2. Banks are willing to lend you more than you pay for a commercial property, so long...
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2. Banks are willing to lend you more than you pay for a commercial property, so long as the valuation for mortgage purposes is based on actual rental income divided by market cap rates. They are not concerned with what you paid for it, but rather what the rental income is and what cap rates are.
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Commercial Real Estate Investing A Creative Guide To Succesfully Making Money
ISBN: 978-0470227381
1st Edition
Authors: Dolf De Roos
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