Mark L. Plourde – MAI

PROFESSIONAL QUALIFICATIONS OF MARK L. PLOURDE, MAI

Commercial Real Estate Appraiser, Reviewer & Consultant

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BUSINESS BACKGROUND

Maine Valuation Company (MAI/Managing Partner, 1994 – present) Maine Valuation Company is an independent commercial real estate appraisal, review and consulting firm providing a comprehensive range of professional valuation products and services throughout Maine.

Fleet Bank of Maine (Senior Review Appraiser, 1991 – 1994) Responsibilities included technical commercial appraisal reviews for compliance with the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), the Uniform Standards of Professional Appraisal Practice (USPAP) and Fleet Financial Group Appraisal Policy & Documentary Standards; quality control of departmental appraisal reviews; management of external appraiser vendor pool; internal collateral evaluation, and consultation on commercial, industrial, and residential real estate located throughout the state of Maine, ranging from $10,000 to $20,000,000 in value. Mark was Appointed Appraisal Department Team Leader and Banking Officer.

Buzzell‑Plourde Associates (Appraiser/Partner, 1987 – 1991) Mark performed commercial, industrial, and multi-family residential appraisal assignments in both narrative and form reports on various property types; conducted extensive market research & due diligence; performed internal residential review function; and appraisal office management.

Appraisal Associates (Staff Appraiser, 1984 – 1987) Mark prepared residential, commercial, and industrial appraisals and conducted market research for appraisal assignments. Maine Valuation Company acquired the assets of Appraisal Associates in March of 1997.

 

SCOPE OF EXPERIENCE

Numerous appraisals, review & consulting assignments on a variety of property types in Maine, including but not limited to:

  • Retail Shopping Centers
  • Strip, Neighborhood, Community, Outlet
  • Hospitality Properties
  • Hotels, Motels, Bed & Breakfast, Inns
  • Residential Multi-Family Projects
  • Apartment Projects – Market & Subsidized
  • Mixed-Use Commercial Properties
  • All types of Mixed-Use properties
  • Office Buildings
  • Medical, Professional; Owner-Occupant, & Investment Grade
  • Industrial Properties
  • Manufacturing, Warehouse, Distribution, Trucking Terminals, etc.
  • Special Purpose Properties
  • Self-Storage, Churches, Recreational, Institutional, etc.
  • Automotive
  • Dealerships, Car Wash, Mini-Lube, etc.
  • Restaurants
  • Independent, Chain, and Franchise
  • Land/New Construction
  • Lots, Acreage, Development Projects, etc.

 

CLIENT SERVICES & VALUATION PRODUCTS

The purpose of professional valuation services typically involve purchase and sale agreements, mortgage financing, collateral valuation, estate settlement, mediation/arbitration, valuation of leased fee/leasehold interests, insurable value/ replacement cost studies, feasibility, marketability, and highest and best use analyses for evaluation & planning purposes.

Client services and valuation products consist of Commercial Real Estate Appraisals and Reports; USPAP Standard Rule #3 Appraisal Review Reports; due diligence/research studies; and private consultation. Computer literacy in ARGUS, Word, and Excel, enhances the analytical and reporting service to clients. Professional service has been provided to numerous financial institutions, governmental agencies, insurance companies, corporations, lawyers, estates, and private individuals.

 

EXPERT WITNESS

Mark has qualified as an expert witness in Real Estate Valuation in Maine before: the York County Superior Court; the Androscoggin County Superior Court; the Cumberland County Superior Court; and, the U.S. Bankruptcy Court, District of Maine; the Maine State Claims Commission; and, the Suffolk County Probate and Family Court in Massachusetts. Mark has also testified on numerous occasions as Investigator for the Maine Board of Real Estate Appraisers in professional practice matters.

 

REAL ESTATE EDUCATION

Mark L. Plourde, MAI, is a cum laude graduate of the University of Southern Maine with a BS degree in Business Administration. He attended the University of Maine at Orono, Portland/Gorham, and Presque Isle for various Journalism, Business, and Real Estate related courses with a focus on real estate valuation, law, and management. A partial list of real estate appraisal courses successfully completed includes:

  • An Introduction to Appraising Real Property, Society of Real Estate Appraisers, Course #101
  • Applied Residential Property Valuation, Society of Real Estate Appraisers, Course #102
  • Principles of Income Property Appraising, Society of Real Estate Appraisers, Course #201
  • Applied Income Property Valuation, Society of Real Estate Appraisers, Course #202
  • Standards of Professional Appraisal Practice, Appraisal Institute, Courses #410, #420, & #430
  • Computer Assisted Investment Analysis, Appraisal Institute, Course #6
  • The Comprehensive Appraisal Workshop, Ted Whitmer, MAI, CCIM, J.D., MBA
  • Condemnation Appraising: Basic Principals & Applications, Appraisal Institute, Course #710
  • Condemnation Appraising: Advanced Topics & Applications, Appraisal Institute, Course #720

