I'll bet his opinion changes when it's his money on the line.

The direct subway stations areas haven"t changed much but the city has put forward a plan to stimulate construction of some 900 units at one of the stations, and the other one has about 700 units wich will be developped next yearNow the city is starting to build a new City of Knowledge" wich is basically going to be University campuses and Education facilities for a few blocks, and all that is beeing built about 500 meters from my building.

That's your security.If I am lending someone money for a property, you bet there's a deed of trust.

My name is Ahmad and I'm a commercial mortgage broker in Florida specializing in multi family, construction, land, and hard money loans.

Construction was already underway and it was 10-11 months to the keys to the apartment.

Sometimes called "hard money" loans.Regular lenders will sometimes do construction loans.

., 1984 construction available for me to purchase @ $84,000; estimated necessary repairs = $4k.

Are you inquiring about concrete or wood construction?

Commercial is always based on location.If a Wal-Mart, Lowes, Home Depot, Target, etc come into town you can bet that the value of the land is going to go up.The improvements to the property will go up with inflation because the cost of a 2x4 goes up so the cost to build or rebuild the improvement will go up because of this.Now when an area runs out of land that can be developed then the prices of land in that area sky rocket if it's desirable land.

I bet it is less than $100 unless they stocked up on frozen meat.