deep SW On. | Town and Country - 9/12/2015 20:11
Yeah those pesky equity statements are going to take an ass kicking this year
For established guys here in Ontario anyways a bank is more concerned with net income and debt servicing than inflated or deflated values . Sometimes around 1980 our bank stopped asking for cash flow projections and equity statements as they really don't mean much. If buying land and financing it they do want a certified apprasial. Maybe real "net" values is buildings and equipment at depreciated tax value and land at purchased prices. |
Speaking of writing down values
