HOUSE_OVERSIGHT_018815.jpg
1.76 MB
Extraction Summary
0
People
8
Organizations
3
Locations
4
Events
2
Relationships
2
Quotes
Document Information
Type:
Property appraisal report
File Size:
1.76 MB
Summary
This document is page 5 of a property appraisal report for the IGY American Yacht Harbor Marina, prepared by an appraisal firm (likely 'irr.'). The appraisal was conducted for the client, Banco Popular de Puerto Rico, to be used for commercial credit administration. The page outlines the various professional standards the appraisal adheres to (USPAP, RICS, etc.) and includes a declaration that the appraisers have not provided any services related to the property in the prior three years.
Organizations (8)
| Name | Type | Context |
|---|---|---|
| Appraisal Institute |
Source of 'The Dictionary of Real Estate Appraisal' and provider of professional standards for the appraisal.
|
|
| Banco Popular de Puerto Rico |
The client and intended user of the appraisal report for commercial credit administration.
|
|
| American Society of Appraisers |
Provider of professional standards (Principles of Appraisal Practice and Code of Ethics) that the appraisal conforms to.
|
|
| RICS (Royal Institution of Chartered Surveyors) |
Provider of professional standards (Valuation Professional Standards, RICS Red Book) that the appraisal conforms to.
|
|
| IVSC (International Valuation Standards Council) |
Provider of the International Valuation Standards that the appraisal conforms to.
|
|
| irr. |
Logo in the footer, likely the appraisal firm that authored the report.
|
|
| IGY American Yacht Harbor Marina |
The subject property of the appraisal, mentioned in the footer.
|
|
| HOUSE_OVERSIGHT |
Part of the document identifier in the footer, suggesting the document is from a House Oversight committee collection.
|
Timeline (4 events)
2010
Publication of 'The Dictionary of Real Estate Appraisal, Fifth Edition' by the Appraisal Institute.
Chicago, Illinois
An appraisal of the IGY American Yacht Harbor Marina was conducted for commercial credit administration.
IGY American Yacht Harbor Marina
irr. (appraisal firm)
Banco Popular de Puerto Rico (client)
June 7, 1994
Revision date of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA).
Locations (3)
| Location | Context |
|---|---|
|
Location of the Appraisal Institute.
|
|
|
Location of the client, Banco Popular de Puerto Rico.
|
|
|
The subject property of the appraisal.
|
Relationships (2)
The document states that Banco Popular de Puerto Rico is the 'client and intended user' of the appraisal report prepared by the firm represented by 'We' and the 'irr.' logo.
The document is an appraisal of the IGY American Yacht Harbor Marina, conducted by the firm represented by 'We' and the 'irr.' logo.
Key Quotes (2)
"The intended use of the appraisal is for Commercial credit administration. The client and intended user is Banco Popular de Puerto Rico."Source
HOUSE_OVERSIGHT_018815.jpg
Quote #1
"We have not performed any services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment."Source
HOUSE_OVERSIGHT_018815.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (2,316 characters)
General Information
5
include the value of excess profit, where asset values are derived consistently with the going-concern premise.”
(Source: The Dictionary of Real Estate Appraisal, Fifth Edition, Appraisal Institute, Chicago, Illinois, 2010)
Intended Use and User
The intended use of the appraisal is for Commercial credit administration. The client and intended user is Banco Popular de Puerto Rico. The appraisal is not intended for any other use or user. No party or parties other than Banco Popular de Puerto Rico may use or rely on the information, opinions, and conclusions contained in this report.
Applicable Requirements
This appraisal is intended to conform to the requirements of the following:
• Uniform Standards of Professional Appraisal Practice (USPAP);
• Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute;
• The Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers
• The RICS Valuation Professional Standards;
• The International Valuation Standards of the IVSC;
• Applicable jurisdictional regulations;
• Appraisal requirements of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), revised June 7, 1994;
• Interagency Appraisal and Evaluation Guidelines issued December 10, 2010;
• Appraisal guidelines of Banco Popular de Puerto Rico.
• Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute;
• The Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers
• The RICS Valuation Professional Standards;
• The International Valuation Standards of the IVSC;
• Applicable jurisdictional regulations;
• Appraisal requirements of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), revised June 7, 1994;
• Interagency Appraisal and Evaluation Guidelines issued December 10, 2010;
• Appraisal guidelines of Banco Popular de Puerto Rico.
Prior Services
USPAP requires appraisers to disclose to the client any other services they have provided in connection with the subject property in the prior three years, including valuation, consulting, property management, brokerage, or any other services. The RICS Red Book also contains requirements for valuers to disclose previous involvement with the subject property within twelve months. We have not performed any services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.
Competency
We hereby confirm that we possess adequate knowledge and skills to perform the assignment competently, including an understanding area/regional market conditions, and factors which pertain to the property type in question.
IGY American Yacht Harbor Marina
irr.
HOUSE_OVERSIGHT_018815
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document