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building that is only 50% owner occupied

Started by maybemoving
almost 16 years ago
Posts: 9
Member since: May 2009
Discussion about
Is financing for this going to be possible? One bank said no way and gave the impression that this will be the rule across the board. Thoughts? Thanks!
Response by Socialist
almost 16 years ago
Posts: 2261
Member since: Feb 2010

Financing will definitely be difficult. You shoudl consider whether you want to live there. With so many tenants, the building might not be up to par with other buildings. PLus you might have troble selling.

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Response by jimstreeteasy
almost 16 years ago
Posts: 1967
Member since: Oct 2008

maybemoving -- fyi, since you may be new to the SE family, multiple postings of the exact same thread are reserved for memos to boards about mouse infestations

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