.
What You'll Learn:- Types of appraisals by format
- What to look for within the assumptions and limiting conditions
- Property ownership interests clarified (fee simple, leased fee, etc.)
- Highest and best use of the property
- Approached to value
- Cost approach and information useful in the underwriting and loan structuring process
- Income approach options of discounted cash flow (DCF) and direct capitalization, with the steps to building net operating income (NOI) and the cap rate used in direct capitalization (including a case example)
- Comparables and the key issue to consider when selecting and evaluating comps
- Reconciliation of value