Multifamily appraisal....what the $&?#
Hello all! 3 weeks ago my lender told me my appraisal was ordered. Since that time my loan was presented to a loan committee for approval which I did receive! Still after 3 weeks no appraisal!!!! I’ve got contractors on stand by, insurance company waiting, property manager waiting and rates keep inching up!!! What the heck should I do? I contact the bank every couple of days and feel like I’m getting nowhere. Does this sound typical? My first ever commercial loan.
Most Popular Reply
It should take about 3 weeks after the appraiser visits the Apartment complex. How many weeks has it been?
Swanny