I mentioned before that these things cost money to coordinate and advertise.

Never built one, if its straight driving range the cost is in the land as the only equipment is the machine to give the golf balls, the balls and the tractor to pick them all up. 

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.

Do you remember how much it ended up costing?

Like the previous monthly reports, the market typically reacts to numbers in comparison to estimates.Producer Price Index (PPI)The Producer Price Index (PPI) report is similar to CPI; however, it tracks costs (and inflation) for producers, such as product manufacturers or service suppliers.

Sam - did you ever find a more cost effective solution to this than SaniStar?

Do they still come with high closing costs?

Also, how does the level of risk on your other deals compare with the level of risk on a low LTV note?  

The costs out way the benefits especially with these higher rates. 

Rents are too low.