Exactly the reason to have an Architect on your team to join in on these conversations ESPECIALLY in existing renovations in older homes.

The business plan to pay untenable returns is not untenable, it’s non-existent.

The challenges experienced in the cases mentioned above and elsewhere would be non-existent.

How much do they want you to to pay, to pay off one of the mortgages (or both of their existing mortgages)? 

We have everything from a small amount of senior living in an existing condo plat, to average size fee simple and dense build to rent with storage.

That does not exist on wall street without an insane amount of risk and volatility. 

You should be able to beat the existing rate even. 

Opportunity to build a quality portfolio exists at any time and in all kinds of markets. 

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

I'm not sure if the program is still going on, but has definitely revitalized a lot of the area when it was once destined to follow the way of other older cities that are aging out of existence both in terms of people and property.