(Smaller tenant pools, can't charge as much rent relative to ARV, etc.)That's a really interesting business model.

MC used to have some of the best schools in the state and the strongest real estate market trends; these days, they don't have a single high school in the top 20 in the state and the real estate market has stagnated relatively to other wealthy counties in the area.While I'm not presuming this is the sole reason for what you're seeing, it's interesting to note that MC is undergoing some changes. 

Have they been property related ie apparisal issue, environmental issue etc.

Not related to Real Estate necessarily, I was wondering if someone has a good calculator online for a general business loan.

Someone correct me of I'm wrong, but isn't there a % limit of what banks will give on a HELOC loan in relation to the appraised value?

He obviously was suffering from stress related issues.

draws relating to the construction aspect to it?

The due diligence of seeing if there are any surrounding issues of the transaction exist or if compliance is met.Now, again, if that's what they do in Cali, more power to them and the related parties, if they aren't concerned with a buyer and seller or either one skating by with something undisclosed, under any circumstance, then so be it.I can say I wouldn't fund any loan in a closing that was not fully insured where the settlement agent determines that all contractual obligations were met, documents properly executed and filed.

We all make mistakes constantly, and part of the trick is to set egos aside and analyze what we did objectively.

This page:Eliminating the Prohibition on General Solicitation and General Advertising in Certain Offeringsdescribes what is reasonable:The determination of the reasonableness of the steps taken to verify an accredited investor is an objective assessment by an issuer.