What is the major concem construction lenders express about the income approach to estimat ing value? Why
Question:
What is the major concem construction lenders express about the income approach to estimat ing value? Why do they prefer to use the cost approach when possible? In the latter case, if the developer has owned the land for five years prior to development would the cost approach be more effective? Why or why not?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Real Estate Finance And Investments
ISBN: 9780073524719
13th Edition
Authors: William Brueggeman, Jeffrey Fisher
Question Posted: