@Jeffrey Ascough - I am the director of sales and marketing for Delta - I have reached out to the builder and we will provide you with updates on Monday when the office and the permitting team is back in. We want to move projects forward just as badly as you do as it is the only way we make a profit in this business. I will reply to you directly via email Monday.
@Marlo Lopez - nice to meet you. However, what you are stating is a bit misleading. The lender that you were working with isn't funding deals. The deposit amount when working with a lender comes from the lender - it is basically the amount of skin the lender wants you to have in the game. Typically we (the builder) require 15% down on our contracts. For those investors using lending we allow 10% down - this is to help offset other fees you will have to pay - points, broker fees, etc. You also failed to mention that the new contract price was exactly the same as the one you previously signed. Construction costs have gone up in SW FL - but we still have not pushed that onto our investors - leaving you a very nice return on your investment.
@Pretty Khare - hello again - I have worked with you through this entire process - we have corresponded on several occasions. We just updated you on 12/21/2022 that your project is at tie beam inspections and provided you with the photo of your property to show the progress. If you have questions or concerns about the project, reach out to me!
@Mekail Grant - hello again! I haven't seen any communication lately from you - however - I will have my team get an update to you on Monday as well!
Bottom line - there have been a number of challenges in Cape Coral over the last couple of years. We can start with permitting - between software upgrades / changes - reviewers that have rejected plans because of a slope in a shower on a mastered plan, the sheer volume of builds the city has been dealing with - it's been taking much longer than anticipated. Add Hurricane Ian and you're not making anything easier or more timely. Our truss company got hit with the hurricane as well - they lost a portion of their building and had issues with power for 2 months. This halts production for anyone that is that far along - you can't just pick up trusses at your local hardware store - they are engineered for the job via the plans. They are up and running again, but this pushed jobs back. Same with fill dirt - they can't deliver mud to locations, and we can't compact it nor test it. Just trying to offer insight to what has been going on in our world. Additionally, no investor has received an escalation - which is good for your investment and if you look at some of the rates of returns (some folks are into their builds roughly 60-70k out of pocket, and have over $150k equity - amazing return over most investments) - even though it took longer than any of us expected - there is a lot of positive to talk about. Feel free to message me directly with any concerns and/or questions you may have. We look forward to working with you and pushing these properties over the finish line - that's how we all win!
