Commercial: Financial Details

When the assessor supplies an estimated property market value, it appears here. When assessors supply only an assessed value, an estimated market value is created by using comparable sales.

A model-driven estimate of building square footage is supplied when assessor data are absent or are questionable.

It tells whether a mortgage default has occurred under the current owner or a prior owner.

An external database of credit risk concentrations at the census tract level is utilized and produces ratings of A, B, C, D, or F, which operate like school grades: A = lowest default risk & F = highest risk. N = not available.

Property value change using an industry property price index.

An external database of credit risk concentrations at the census tract level is utilized and produces ratings of A, B, C, D, or F, which operate like school grades: A = lowest default risk & F = highest risk. N = not available.

S = square footage; A = acres

This score pertains to properties that have loans now and also are located in areas with adequate notice of default history data. This score is to judge default risk on existing commercial mortgages. A score of 100 = national average; scores below 100 = less risk; scores over 100 = more risk.

A “Y” in this field means that the parcel is part of one or more of the three different multi-parcel property groups as defined by the three fields that follow.

This field holds the FIPS/APN of the primary (most valuable) parcel in a multi-parcel property, defined as all parcels that are collateral on the same mortgage loan provided to a single property owner.

This field holds the FIPS/APN of the primary (most valuable) parcel in a multi-parcel property, defined as all parcels at the same address. Owners of these parcels may be the same or different (for example, a commercial condominium building with different owners)

This field holds the FIPS/APN of the primary (most valuable) parcel in a multi-parcel property, defined as all parcels at the same address. Owners of these parcels may be the same or different (for example, a commercial condominium building with different owners).

This score is designed for lender underwriting purposes when a new borrower approaches them to seek mortgage financing when buying a commercial property. All records have a score based on property and local risk characteristics, not on the new borrower. A score of 100 = national average; scores below 100 = less risk; scores over 100 = more risk.

For the current owner, the total number of refinance or equity loans ever secured during the time of ownership.

Is the property owner-occupied? Y = yes or N = no; U = unclear. P means owner occupancy is “probable.”

When sources other than the assessor suggest a specific property use, this number indicates the level of confidence that the use supplied is accurate. 1 = very high confidence; 2 = high confidence; 3 = moderate confidence; 4 = uncertain.

Additional source data suggest that the property’s current use can be described more specifically than, or differently from, the use supplied by assessors.

Risk based on property use is graded by ratings of “A” (lowest risk) through “F” (highest risk). It is determined by a database of risk based on property use, looking at the most recent two-year default rates on commercial mortgages in 97 use categories. This database is updated monthly using notices of default.

Analysis suggests there is a problem with assessor-supplied building square footage. This most often occurs on properties with multiple buildings, where the size of only one building may be reported.