@Steven Brown, while it would be fair to take the average of the market derived GRMs, it would be more accurate to calculate a value based on where the subject's GRM should fall within that range.

Quote from @Matt Browning: I think it may be beneficial if you clarify what kind of strategy you're looking at.

Hi @James Brown,To answer your first question, yes, new construction commercial loans are generally based on the rents the units will generate as well as the underlying value of the completed project. 

I am Christy Browning, a newbie real estate investor from the Denver, CO area.

In south city big light brown privacy fencing around his property. 

@Ian Walsh and @Brandon Brown - the main reason I'm nervous is that I have no idea what I'm doing with this property.

Words such as war zones, “urban” are often code for where brown and black people live, not where danger necessarily lives… Most of my success in real estate has come from not listening or paying attention to thinly veiled racism or socio-economic discrimination.

@Joseph Brown thank you for your input and insight! 

Quote from @Tony Brown: I don't attend any meetings but I am in the Philadelphia area and would enjoy having someone my age to bounce ideas off  Yea Tony anytime you wanna chat reach out 

@Rene Brown in my experience landlording wasn't as bad as I thought.