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Updated almost 8 years ago,
Broker Price Opinion- Crime
I'm interested in a note in an established, older inner city area in Ohio. The area looks to be in good shape, the owners pay their bills on time, the property is not in need of repair, and the market is stable. The vandalism risk is medium--which wouldn't necessarily be a turn-off--but the BPO says that in early January, there was an increase in criminal behavior, including 2 shoots, assaults, and thefts. I don't know close to the property it was or how much of a factor it should be. What do you think? The note is for under $20k.
Thanks.