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.
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.
posted by rp at 4:34 PM
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