Need $3MM for a condo conversion (building + construction). Any ideas for creative financing?
August 8, 2009
I can’t go through a regular bank because I will have to make regular payments once the loan is handed over, and there will not be any cash flow from the project until the end, so this would basically screw me.
This development is in a healthy Canadian market where condos are doing quite well.
Do banks finance new construction in flood plains, specifically, single family homes?
August 4, 2009
Assume that the flood plain is river/creek and designated as AE. Assume further that new construction can be a brand new house or additions/remodel to an existing house that is entirely in the flood plain.
