Feds Hike Threshold For Appraisals Tied To Commercial Real Estate Loans
Deals below $500k won’t require certified appraisal, instead of previous $250k limit
- An inter-agency group of regulators decided on Monday to raise the threshold for commercial real estate deals that need approval from a state-certified appraiser from $250,000 to $500,000.
- Raising the threshold “will materially reduce regulatory burden”
- Regulators originally proposed raising the limit to $400,000 to keep it in line with inflation.