Skip to content
BOL Conferences
Learn More - Click Here!

New Reply Thread Options
#2194478 - 10/02/18 06:33 PM Appraisal Requirement
Anonymous
Unregistered

Did a loan in 2011 for $550M on mixed-use properties. The loan has paid down to under $500. We are looking to extend the loan and provide some funding for minor improvements. The new money will put the loan amount back over $500M, the new appraisal threshold. I'm guessing I need an appraisal, not an evaluation.

Return to Top Reply Quote Quick Reply Quick Quote
#2194483 - 10/02/18 06:48 PM Re: Appraisal Requirement Anonymous
Tracey, CRCM Offline
Platinum Poster
Joined: Jul 2015
Posts: 542
Gorham, ME
What does your loan policy state?
_________________________
Tracey

Return to Top Reply Quote Quick Reply Quick Quote
Quick Reply:
HTML is disabled
UBBCode is enabled




Moderator:  MagicCity, P*Q, Truffle Royale