SOURCE: Clear Capital

Clear Capital

October 05, 2011 08:00 ET

The Bar Is Raised Again: Clear Capital's Next Generation Commercial Valuation Products to Set New Standards for Quality, Service and Speed

Company Hires Veteran Appraiser to Lead New Team and Develop Solutions to Help Clients Better Evaluate Commercial Properties

TRUCKEE, CA--(Marketwire - Oct 5, 2011) - Clear Capital® (www.clearcapital.com) announces the release of its next generation commercial valuation products today, and the appointment of Erik Lundquist as Director of Product Management, leading the company's commercial valuations efforts. Lundquist will oversee the creation and delivery of Clear Capital's current and future commercial valuation offerings, including Broker Price Opinions, Evaluations, Appraisals and Property Inspections.

The commercial market has shown similar trends as the residential market over the past few years, including steep price declines largely due to the increase in distressed properties and general oversupply of loans. These factors are driving the need for a wide variety of high quality commercial valuation products.

Clear Capital is launching its new Commercial Broker Price Opinion (BPO) and Commercial Evaluation products at the California Mortgage Bankers Association's 14th Annual Western States CREF Conference at the Wynn Encore resort in Las Vegas this week. The BPO is an alternative to an Appraisal when a high quality, fast, and clear opinion of selling price is needed on a commercial property. The 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. The Clear Capital Evaluation 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. "This new round of products is not only a game changer in form, but also in that they are delivered with our unmatched service and quality levels; a huge need in the commercial valuation space."

Erik Lundquist has an impressive background of more than 10 years in the commercial real estate industry. Prior to joining Clear Capital, he worked at one of the leading appraisal providers in the Sacramento area where he performed commercial 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 new and innovative ways to better serve customers that are truly game changers."

Lundquist joins an existing staff of licensed appraisers with commercial experience, including the company's Executive Vice President and Chief Appraiser, Dave DeMello, who also brings a decade of commercial valuation knowledge and experience.

"We were fortunate to work alongside Erik prior to his joining Clear Capital, and knew he was a perfect fit for our organization," continued 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."

Clear Capital's new offerings meet the needs of commercial loan servicers, loan investors and loan due diligence providers and lenders, whether they're looking for a reliable sales comparison, income capitalization BPO, or an inexpensive commercial alternative to a traditional Appraisal. This release of commercial products by Clear Capital is the beginning of a broader commitment to the commercial market in both products and staffing, and the company expects to be announcing these additional offerings and investments in upcoming months.

More information on Clear Capital's commercial offerings can be found at: http://clearcapital.com/products/comm-val.cfm.

About Clear Capital

Clear Capital (www.clearcapital.com) is a premium provider of residential and commercial data and solutions for real estate asset valuation and risk assessment for large financial services companies. Our products include appraisals, broker-price opinions, property condition inspections, value reconciliations, and home data indices. Clear Capital's combination of progressive technology, high caliber in-house staff and a well-trained network of more than 40,000 field experts sets a new standard for accurate, up-to-date and well documented valuation data and assessments. The Company's customers include the largest U.S. banks, investment firms and other financial organizations.

Contact Information

  • Media Contact:
    Michelle Sabolich
    Atomic PR for Clear Capital
    415.593.1400
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