According to The Kiplinger Letter online, Federal regulators are considering increasing the commercial loan dollar amount that would trigger the need for an appraisal.
Currently the loan amount is $250,000 or more and the proposed increase is to $400,000 or more requiring an appraisal. If approved this would be the first increase to this amount in 23 years.
Commercial Broker Associate
McAllister & Associates
Real Estate Services
O: 512.486.3737
C: 512.970.8359
