Sacramento, CA – May 25, 2021 — CREtelligent.com today announced the addition of a Commercial Automated Valuation Model (CAVM) to its suite of real estate solutions. Through a partnership with Collateral Analytics (a Black Knight company), CREtelligent can now deliver an estimated property value to a commercial real estate professional in under 30 seconds.
With over a decade of leading-edge data science, econometrics, machine learning and artificial intelligence expertise, the Collateral Analytics CAVM provides the most advanced valuation model on the market.
“In the business of commercial real estate, knowing the value of your assets at any point in time gives you an advantage and can be instrumental in managing risk and maximizing returns,” said Anthony Romano, CEO of CREtelligent. “In some situations, speed is important, and the time and cost of a full appraisal is not an option,” said Romano, adding that the CAVM is not USPAP compliant or intended to replace an appraisal, but used to make or support value assumptions. Automated valuation models have been used for decades in the residential market and have grown in popularity in commercial market in recent years.
The CREtelligent CAVM provides an instant estimated property value or probable price and includes comparables used with low, high, mean and median ranges. It is loaded with property information including loan, tax, sales history, market statistics, rental prices, net operating incomes, rent rolls, and more. A CAVM can be generated for a single property or a portfolio and can be used on any property type: multifamily, industrial, retail, or office.
Romano said the company plans to further its offerings in the valuation space, noting that commercial evaluations and broker price opinions are valuation reports the company currently provides on its RADIUS platform.
About CREtelligent.com. Commercial Real Estate Due Diligence. Simplified.
Gold River, CA-based CREtelligent opened its doors in 2015 as eScreenLogic, a Commercial Real Estate (CRE) environmental due diligence firm focused on desktop, RSRA, Phase I, and Phase II site assessments. In late 2020, eScreenLogic rebranded to CREtelligent to better reflect the company’s vision. Since then, the company has grown quickly and today provides the full spectrum of property due diligence services to commercial real estate professionals.
Media Contact: Gary Kulik | firstname.lastname@example.org