Avatar's Blog

» Appraised Value, Purchase Price, and More

Posted on 3/12/2005

Sometimes even short forms can be daunting. Here are some tips for filling out Avatar Financial Group's short commercial loan form:

  • If you are refinancing a property - tell us when you bought the property and how much you paid for it.
  • Tell us when the last appraisal was completed and what the value was at that time
  • Tell us what you have added to the structure in terms of cash, work, filling leased spaces, etc. Tell us about any improvements in the neighborhood, increases in rents, etc., etc.

When we have a full idea of the reasons you believe the value of your property to be what you say it is, we will better be able to take a serious look at your loan request with a favorable eye.

Posted in Miscellaneous