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Exploring the Essential Features of “Kyle Peterdy – How to Read a Commercial Real Estate Appraisal – CFI Education”
How to Read a Commercial Real Estate Appraisal
Learn to read, structure, and assess a commercial real estate appraisal.
Overview
How to Read a Commercial Real Estate Appraisal Course Overview
This course on commercial real estate appraisals examines a key piece of the commercial real estate value chain from the perspective of a credit analyst. You’ll explore why appraisals are an integral part of the real estate due diligence process and key sections of a commercial real estate appraisal document. This course will explore the nuances of completing a commercial real estate appraisal and give you a practical demonstration of how to complete a real estate appraisal checklist from the perspective of a credit analyst.
How to Read a Commercial Real Estate Appraisal Course Learning Objectives
Upon completing this course, you will be able to:
- Understand why appraisals are such an important part of the real estate due diligence process
- Identify key sections of the report and where to find the most important information
- Complete a real estate appraisal checklist
- Analyze multiple valuation approaches
- Understand how the appraiser uses comparable properties
- Identify what makes a good comparable property
Who Should Take This Course?
This How to Read a Commercial Real Estate Appraisal course is perfect for any aspiring credit analyst that would like to make a career for themselves in the real estate lending sector. This course explores concepts useful for beginner and intermediate-level banking and real estate professionals or business and finance students seeking to better understand a key part of due diligence in making commercial real estate financing decisions.
The exercises and tools explored in this course will also be useful for any financial analyst that wishes to work in credit analysis, business banking, commercial banking and lending, and other areas of credit evaluation as well as relationship management and risk management.
What you’ll learn
Introduction
Course Introduction
Download Course Files
Terms and Definitions Pt 1
Terms and Definitions Pt 2
Appraisal Background
Appraisal as a Tool
Estimated Market Value
Property-Specific Risks
Who Should Conduct the Appraisal
Real Estate Appraisal Format
Transmittal, Summary, and Terms of Reference
Letter of Transmittal
Intended User and Purpose
Completion Date vs. Effective Date
Expiration
Executive Summary
Terms of Reference
Property Description
Property Description
Land Use, Controls, and Zoning
Key Description and Analysis
Sale Ownership and History
Highest and Best Use
Midway Check-In
Property Valuation
Appraisal Methodology
Valuation Approach #1: Cost Approach
Valuation Approach #2: Income Approach
Valuation Approach #2: Income Approach – Direct Capitalization
Valuation Approach #2: Income Approach – Discounted Cash Flow
Valuation Approach #3: Direct Comparison Approach
Comparable Properties
Reconciliation and Signed Certificate
Addenda and Conclusions
Assumptions and Limiting Conditions
Supporting Documents and Conclusion
Debrief and Course Summary
Section 1: Introduction
Section 2: Terms of Reference
Section 3: Property Description
Section 4: Property Valuation, Conclusion, and Appendices
Summary
Qualified Assessments
Qualified Assessment
Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/
