Neil Victor

Something we have not made a big deal about, but may be meaningful to some of your clients is the fact that 10% of all royalties paid to SVNI benefit charity. In 2006 and 2007 Mark Van Ness donated 10% of SVNI’s stock to charity that his trust owned. Specifically, since 2007 10% of all SVNI equity and earnings are owned by the Orange County Community Foundation and benefits social enterprises around the country and the world. The other 90% of the company stock is now owned by Mark’s trust.

In terms of company revenue, although January and February were slow we are on the heels of a strong production month for March, and your activity reports indicate that this trend is to continue. Sperry Van Ness remains committed to consistently investing in your success, while maintaining a fiscally responsible approach to running a sustainable business. Given our agility relative to other national firms and our reach with nearly 1,000 advisors in 160 markets, we have a distinct advantage in our ability to mobilize the company to adapt to this exciting, emerging market, and expect our market share to grow considerably in the near term.

Although we are in the unique and highly enviable position of being debt-free with no present need of this funding, it is fantastic to have the additional liquidity. Mark Van Ness has further increased his financial commitment to the organization and issued an Irrevocable Line of Credit to SVNI

Kevin Maggiacomo | President

Sperry Van Ness | Corporate

maggiack@svn.com | www.svn.com

Sperry Van Ness International has specialist in all disciplines of commercial real estate. Members of the Sperry Van Ness Team are true Commercial Real Estate Advisors. Neil Victor, CCIM is Senior Advisor with Sperry Van Ness Huntsville Office. Being part of the SVN organization allows us to help our clients make sound real estate decisions.

Monday, March 30, 2009

April 1^st is no Fool’s joke if you happen to be working with any residential customers or properties.

Congress has seen fit to pass new appraisal guidelines for all loans beginning on the first.

Because the majority of most all commercial loans now must adhere to tougher guidelines, expect to see this applied to commercial evaluations as well.

Bottom line is this:

Effective April 1^st, 2009, all appraisals must be ordered through a lender approved appraisal service company. All appraisals will be subjected to additional internal market data which will certainly impact current values even further.

All appraisals will be paid for in advance and will mostly like rise to an average of $400-$450 for residential appraisals and up to $1,000 more for commercial appraisals depending on the service.

Community banks will be forced into a the minimum of a random choice of commercial appraisers but will most likely choose an appraisal service to avoid the wrath of examiners if a value on a default cannot be supported. National lenders have already switched to the service.

Check with us if you need a quick pre-approval on a sale. Don’t forget we pay a referral fee on commercial refinances. And SBA will be HUGE in 2009 lending up to 90% on many properties.

Rick Fitzgerald
Executive Manager
www.themultifamilyexperts.com
commercial@aamcap.com

Brought to you by Neil Victor, CCIM. Huntsville office of Sperry Van Ness. Member of the Alabama CCIM Chapter Commercial Real Estate Advisors. Specializing in Multi-family, and other types of Commercial and Investment Property

Our chapter sponsors, Chad Hagwood, Capmark, and Tom Crawford, The Title Group, will host their annual cocktail party on Friday evening, May 1^st, at the Village Door and want you to join them for a “Shot to the Economy”! Invitations will follow soon from Kristi Taylor at Capmark.

Brought to you by Neil Victor, CCIM. Huntsville office of Sperry Van Ness. Member of the Alabama CCIM Chapter Commercial Real Estate Advisors. Specializing in Multi-family, and other types of Commercial and Investment Property

The pressures of today's competitive market make it difficult to get ahead. You're looking to sharpen your skills and reputation, study the most recent issues and best practices affecting your business, and meet colleagues with whom to share experiences, swap ideas, and discover solutions. You value the great benefits and the distinction that comes with associating with a proven industry leader.

Create your own opportunities as an IREM Associate Member. IREM's Associate membership is ideal for individuals engaged in property, asset, and facilities management of all property types; those who work for real estate companies, corporate real estate departments, or government agencies; those who are not ready to pursue an IREM credential; as well as those pursuing a career in real estate.

Experience the countless privileges and credibility offered with a prestigious IREM membership. Some of the most valuable benefits include:

Professional Development

Develop leadership, analytical and management skills while learning about the latest industry changes and trends that affect your business. IREM courses, seminars and conferences are designed specifically for industry professionals such as yourself who want to improve their professional knowledge and increase their list of contacts. IREM members receive priority notice on all of these offerings as well as significant discounts.

Networking

Smart networking is more than swapping business cards. Develop one-to-one relationships with other real estate professionals at one of the many networking venues, including local chapter meetings and national conferences. Make valuable contacts for new concepts, new business, and new career opportunities and use the online IREM membership directory to interact with peers in your area and around the world.

Industry Resources and Information

Take advantage of the convenient resources designed to help you find information fast. Bimonthly, you'll receive the Journal of Property Management (JPM®) which offers coverage of critical real estate management issues and expert commentary. (For Information, Resources, Solutions and Training) at www. .org is your one-stop resource for real estate management information, where you'll find career information, forms templates, online skill builders and other tools that will facilitate your day-to-day business operations and help you reach new levels of success.

Affiliation with the Industry Leader

IREM leads the way in establishing professional standards that define the real estate management industry. IREM's members are recognized as leaders, and their knowledge and expertise are sought by owners and investors of real estate worldwide. Join IREM and count yourself among the best. The inherent value of an Associate membership is easy to see, especially when you consider just the dollar and cents. Your membership will pay for itself over and over again with the deep discounts on a wide range of products and services, including IREM courses, conferences, seminars, publications and vendor services.

Apply today using the enclosed application or directly online at www.irem.org. Brought to you by Neil Victor, CCIM. Huntsville office of Sperry Van Ness. Commercial Real Estate Advisors. Specializing in Multi-family, and other types of Commercial and Investment Property

Please pass this on to anyone you know that may have an interest. Thanks!

Courtesy of Neil Victor, CCIM, Sperry Van Ness Hunsville Alabama Office