We are looking for something in a community such as century village.

I think Century Bank would also do one with 75% LTV and a lower interest rate, but they go off assessed value instead of an appraised value.  

(Thus we have NYC skyscrapers trading at 2% cap rates) and all the cranes in the world building Dubai up to be the world financial capital of the 21st century.

Not sure when that'll change but on a $/SQ FT basis, the house compares well to surrounding comparables - however the possible lever/challenge is that most of the surrounding area are houses built out in the middle of the 20th century - whereas ours was originally a farm house in Des Moines that was added on to and annexed as the city of Des Moines grew. 

My name is Terry Guthrie and I am a new Real Estate Broker at CENTURY 21 Harris & Taylor in Grants Pass Oregon.

There are some great old turn of the century houses over there.

Wow, landlording in the 21st Century.

Century 21 will do loans as low as $10k on older homes.

The Investment Group for Enhanced Results in the 21st Century, or TIGER 21 for short.

It's well on the way to gentrification, has a pretty happening bar scene, and a lot of houses were built turn of the century and as such will have a fair bit of deferred maintenance, which can lead to much better value add opportunity.