Angie,It would depend on what kind of business the S-Corp is.Is it for Real Estate, or non-RE?

Remember, I said honesty is non existing in this case?

More so with non-agency loans with manual underwriting since you have to see if the underwriter will accept the loan.

It is, what it is....a non-performing loan.

The place was built in the seventies and the non-code conforming construction stairs were still in place, conveniently covered with carpet.

Even people that don't have a very good education and don't speak properly can recognize someone who can and immediately take it as a cue of someone serious and well-educated.

You can get an appraisal for the finished unit, use a bridge loan and or construction-rehab loan based off the ARV.So, check conventional and non-conventional, private/hard money lenders.Get credit from material suppliers, use thier money!

I have heard warnings about making sure the title is in good shape or no bank with touch it but I have to be honest, I don't full understand what non warrantable means.

We also had about 10% non-paying units due mostly to foreclosure.

Since inception Colony has invested $48 billion in over 19,000 assets/loans and has ~$25 billion of assets under management (gross) on behalf of over 250 institutional investors.Through the identification of supply-demand source imbalances in capital, product types and information availability, Colony achieves attractive risk-adjusted returns by investing in real estate and real estate-related debt investments, non-performing loans, distressed assets, real estate-dependent operating companies, and select commercial and residential development opportunities throughout the world.