The Market in Review: 2nd Quarter 2012

John K. Hagist
VP Appraisal Svcs.
& Controller

Spring has sprung at Loeb and all our divisions have been busy in the field!

At Loeb Appraisal, we have been working on appraisal requests for a variety of new underwriting opportunities from financial institutions in addition to end-users that are acquisition minded. The uptick in activity is encouraging to see in the marketplace and has put our field appraisers in facilities all across the US, from Miami all the way to Kodiak Island, Alaska. The past few months have seen us in such diverse facilities as a NASCAR fabrication shop, a high capacity Mail Facility, a high-yield fish processing plant and a coffee roasting plant.

We continue to partner with Loeb Winternitz, our industrial auction company, and Loeb, our stocking inventory division, to stay up-to-date on the latest opinions of value with pertinent and relevant data from recent auction, liquidation and inventory sales.

If you have any upcoming needs, whether it be on the appraisal, auction, finance or equipment front, please do not hesitate to contact us. At Loeb, we view ourselves as a multi-faceted industrial resource and stand ready to be a partner in making the best decisions for your business.

Appraisal Market in Review as of April 2012

The Market in Review

John K. Hagist
VP Appraisal Svcs.
& Controller

Happy New Year, Everyone! Q1 has certainly started out being extremely active. Whether looking at our appraisal calendar, auction schedule or ongoing activity in the warehouse, I see nothing but a flurry of activity.

As we make the move into 2012, we thought it would be helpful to take a moment and share our perspective as relates to values and demands in a variety of industry sectors. Loeb Appraisal will publish our Market in Review on a quarterly basis.

If you have any upcoming needs, whether it be on the appraisal, auction, finance or equipment front, please do not hesitate to contact us. At Loeb, we view ourselves as a resource to you and your business.

 Appraisal Market in Review as of January 2012

Definition of Values from Loeb Appraisal

2011 has started with a flurry! In Q1 2011, Loeb has performed more appraisals for clients looking to underwrite new business than in the past 24 months. This demonstrates the pent up demand within the economy from the last couple of years. Creating lots of business in the appraisal world.

One particular banker recently asked Loeb to send him definitions of values so that he could continue to educate his team. We were more than happy to help as we have found the better educated our client is the better the entire process works.


There are four types of valuation that Loeb uses as the basis for their appraisals:

• Forced Liquidation Value (FLV): (previously known as "public auction value") The estimated gross income of a well-prepared and properly advertised sale conducted on the premises at the present time.
  Timeframe: 2-3 Months
  
  
• Orderly Liquidation Value (OLV): The estimated gross proceeds that could be expected from the forced piecemeal Sale (and removal) of subject property, privately negotiated.
  Timeframe: 6-9 Months
  
  
• Fair Market Value (FMV For Removal): The estimated highest gross value which a willing buyer would be justified in paying where the buyer would not continue to use the subject property in place for continued (same or similar) operations on a turnkey basis.
  
  
• Fair Market Value (FMV In Place): The estimated highest gross value which a willing buyer would be justified in paying where the buyer would continue to use the subject property in place for continued (same or similar) operations on a turnkey basis.

View the Complete Definitions & Glossary of Terms >

For more information or to schedule an appraisal with Loeb, please contact John K. Hagist at johnh@loebappraisal.com or (773) 496-5744.

Thank You for Helping Us Save 130 Acres of Rainforest!

A special thank you to all our customers and partners who helped us achieve our goal of 130 acres of reforestation & avoided deforestation!!

With 2010 having come to a close, we’re happy to announce 100% success in reaching our carbon offset goal of 130 acres of Rainforest conservation through the World Land Trust!

As you know, we couldn't have done it without your support. Your equipment purchase, appraisal, financing opportunities, or auction participation helped us reach our goal.

Thank you for helping us commemorate Loeb's 130th Anniversary by supporting us with this important cause. We look forward to being your Trusted Resource for Equipment Solutions in 2011 and for years to come.

To learn more about World Land Trust-US or to make your own contribution, please visit: www.worldlandtrust-us.org

Contact Loeb Appraisal for Your Next Valuation Project

Did you have an appraisal performed that you fell is too general or possibly inaccurate? Have your client's assets re-evaluated and re-appraised by the experts at Loeb Appraisal.

We perform industrial machinery appraisals across numerous industries, including:

• Food Processing
• Packaging
• Chemical
• Cosmetic
• Metalworking (All Categories)
• Plastics & Rubber
• Printing & Bindery
• Construction & Transportation
• Woodworking
• Material Handling

Advantages to working with Loeb for your next appraisal:

• We only perform market value appraisals on the equipment we buy and sell on a daily basis giving us key insight into market trends and current equipment developments and making the basis for our valuations actual historic data not just mathematical formulas.
• Loeb’s appraisal division is comprised of accomplished and credentialed professionals, each with 25 years or more of experience, who hold certifications from the Association of Machinery and Equipment Appraisers (CEA) and Equipment Appraisers Association of North America (CSA).
• All of our appraisals are USPAP compliant.
• Loeb Appraisal is a division of Loeb, a full-service equipment company providing: equipment sales, purchases, rentals and leasing, liquidation and auction services and purchase lease back financing.