In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

There’s definitely a strategy to applying for business credit to avoid alerting other lenders that you’re shopping for credit.

I'm fairly certain you have to be licensed for a specific number of years before you can be mortgage broker.

If you choose not to show up, he would almost certainly be awarded a judgement.Of course, you could choose not to pay the judgement, but then he can send it to a collections agency and your credit score will be trashed.I don't see a scenario here where you get through this cleanly.  

US Treasuries will not see their credit rating improve, and will, within the next 12-24 months get another (small) downgrade, inching up treasury yields.

Have the tenant pay for repairs and maintenance with future rent increases by using a line of credit.

Do you have an idea of the total tax credits?

The ordinances only apply to city limits currently so you’re probably fairly “safe” in the county.

Not sure if anyone is aware of this, but Marco's partner and CFO, Ronald Fossum, was charged with fraud by the SEC fairly recently and barred from participating in any type of similar activity.

I believe up to close to 40% down with a 720 or greater credit score on a conventional loan product could give you the best interest rate.