@Mike Bowling check out the tools on the BP website (after you have signed in) Great tool for this, regarding an excell spreadsheet, you’d have to go into the files section of BP.

The two of us can now share best practices, where to buy cheap materials, who has cheap insurance, mortgage lenders, contractors, community insights, strategies, even renters that we liked but decided to go with someone else.

@Jon Lee I actually just left my Regular 9-5 job early to go to a Lunch/Meeting at 11:30am.

Unfortunately, one has to go through several contractors to figure this out, which costs time and money!

You expect us to go look those up?

Might have to go with a bridge loan.Mark

There are some in the nicest areas and you'll be paying 80k+ a unit there...in some of the less desirable areas of the city it could be 20-25k a unit.

The rest are aesthetics choices that need to be desirable in 5 years.

If they leave owing you money, you won't be able to go after them.

Another option is to go interest only from a private source at 7%, same 1M loan on the asset, highly flexible and no additional fees as we have already got the construction loan in place on title.Currently leaning toward the private option, it could,  based on flexibility, allow me to improve my balance sheet and down the road approaching other lenders to get more of a residential type product given the property has 3 titles, rather than pursuing a blanket type loan through the commercial office.Downsides of the private loan include the interest only payments don't allow me to amortize the building, and the rate is higher.