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

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

Adam Fountain – It’s really based away from both endpoints. So, today’s value as well as finished value. After which our construction loans are set up on a draw basis, to ensure that we periodically inspect and release more funds since the project gets built. But definitely, if a piece of dust is really worth 50 grand, and they’re building a 15 million buck apartment building about it, the draw that is first perhaps not likely to be a million bucks. Continue reading “Adam Hooper – Project price, acquisition cost, finished cost, 65% loan to value based away from what, worth of just what?”