Friday, September 08, 2006

The Money Pot

I just did a quick calculation.

If you figure the average TIC in the City is priced at $500,000, then $120 million in mortgage money only finances 240 units.

1652 units lost the condo lottery last year.

That means there is $826 million in opportunity out there.

Come on, people. Ramp up those TIC loan programs.


Post a Comment

<< Home