Posted by Tim Fierro (Tacoma, WA) on April 17, 2002 at 12:25:04:
You can approach it;
c) Don’t Approach
a) if it the comps show it is good, and the terms are right for the situation, and you want to see how good of a deal it is.
b) if the comps show it is worth a million dollars.
c) if the comps show it is only worth $10k.
Can you be more specific in your question? I don’t want to sound like Clinton; but can you define “approach” in your example?
FMV, Interest Rate, Exit Strategy, etc…