Client purchased land for an potential multi family building last year with Freedom Capital. We were approaching their renewal months and wanted to touch base with the clients. The client had put an application for building permit and rezoning into the city and was 6 months away from presale. We worked with the current lender to renewal for another 6 months. We are working with the client to get another mortgage for servicing costs and bonds to the city and construction financing
Easy Renewals Terms Because of City Delays with Rezoning
Mortgage Amount : $8,500,000.00