Did you know? On April 9, 2018, the FDIC changed their rules. Per the federal agencies, commercial real estate transactions below $500,000 will no longer be required to have an appraisal.
Remember, just because the FDIC doesn’t require something… that doesn’t mean your local lender or bank won’t.
Want to read the full rules? Check them out here.
If you need help getting prepared for your next investment or business purchase, give us a call.
Jen Hudson
(206) 293-1005 or jen@hudsoncreg.com
Duane Petzoldt
(425) 239-1780 or duane@hudsoncreg.com