One of the most common phrases I hear when dealing with a construction loan is: “The Future Appraisal.” This is usually used in the context of making sure that the property will have sufficient value for us to get the loan needed to complete the structure. Unfortunately, it’s impossible to appraise something “in the future.” You can only appraise value in the “now” because you only have comparable information “now.” It’s a (more…)
Posts Tagged ‘loans’
Construction Loans: the Myth of the “future Appraisal”
Thursday, March 25th, 2010Commercial & Construction Finance -Australia -Asia 2010 -Info For Borrowers & Brokers
Saturday, January 6th, 2007http://www.commercialfinance.org.au
HOW TO HELP YOUR COMMERCIAL FINANCE APPLICATION SUCCEED -THE THREE CRITICAL FACTORS
These days, whether you are borrowing $500,000 for your first Propery Development or Refinancing a $50,000,000 Equity Line of Credit, it’s all about a few critical factors in determining the Funding Application outcomes. Understanding these will give you a much improved chance of obt (more…)