Thanks Stuart, so if it will cost 1M to build, land + hard and soft costs, lenders will lend 800k and he will need to come up with 200k?

This means that they have overextended their ability to compete and market into the wave.Don't get me wrong, this method can be a small portion of your portfolio and you’ll be able to brush it off—but if it’s a large part of your plan, it could easily end in catastrophe.

The difficult part is not letting your soft side give them the benefit of the doubt and allow them to get too far behind in the first place. 

I'm curious if there is a database that lists the soft-story buildings that would be affected by the legislation.  

Now remember to offer something in return or other wise you will get a brush off.

Following the inspection, he handed me a hard copy bounded report, then emailed me and my agent a soft copy. 

I think you might want to brush up on your knowledge of Fair Housing laws.  

In terms of other characteristics, they will range from “hard” preferred equity, which can be very similar to mezzanine debt and include a fixed coupon and maturity date to “soft” preferred equity, which is more likely to include some of the financial upside if the project performs well.

How much were your soft costs?

One is a townhouse with 3 bedrooms, 3.5 baths, built in 1992, around 1430 soft, purchase price is probably around $210000, rent is around $1800/month, needs to replace the roof which may cost $5000.