JohnAKeith
Senior Member
- Joined
- Dec 24, 2008
- Messages
- 4,320
- Reaction score
- 63
Okay, I'll bite. You've been silent for a year since joining this forum, only posted 15 times, and now you're all over this one.
What gives?
What gives?
doubt it would bring it down much if any of it is for the offsite units; even if it is the last $ basis for lender is still like $2.75-3mm if you figure they're pumping out affordables at $500k/key.
either way implies that the average unit sale cost for this thing has to be like ~4mm+ to hit development profroma. good luck with that one guys, see you at the foreclosure auction.