My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.

Steven, you’ve brought up an excellent point about the trade-off between prepayment penalties and interest rates in DSCR loans.

My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.

Needs to be brought up to spec by seller before bank will finance.  

Because of his knowledge of the market and his team brought him the deal.  

This rule is part of the Securities Act of 1933, which was established to provide more freedom for businesses to raise capital while still protecting investors.Here are the key aspects of Regulation D, Rule 506(c):Rule 506(c) Filing:Allows issuers to broadly solicit and generally advertise an offering, provided that all purchasers in the offering are accredited investors.Requires issuers to take reasonable steps to verify that the purchasers of the securities are accredited investors.Issuers must still file a "Form D" with the SEC after they first sell their securities.The rule effectively lifts the prohibition on general solicitation and advertising for certain investment offerings, allowing companies to reach a broader audience when seeking investment.Accredited Investor Definition:To become "accredited," an investor must meet certain defined criteria regarding income, net worth, professional experience, or size of the entity (if the investor is an entity rather than an individual).

For profit and not for profit investors can be brought into the financing structure to work together to meet the needs.

I would have gladly paid more for the success it has brought us!

Thanks for this post that brought the program to my attention.

Here are the playersMe - OwnerOG Developer - Original Developer that improved property before I purchasedNew Developer - New Developer currently building a new subdivisionWater District - Own the vacant land that my sewer line runs acrossCity - Well, The cityTimeline:2007 - OG developer purchases large 1 acre lot with an existing house with the intent to subdivide and create a small PUD.2008 - Improvements are made (new street, sewerlines, storm, power, water) are brought into the subdivision.