How new bank rule could impact commercial real estate in ABQ


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.

Alan Shettlesworth, president of Main…

Previous 3 New Mexicans to know, and follow the money
Next From a $10K watch to a $33K horse: Feds restrain more assets in Raleigh investment manager's case

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *