MorCap Fund Advisors, LLC (Valuation Division)
Within the past 36 Months, MorCap has performed valuations of over 25,000 nationwide properties for a wide variety of financial institutions totaling approx. $4.5 Billion in assets. At MorCap we recognize that the pace in which an institution implements solutions directly affects the value of its assets and the ability to maximize its return on capital.
Residential Valuations (Appraisals & BPO’s)
MorCap’s stringent valuation guidelines do not only consider the quality of our valuations by the presence of the data found in our BPO’s but rather, by extensive filtering and superior local market indicies as well as consideration of the end buyer’s input to assure our quality is the most reliable in the industry.
- Estimated value for subject property (30, 60, and 90 day marketing time for “as-is” and “as repaired”)
- Subject property condition
- Estimate of repairs to obtain fair market value
- Report of neighborhood market conditions
- Outline of expected market time
- Comparable sales and active listings comparison to subject property
- Interior and Exterior Subject photos (including photo’s of recommended repairs)
Commercial Valuations:
- Suggested/ Expected Sales Price
- Price per square ft. comparisons
- “as-is” and “as repaired” values
- Repair estimates (3 repair bids)
- Best use evaluation
- Comparable sales and active listings comparison to subject property
- Report on market data, and trends
- Property marketability
- Property topography
- Interior and Exterior photos
Net Present Value (“Best Use” Analysis):
MorCap’s unique service analyzes the net present value of the asset, determining the optimal disposition strategy by calculating net losses of UPB in immediate disposition vs. property rental return of assets. Our financial modeling takes into consideration local market data and factors such as adjusted appreciation/depreciation of neighborhood specific property values to accurately determine predicted mitigation strategies for each REO asset.
