Acquisition in a higher crime neighborhood

What should u offer on a performing 1st pos. note that has good collateral, strong equity,8.5 % yield, but is in a higher crime area. paid down consistently for 20 yrs. Is 70% of upb too high because of the crime in area? Lots of positives and 1 sizeable negative( or should I stay away bec.of the location even though all other factors are good )

8 comments

Acquisition in a higher crime neighborhood