No principal is not going down - I did an interest only loan because I was blinded by the pre-construction flip greed.

But usually people are "trading up"... they've saved up enough to do a very large deal - but if they roll that into a condo development, it can produce enough to THEN do a rental development.With that said, if you check out the TVM of a condo deal vs a rental - for new construction specifically, you will see why most people go the condo route.

they just need to get over their fears and get the ball rolling..

Expect significant structure around lease roll within the term.

All units have fire place for the winter romance. you don’t need to do anything just turn the key' collect rents and make money Location Location Location this is one of the best location of Glendale heights, and close to everything, close to groceries stores, Stratford, and express ways. 24 hours notice require and we need a pre-approval letter for your buyer Financial Summary !

I have also found rentometer.com is pretty accurate in my area although I do not check it often since I know the rent rolls in the areas we buy and sell in.

no lender will give a pre-approval letter to anyone on a commercial property. 

My realtor and I team up on these edits to help push out our project and generate interest in what we set as the "pre-sale" time frame of the property (usually 1-2 weeks before it goes live on the MLS).

Due diligence can be performed in all cases (pre offer to post inspection).

The loan requirements include the borrower setting a performance bond, agreeing that the project funded shall not benefit any other business venture, that the primary lender advance 70% of any future funds required at that lender's approval, that the borrower is not to further encumber the property, that interest be paid annually the first 3 years, then payments roll over under an end loan with a prepayment penalty 5% to year 5, then each year the penalty is reduced by 1% annually until it doesn't apply.