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bombcaryesterday at 2:11 PM0 repliesview on HN

It’s just how commercial real estate is valued. It’s very formulaic based on the local multiplier of rents. It even applies down to single-family homes but those have competing buyers (families) - but in pure commercial you are the multiple of rents and basically nothing else (save in the strange case of someone wanting that particular property).

The key is home loans for normal families can’t be called - commercial loans can.