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 ‘Real Estate’
Construction Loans: the Myth of the “future Appraisal”
Thursday, March 25th, 2010Vacant Commercial Real Estate
Monday, October 6th, 2008
There is an interesting article from Business Wee (more…)
Building a Self Storage Facility
Saturday, May 3rd, 2008All Across the United States, entrepreneurs are talking about the self storage business. The word is out that investing in the mini storage business can be very profitable. And it’s not just the experienced investors that have their eye on the Self Storage Business prize. With lower building and management costs than virtually all other real estate investments and a failure rate of around 7 percent, the self storage industry i (more…)
The Next Best Disaster in Real Estate – Commercial Real Estate
Wednesday, April 23rd, 2008In our hard-hit economy everyone has seen the results of the housing crisis on neighbourhoods, homes emptied of residents and effects, yards overgrown, and for sale signs peeking out of the knee high grass. We are allegedly on the edge of recovering from the home property crash now and in the coming months, but the next crisis is allegedly about to transpire.
due to the struggling economy, many businesses are declari (more…)