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Updated over 7 years ago,
Mike DymskiPoster
#5 Investor Mindset Contributor
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- Greenville, SC
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What data will an appraiser use for a re-positioned apartment?
What time period (or data source) will an appraiser use for the gross rents (and expenses) of a recently re-positioned apartment community (T-3, current rent roll, near future rent roll, etc.)?
The re-appraisal will be used by my bank to cross-collateralize the re-positioned apartment with some of my other rentals for a commercial line of credit. I would like to time the appraisal to maximize value (but also not have to wait until every last unit has been turned and rent raised). I asked my commercial lender and he was unable to help. Thanks in advance for the assistance.
Mike