The couple resided in Germany at a house owned by respondent's parents but decided to move and reside permanently in the Philippines in 1992.

We look at "mortgageability" at loan maturity to determine the possibility surplus/deficit they would have by refinancing in the longer term/permanent debt markets. 

Not many know about it but as I understand, they are putting in temporary buildings to FastTrack while they work on the permanent terminal. 

I was looking into construction loan but they all want to turn to permanent loan for 7 units after construction.

Also, in my municipality, if it gets too bad the city will come out and mow it and send a nice fat bill for doing so. 

I have such fat fingers for such a small keypad.James 

The crap I have to deal with on the SFRs and that Duplex far outstrip any issues I have had with the HOAs (and one I would rate as a huge PITA that has to have a police detail at the annual meeting because the board is hated that much they fear for their safety).However I have this fat check I have to write out every month on them, even on the ones that are "Free and Clear" that DO cut into the cashflow.  

American style cabinetry is a permanent installation the cabinets are owned by the apartment owner and stay with the apartment.

In fact, Daniel Tarullo of the Federal Reserve is concerned about the economic effect these M & As in the banking industry will have on small business, “Community banks are of special significance to local economies….the disappearance of community banks could augur a permanent falloff in this kind of credit.”

At that time, I have the equity to roll into permanent financing with Freddie Mac [all my deals are 6-8 units in NYC].