This is a story of transformation. It will follow the conversion of a vacant retail shell, within an existing residential condo building, into a custom dwelling unit. I originally became involved with this space in the summer of 2007, but efforts fizzled. This spring, with the overall market in a funk, I decided to make a push to become reengaged in the project. I hope you enjoy following along.
4.29.2009
Financing Strategy 3.0 (4.16.09)
Decided construction loan would be mine with securitization by existing owner
Once BB&T has required financials an appraisal will be initiated
Max LTV of 80% of completed value for construction loan
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