What is the major concern construction lenders express about the income approach to estimating value? Why do
Question:
What is the major concern construction lenders express about the income approach to estimating 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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The income approach usually provides a good indica...View the full answer
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Rayan Gilbert
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Related Book For 
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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