Do you think the land being free and clear (along with building costs) is the key to getting approved? 

I am building teams in each key market.  

At that price point you will find condition of the property is key and quality of tenant is critical.

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If the bathroom was renovated and looks great then maybe something like that would really take away from the rest of the upgrades.  

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I know shopping around is key to get the best rate, but I was just wondering if anyone else had any recommendations on the best approach to take when speaking with lenders/good questions to ask when going through that process.

Hello @Walter Key, @Rony Calixte, @Cassandra Hammond, @Chris Soignier, @Christopher Petalver, @Awen Thomas, @Greg B., @Al Wilson  Sorry for the delay in responding.The company is NCC and the contact is David Goldenberg, we are unable to post contact details please contact me direct.There are no other fees above the 10% of the funded amount, if no funding no fees.Good Luck building your business credit.MarZia

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Way back when in my finance courses I remember a few key lessons on how valuation happens.