After some much needed updating... the last owner used the same designer that did the Brady Bunch set!

My wife's uncle is a relatively well respected builder in the area, and has a knack for developing grand floorplan homes.Anyway , we got to talking, and he said the same thing that i've been thinking about our market place.

Gary,If the location is good for a Multifamily project, you basically have 2 options.You could design your project in such a way that it qualifies for your State's LIHTC (Tax credit) program.It boils down to developing and building what is basically a subsidized lower income project.As with all Government programs there are some very narrow restrictions there, but also some serious financial advantages.What I personally don't like about it is that it is a cumbersome procedure, and the outcome is never certain.Alternatively you could consider setting it up so it qualifies for a special Loan program that takes into consideration the value of the land once it is entitled.In normal English that means that you would get long term, fixed rate, non-recourse financing.So none of those F-words would apply; like FICO, Freddy, Fannie, etc.And if done properly, you would most likely actually get a check at closing for some of the value of the land.I will be more than glad to discuss further with you on the latter scenario.Hope this helps.Louis Bergman

Lot Size: 36x96 Property Age: 70 Municipal Taxes: 1200 Maintenance Fees: 0 Owner's Description This riverview property currently has a residence but is in a commercially designated area so the potential is limitless (3 story structure can be built to property lines).

Im more of a $2000 fully paid for 1987 Toyota truck, a new $350 mower, a $200 weed-wacker, and another grand or two in other tools.

This area went crazy during the boom because houses were $100 grand or more less then in San Diego or Temecula.

I am sure the thing woulda done 155 wound out, not that impresive, but for a 1983 and a TOTALLY STRAIGHT UP street bike, not EVEN a cafe style,the design was AWFUL for the power!

Three grand in origination fees seems kind of high for that loan amount...

i received a degree in commercial real estate from Florida State, and am currently working on my ccim designation.

Myspace is designed for younger folks, but dont think it doesnt have a bit of everyone!