Finally made the Business Journal in the Portland Oregon market

[Jay Hinrichs]

I was having lunch with my Banker ( we do that once to  twice a month)  and he hands me the business Journal and says you made the paper .. And hands me a copy of the Portland Metro business journal.

Each week they feature the top business in the metro area.. in real estate health high tech you name it.

this one was top 30 new construction builders..

And there I was Number 24  .. and well DR Horton was number 1.  I only have to do another 640 million in annual sales here locally to over take them :)  

Anyway I am closing on a 90 lot project beginning of December and if we can keep the velocity going that should move me up into the top 20.. 

And with regard to infill in Charleston SC I suspect we are top 10 in that market.. I will have to investigate that some more.. 

Bottom line I could not have done it without my partners and the ability to borrow 10 plus million from my commercial bank for SPEC construction loans..   Its a true team effort from my equity partners to my partner bank.

ON the finance side we put up 560k in cash borrowed the rest from our commercial bank ( about 8 million) and we made about 2 mil in 26 months.. So plenty to spread around.. not sure what the IRR was as I don't even bother to run the numbers when its that good. I just know we came out ahead.. And my Lovely wife was the listing agent and represented us on all the sales..

[Jim K.]

Some things are earned, Jay. Congrats to your wonderful wife, congrats to you for having the sense to marry her!