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“Going concern” appraisals

Answered by: 
BOL Learning Connect
Eric Collinsworth

Question: 
We have a client who wants to use a branded hotel as collateral for a loan. The appraiser has indicated this will be a “going concern” appraisal. Is there anything special I need to know about this type of appraisal?
Answer: 

Going concern values will include more than just an opinion of the market value of the real estate. For compliance with Title XI of FIRREA, the value of the real estate must be identified separately from the going concern value for real estate secured loans.
Learn more about Eric Collinsworth’s webinar
Identifying Common Mistakes During the Appraisal Compliance Review

First published on 10/22/2017

Filed under: 
Operations
Filed under operations as: 
Appraisal

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