Adam Hooper – Project expense, acquisition cost, completed price, 65% loan to value based away from what, worth of exactly what?

Adam Hooper – Project expense, acquisition cost, completed price, 65% loan to value based away from what, worth of exactly what?

Adam Fountain – It’s really based away from both endpoints. So, today’s value as well as completed value. Then our construction loans are put up for a draw foundation, to ensure we occasionally inspect and release more funds because the task gets built. But undoubtedly, if an item of dirt is really worth 50 grand, and they’re creating a 15 million buck apartment building onto it, the draw that is first maybe not likely to be a million bucks. Continue reading “Adam Hooper – Project expense, acquisition cost, completed price, 65% loan to value based away from what, worth of exactly what?”