Evaluation
There is a significant market need for desktop valuation across the country.
BBG Evaluation delivers with an efficient and cost-effective solution for banks, insurance companies and whole loan and asset-backed investors needing a current assessment of property value to evaluate investments, reduce risk and make financing decisions.
Financial institutions are looking for one point of contact for all of their desktop valuation needs, and BBG Evaluation has the national coverage required to meet those needs. As a result, the nation’s top financial institutions are choosing to engage their desktop valuation with BBG Evaluation.
What is a Desktop Evaluation?
Our USPAP compliant evaluation reports leverage BBG’s nationwide database of commercial property values to provide faster, more cost-effective commercial valuations for lenders, investors and special servicers on qualifying properties.
BBG Evaluation follows U.S. Financial Institutions Reform Recovery and Enforcement Act (FIRREA) guidelines. The team uses the most relevant valuation methodology to deliver a report with an exceptional level of detail on the collateral, sales and rent comparables, current listings, local market conditions, and other valuation factors.
All desktop evaluation reports are reviewed by an internal quality control panel that is made up of MAI Certified commercial real estate valuation experts.
Paul E. Ping, MAI is a Senior Managing Director at BBG in the Denver office. His expertise is in real estate valuation and advisory services. With almost 40 years of valuation and consulting experience, Paul leads our program for Evaluations and other unique valuation solutions for clients.
With his wide range of experience and knowledge of federal banking and regulatory guidance, Mr. Ping coordinates the Evaluation of commercial real estate for a large and diverse clientele throughout the Americas.
Prior to joining BBG, Paul served as Executive Vice President of National Alternative Valuation for CBRE. Before CBRE, Paul spent six years as the National Director of Alternative Valuation at Cushman & Wakefield, eleven years as Senior Vice President and Chief Appraiser for Huntington Bank and six years as Chief Appraiser for PNC Bank. Before joining the banking industry Paul was a Senior Manager and leader of the Dallas office of PriceWaterhouse’s Valuation and Consulting Group.
