I've had smooth loans close with Kiavi and I've had rough ones, same with Roc.When Loans start to be troublesome:1) The borrowing entity docs are a mess2) The appraisal numbers are lower than expected3) Messy background reports4) Loans happening in an environment where market/rate fluctuating unpredictably 5) Your loan officer and their team are poor at their job6) Title issues that depend on county docs, that can be slow and painfulThere's more but it's Friday and I'm tired....

I'm not sure what the current appraisal value is, but comps in the area range from $600k to $1M+.

As Jonathan mentioned it can be done, but they may require an appraisal of the property. 

This allocation should be based on the fair market value of each component, typically determined through an appraisal or the values agreed upon in the purchase agreement.

I've sold over 80 homes personally in the last 30 months and I'm usually within $5k of the appraisal report when I run my CMA for clients.

Have you had an appraisal done recently, or do you have comps to estimate the property's market value?

Also what does the city say is the assessed value of the property on your taxes (it will be different than the appraised value, but should give you an idea).

Are there similar properties in the area that an appraiser can use for comps? 

Address  |  Area | City  |  Zip Code | Beds  | Baths  |  SQFT  |  Appraisal Date |  Appraised Value  |  Link to AppraisalI have one appraisal to contribute.

Building appraised out at $1.5M and I ended up leaving a small amout in the project (~$90k).