Colin Rice replied to the topic Lower valuation than the purchase price in the forum Help Needed! 8 years, 3 months ago
Purchase price was $500k for 4 x units loan for $530. Valuation came in at $475k
@Menunes That sounds like a xcoll loan structure. I would advise getting it restructured before proceeding with any subsequent purchases.
We looked at the rental opportunities and made the decision for purchase from the figures.
Taking up the equity on other…[Read more]-
Colin Rice replied to the topic Lower valuation than the purchase price in the forum Help Needed! 8 years, 3 months ago
Purchase price was $500k for 4 x units loan for $530. Valuation came in at $475k
@Menunes That sounds like a xcoll loan structure. I would advise getting it restructured before proceeding with any subsequent purchases.
We looked at the rental opportunities and made the decision for purchase from the figures.
Taking up the equity on other…[Read more]
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