Sep. 19th, 2008
Strange are the ways of finance
Sep. 19th, 2008 02:11 pm(Nothing to do with the stock market, this time . . .)
Just got through with a quick meeting on the Hazardous Waste Laundry conversion. Apparently the bank appraisal of the proposed project came back with a large difference between the project value as condos and as rental apartments -- to the point where condos work within the proposed budget and the rentals don't. For the same layout. So we're making a few floor plan changes, such as adding an exercise room, for the condo market . . .
Just got through with a quick meeting on the Hazardous Waste Laundry conversion. Apparently the bank appraisal of the proposed project came back with a large difference between the project value as condos and as rental apartments -- to the point where condos work within the proposed budget and the rentals don't. For the same layout. So we're making a few floor plan changes, such as adding an exercise room, for the condo market . . .