Without sufficient nearby comps (for which tax estimates are not the best alternative) sometimes you can resort to abstraction. ------------------------------ Russell Smith CCO Pacific Enterprise Bank Irvine, CA (949) 623-7593 ---------------------- ...
Hi, Greg - Several years back, we adjusted our policy to require all residential construction projects over $1MM to be monitored "on a line item basis". We were having way to many project come in with cost overruns and the Borrower not having the liquidity ...
Peter, thank you for your reply. I thought was told me was regulatory, but it was more the bank's policy or guidance. Again, thank you. ------------------------------ Cheng Lim Retired Banker ------------------------------
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