appraisal

Last June, on a sweaty summer evening, in our 550-square-foot Brooklyn apartment filled to the brim with towers of stacked moving boxes, my partner and I took a final appraisal of what our cross-country move to New York City had officially cost us.

“They’re laying the groundwork to contest the results,” said Molina, who works in real estate appraisal.

In September, B. Riley said it had sold a majority stake in its Great American appraisal and liquidation business for about $203 million to Oaktree Capital Management, while retaining a 47% stake valued at roughly $183 million in a new holding company it formed with the L.A. distressed asset manager.

Earlier this month, B. Riley sold a majority stake in its Great American appraisal and liquidation business in a nearly $400-million deal that earned the company $203 million in cash and left it with a minority stake valued at roughly $183 million in a new holding company it is forming with Oaktree Capital Management, the Los Angeles global investment manager that specializes in distressed assets.

After an appraisal, the bank deemed that my home had indeed appreciated to 80% or more of the loan value.