I dont know philly well enough on rental new construction to comment. my banker was telling me that there are projects here in Oregon that have been put on hold.. thats the extent of my knowledge on those deals. 

The entire state is rent controlled, but some cities have stricter versions than the state wide provisions.

Note that there is no limit on the layers of the capital stack for a given project; however, the four layers below are the most widely used in commercial real estate.Common EquityCommon equity sits at the top of the capital stack.

This drastically changes the quality of renters you will access as well because you will undoubtedly not have enough time to go through each tenant to the fullest extent due to lack of systems. 

In Texas, we are prohibited from giving guaranties by our bar, but I would never even if it were not verboten.Big law, nation-wide firms, have nation-wide overhead that every billable hour must contribute towards. 

@Bonnie Low similar to what Patrick said, I suspect it could be the appraisal's fair market rent was either not included or the range was too wide for the lender's standards. 

If you can prove that prices have increased to that extent and show that the appraiser neglected to include that valuable information, then you have substantial ammunition to have a revision made.

Glendale's central location in the valley makes it a prime location, but that market has a wide range of neighborhood classes that should be considered before investing. 

These commercial loan are fixed term and fully amortized and widely available in the capital markets.

For instance, LA (our home market) if you stay in incorporated LA, its very tenant friendly, but the outer markets still work just as well and the only rent control is the state wide rent control.