Huntsman
Distinguished Member
- Joined
- Jul 3, 2004
- Messages
- 7,888
- Reaction score
- 1,002
Thanks for the well wishes guys. It's not happening. I live in one of the areas that was hit very hard by the current RE market, and banks are indeed running scared. So while this was great for me buying my land cheap, it's killing the build project. I'm looking at needing 40% of the LTC (loan to cost) and I have about 30% to commit. The piss off is, it'll take 12-18 months to save the next 10% and I bet by then, markets probably will have loosened up and 30% into the deal will do it
****. Sorry, Pio. The few always have to bend over on account of the many.