Class Valuation, a national real estate appraisal management company (AMC), is acquiring Appraisal Nation, a Cary, North Carolina-based AMC specializing in valuation solutions for the private lending market.
Terms of the deal were not divulged.
The acquisition significantly expands Class Valuation’s footprint in the rapidly growing private lending sector, enhancing its service offerings and market reach. By integrating Appraisal Nation’s expertise, Class Valuation reinforces its commitment to delivering exceptional customer service and best-in-class appraisal experiences.
“Welcoming Appraisal Nation to the Class Valuation family is a key step in our strategy to modernize the appraisal process and strengthen our position in important market segments,” says John Fraas, CEO of Class Valuation, in a release. “By combining Appraisal Nation’s specialized expertise with our own technology and resources, we are better poised to deliver exceptional value for private lenders.”
Appraisal Nation’s team will continue to focus on specialty lending products while seamlessly integrating into the Class Valuation family. Appraisal Nation’s customers will gain immediate access to Class Valuation’s industry-leading technology and extensive network of highly qualified valuation analysts.
To capitalize on this synergy, Class Valuation is launching a dedicated Private Lending segment with Appraisal Nation founder Michael Tedesco at the helm. Tedesco’s deep industry knowledge, experience and meaningful long-term relationships in private lending will drive the growth and success of this new segment, the firm says.
