A new bank rule could give more flexibility to borrowers and buyers in commercial real estate.
On April 2, the Federal Deposit Insurance Corp., along with the Board of Governors for the Federal Reserve System and the Office of the Comptroller of the Currency, issued a new threshold for commercial appraisals for real estate. Previously, property values of $250,000 required an appraisal. The new rule bumps that threshold up to properties valued at $500,000.
