Posted by cochise on March 31, 2008 at 16:56:52:
The client says his current lender does not understand the business.
Translation: Beware, as the client is either "tapped out" or possibly is a workout credit that the current lender wants to exit. Look in a mirror to see the "greater fool."
We have an MAI appraisal that supports the request.
Translation: The appraisal is a made-as-instructed real estate valuation.