What is the major concem construction lenders express about the income approach to estimat ing value? Why

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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?

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Real Estate Finance And Investments

ISBN: 9780073524719

13th Edition

Authors: William Brueggeman, Jeffrey Fisher

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