Before approving a commercial real estate loan, lenders need to establish the value of a property, usually from the cost, a recent AACI appraisal or municipal assessment.
Commercial real estate loans are funds that a lender is looking to secure against land and buildings. These loans are often called commercial mortgages. Before approving a commercial real estate loan, lenders need to establish the value of a property, usually from the cost, a recent AACI appraisal or municipal assessment.