Property Income Valuations
The Property Income Valuation section is where you’ll find Blooma’s market valuation, any valuations created from uploaded P&L documentation, as well as any custom valuations you have created for your Deal. Click on “Property Income Valuations” to view, edit, or compare any of your valuations in this section.
Creating a New Income Valuation (Manual)
To create a new Custom Income Valuation, click on “Property Income Valuations”. Next, click “Add Valuation” which will take you to the screen shown below where you can fill out a few fields to create your valuation including selecting a source for Income, Vacancy, Expenses, and Cap Rate. You can set your valuation as “Default” from this modal as well which will cause it to be utilized in some loan metrics like LTV.
Creating a New Income Valuation (Document Upload)
Creating a new Income Valuation through the Document Upload Center is easy. Simply open the Doc Upload Center modal at the bottom of the Deal Page and upload a Collateral P&L using the blue “Upload” button.
Blooma will then parse the appropriate information from your document, and you will receive a notification when your P&L data has been entered and your valuation has been created. Documents must be uploaded one at a time and you can edit and view your valuations in the Property Income Valuations section.
Comparing Income Valuations
To compare Income Valuations simply navigate to the Deal Page and click “Property Income Valuations”. From there, if you have more than one valuation, you can click “Compare” to see multiple valuations side by side.
Once you click compare, you’ll have to choose which valuations you would like to compare from the drop down menus at the top of the modal.
Property Sales Comps Valuations
Your Property Sales Comps Valuation is calculated using $/SF from your comps, and SF from the actual component’s unit mix. To alter your Sales Comp Valuation you can add and remove sales comps to more accurately represent your $/SF figure. To do that see our help section on Selecting Comparables.
Property Alternative Valuations
Your Property Alternative Valuations section is where any other valuation you have will be stored, such as a borrower or appraised valuation. Click on “Property Alternative Valuations” to view and edit these figures. You can also order a valuation through an appraisal service here.