Posted by j garrett on January 24, 2010 at 22:11:37:
In Reply to: Re: Help financing a perfect 29 unit complex posted by john on January 24, 2010 at 20:21:36:
The property is owned by a non profit org who bought the property to save from demolition in the nineties. After using govt grants and loans they have completed the rehab and have been operating the property at
at 90%-98% occupancy. The loan has now become due and the org
Wants to sell because they are not in the real estate business and
They are selling the property for the payoff of the rehab loan
- Off Subject Dan 23:21:58 01/24/10 (2)
- Re: Off Subject J Garrett 23:27:18 01/24/10 (1)
- Re: Off Subject James Harris 21:57:03 02/02/10 (0)