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Home / News / Construction / Commercial appraisals stabilize on existing buildings, still pose challenge for new construction (access required)

Commercial appraisals stabilize on existing buildings, still pose challenge for new construction (access required)

More commercial appraisals are working out lately, at least on existing buildings. That means more loans to buy the properties are, too. Lender and borrower hope an appraiser determines a building’s value is at or above what the prospective buyer offers to pay. Loans are based on a percentage of appraised value. When an appraisal comes ...

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