“Banks determine property value for commercial loans by getting appraisals from certified, professional, independent commercial property appraisers.”
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Yep, the same as a residential mortgage.
In this case we have a ‘crime’ with no victim. The banks made the loans. Trump paid the loans back, plus interest.
“Crime” of the century with no victim.
Actually, we have a trial with no crime.
It's not a crime for you or me to walk into a bank and ask for a $50 million home equity loan on our billion-dollar 3-bedroom/2-bath home.
It may be silly or insane, but it isn't a crime any more than it is to make a $100 offer on that beautiful new red Ferrari on the showroom floor.
I genuinely don’t understand why banks require loan applications on real estate if the borrower’s info is to be disregarded.