 

Numerous seminars on appraisal methodology, techniques, and regulations have also been attended, such as:

 

  • Financial Calculator Seminar
  • Subdivision Analysis
  • Understanding Limited Appraisals and Reporting Options
  • The Appraisers Complete Review
  • The Uniform Commercial and Industrial Appraisal Report
  • The Appraiser as an Expert Witness
  • The Americans with Disabilities Act
  • Real Estate Inspections
  • Rates, Ratios, and Reasonableness
  • Hotel & Motel Valuation
  • Special Purpose Properties
  • Health Care & Retirement Appraisals
  • The Appraisal of Special Use Properties
  • The Internet and Appraising
  • Detrimental Conditions
  • Business Enterprise Valuation
  • Easement Valuation
  • Appraising Auto Dealership Facilities
  • Computer-Enhanced Cash Flow Modeling, AI Course 810
  • Attacking & Defending Appraisals in Litigation
  • Real Estate Finance, Statistics, and Valuation Modeling, AI Course 5/1654
  • Complex Litigation Appraisal Case Studies
  • Commercial Bankruptcy, Workouts, and the Valuation Process
  • Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets
  • Apartment Appraisal: Concepts and Applications
  • Tenant Credit Analysis
  • Office Building Valuation: A Contemporary Perspective

 

 

PROFESSIONAL AFFILIATIONS

  • The Appraisal Institute

MAI Member of Appraisal Institute, #10609 (1994+)

Young Advisory Council, Appraisal Institute (1995, 1996)

Regional Ethics and Counseling Panel, Appraisal Institute (1999)

President, State of Maine Chapter of the Appraisal Institute (2000)

Leadership Development and Advisory Council, Appraisal Institute (2000)

Executive Director/Secretary, Maine Chapter of the Appraisal Institute (2007-2008)

 

  • Maine Board of Real Estate Appraisers

Maine Certified General Appraiser, # CG-258 (1991+)

Investigator to the Maine Board of Real Estate Appraisers (1998-2004)

Appraiser Member, Maine Board of Real Estate Appraisers, (2008-2009)

  • Maine State Claims Commission

Appraiser Member, State Claims Commission, State of Maine (1998-2002)

 

PARTIAL CLIENT LIST

 

Androscoggin Bank
AT&T Capital Corporation
BankNorth N.A.
Bank of America

Bank of Maine
Bangor Savings Bank
Bar Harbor Banking & Trust Co.
Bath Savings Institution
Bernstein Shur
Biddeford Savings Bank
Boulos Company
Camden National Bank
Cherryfield Foods

Cianbro Corporation
Comerica Bank
Citizens Bank

City of Portland
City of South Portland
Drummond Woodsum

Eastern Maine Health Care

First Citizen’s Bank
First Atlantic Corporation
First National Bank of Damariscotta
FleetBoston Financial
Fleet Financial Group
Gardiner Savings Institution, FSB

Genest Concrete Co.
G.E. Capital
General Services Administration

Goodwill Industries

Gorham Savings Bank
Grey Hound Bus Lines
Hancock Lumber Company

Howard Bank
J.B. Brown & Sons
Jensen Baird Gardner & Henry
Katahdin Trust Company

Kennebunk Land Trust
Key Bank

Inland Hospital
Leblanc & Young, P.A.
Libra Foundation
L.L. Bean Company

Linda Bean
Maine Bank & Trust Company

Maine Coast Heritage Trust
Maine Department of Conservation

Maine Department of Transportation
Maine Medical Center
Machias Savings Bank
Maine State Housing Authority
Merrill Merchants Bank
Midland Loan Service
National Cooperative Bank
Norman Hanson & DeTroy
Northern Utilities
Northeast Bank
Norway Savings Bank
Peoples Heritage Bank
Perkins, Thompson, Hinckley & Keddy

 

People’s United Bank

Peter B. Sang, P.A.
Pepsi Beverages Company

Pierce Atwood

PNC Bank
Preti Flaherty
Pride Manufacturing Company
Resolution Trust Company
Rudman & Winchell
Salvation Army

Saco Biddeford Savings Bank

Skowhegan Savings Bank
Small Business Administration
Smith & Wesson, Inc.
Southern Pacific Bank
The First, N.A.

The Trust for Public Land
Troubh Heisler

United Kingfield Bank
University of Maine
Union Central Life Insurance Co.
USDA – Rural Development
US Fish and Wildlife Service
Verrill Dana
Wal-Mart, Inc.
Webber Energy Company

Wells Fargo Bank