How do bankers, appraisers and underwriters feel about ISBU homes or buildings?
Bankers and Appraisers have visited DwellBox and had wonderful things to say. Loans look to be easier to obtain through the smaller and regional banks that have a better understanding of the current local real estate markets. As long as the process of construction adheres to all underwriting standards, any DwellBox project will be considered real property and should appraise as such. Since appraisals are based on comparables, this is currently the biggest challenge for underwriters and bankers. They need to feel comfortable with the fact that an ISBU structure does not only compare in value to other ISBU structures, ( of which there are few ) but with any other comparable. This is the required path to obtaining a loan to buy or construct any ISBU structure.
