Clear Capital has announced the release of its new commercial valuation product, the Commercial Broker Price Opinion (BPO) and Commercial Evaluation. The re-designed Clear Capital Commercial BPO can serve as an alternative to traditional commercial appraisals when a high-quality, fast and clear opinion of selling price is needed on a commercial property. Erik Lundquist, Clear Capital's new director of product management, will leading the company’s commercial valuations efforts and oversee the creation and delivery of Clear Capital’s current and future commercial valuation offerings, including BPOs, evaluations, appraisals and property condition inspections.
Clear Capital's Evaluation product was developed to provide accurate values of commercial property when it is being used as collateral for a business loan under $1 million in certain states, and it is fully compliant with Interagency Guidelines and is designed to lower the cost and shorten the delivery time for valuations used for these types of loans.
“For over eight years, we have performed various commercial valuations, and studied the needs and changing environments. Commercial has always been in our DNA,” said Kevin Marshall, president of Clear Capital. “Our latest round of commercial products is not only a game changer in form, but is fully compliant to the latest standards, and delivered with our unmatched service and quality level—a huge need in the commercial valuation space.”
Lundquist has more than 10 years in the commercial real estate industry. Prior to joining Clear Capital, he worked at one of the leading commercial appraisal providers in the Sacramento, Calif. area where he performed valuations for a wide variety of properties types including retail, office, industrial, agricultural, multi-family and special purpose properties.
“I was drawn to Clear Capital’s strong vision, and am excited for the opportunity to change the way the world looks at commercial real estate valuations,” said Lundquist. “Clear Capital finds innovative and forward-thinking ways to better serve customers that are truly game changers.”
Lundquist joins an existing staff with deep commercial experience and many certified general appraisers, including the company’s Executive Vice President and Chief Appraiser Dave DeMello, who also brings years of commercial valuation knowledge and experience.
“Our team was fortunate to work alongside Erik prior to his joining Clear Capital, and knew he was a perfect fit for our organization,” said Marshall. “His extensive knowledge and strong background in commercial valuations as an appraiser is accompanied by his creativity and a deep care for our clients.”
