Renzi & Associates performs commercial real estate appraisal services for many different purposes.

 

Lenders & Appraisal Management Companies

We complete appraisals in connection with loan underwriting and asset management. We also serve lenders in the capacity of out-sourced appraisal reviewers. Appraisal reports completed for lenders are FIRREA compliant and are tailored to comply with any lending institution’s appraisal guidelines and specific terms of engagement.

Attorneys, Real Estate Tax Professionals, Assessing Officials, School Boards, Municipalities, & Property Owners

We perform current and retrospective market value appraisals for use in real estate tax appeals and/or real estate tax intervener cases. We also provide appraisal reviews and consulting reports to the aforementioned for the same purposes. Our reports are frequently followed by expert witness testimony.

Attorneys

Attorneys engage our firm to complete appraisals, appraisal reviews, and appraisal consulting assignments for eminent domain proceedings, divorce litigation, estate planning or settlement cases, zoning board of appeals cases, construction-related litigation, bankruptcy or foreclosure proceedings, etc. Our appraisals, reviews, and consulting reports are tailored toward the specific intended use and/or venue in which they may be submitted as evidence.

Mortgage Brokers, Property Owners, and Management Companies

We complete appraisals for FHA/HUD related financing and rent comparability studies which can be used for acquisitions and proposed property rehabs. Our reports are tailored to the specific government agency’s appraisal guidelines.

Developers

Developers seeking equity and debt financing based on the anticipated value and returns available from a project engage our office to provide investment analysis of conversion, adaptive re-use, subdivision development, and built-to-suit properties. these appraisals may include “as-is”, “as complete” and “as-stabilized” values depending upon the project and lender’s policies.

Real Estate Investors and Advisors

We perform current value appraisals of investment grade properties. We additionally complete highest and best use analyses, feasibility analyses, impact studies, and many other types of consulting assignments.

Tax Attorneys and Accountants

We provide estimates of market value as of specific statutory dates to support income tax, estate tax, or gift tax computations. Such estimates are often used to support tax computations should an IRS or state income tax audit occur.

Property Owners, Partnerships, or their Accountants

We perform valuations to support related-party transfers of property interests at market value or to enable an allocation of value to the various property components.

Tenants

Tenants engage our office to perform market rent surveys prior to executing a lease, lease extensions, or renewal options.