Hi Mike,Check out Lexington House, they are the best in the biz for renderings and virtual staging.https://lexingtonhouse.com/

Or sometimes the vault door could be permanently rendered unsuable and placed in the open position behind plexiglass and maybe be used as a design accent.

So if there is an event that renders the land worthless I would lose all of the money I loaned?

So while it does say this:“(b)Appraisal independence For purposes of subsection (a), acts or practices that violate appraisal independence shall include—(1) any appraisal of a property offered as securityfor repayment of the consumer credit transactionthat is conducted in connection with such transaction in which a person with an interest in the underlying transaction compensates, coerces, extorts, colludes, instructs, induces, bribes, or intimidates a person,appraisal management company, firm, or other entity conducting or involved in an appraisal, or attempts, to compensate, coerce, extort, collude, instruct, induce, bribe, or intimidate such a person, for the purpose of causing the appraised value assigned, under the appraisal, to the property to be based on any factor other than the independent judgment of the appraiser;(2)mischaracterizing, or suborning any mischaracterization of, the appraised value of the property securing the extension of the credit;(3)seeking to influence an appraiser or otherwise to encourage a targeted value in order to facilitate the making or pricing of the transaction; and(4)withholding or threatening to withhold timely payment for an appraisal report or for appraisal services rendered when the appraisal report or services are provided for in accordance with the contract between the parties.”It immediately follows up with this:“(c)ExceptionsThe requirements of subsection (b) shall not be construed as prohibiting a mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, consumer, or any other person with an interest in a real estate transaction from asking an appraiser to undertake 1 or more of the following:(1)Consider additional, appropriate property information, including the consideration of additional comparable properties to make or support an appraisal.(2)Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.(3)Correct errors in the appraisal report.”Based on this discovery, I respectfully disagree with your interpretation of Dodd Frank as it pertains to my previous comment regarding appraisal reconsiderations.

@Mark Fries I can certainly see the rendering looks that way.

@Mark Fries this is a rendering for a 33 unit apartment in Northgate. it looks fake because it’s a graphic depiction of what the property will be.

DAMAGE TO PREMISES: If, by no fault of Tenant, Premises are totally or partially damaged or destroyed by fire, earthquake, accident or other casualty that render Premises totally or partially uninhabitable, either Landlord or Tenant may terminate this Agreement by giving the other written notice."

Right now you can get a RE loan for around 3 to 4 percent.However, $5k as part of a 25% down-payment means you can get a property priced $20k higher.A lot of math to go over, and not nearly enough info to render a good opinion.

I have question for all the real estate professionals out there, I am starting on a new project as a new real estate developer, I had a general contractor ask for my plans and rendering PDF (All are copyrighted) to get me bids, have you ever had a GC steal these plans and build your design right under your noise?

California Code, Code of Civil Procedure - CCP § 580d(a) Except as provided in subdivision (b), no deficiency shall be owed or collected, and no deficiency judgment shall be rendered for a deficiency on a note secured by a deed of trust or mortgage on real property or an estate for years therein executed in any case in which the real property or estate for years therein has been sold by the mortgagee or trustee under power of sale contained in the mortgage or deed of trust.