Posted by Frank Gehlen on March 11, 2002 at 21:09:52:
The requirements you listed for obtaining a construction loan for the mini storage project are satisfactory. I assume the 5% down are the points being charged for the loan, and will be due and payable at the time of closing on the construction loan. The appraiser has been working on the apprasil for three weeks and should be done this week hopefully.
How long will it take to set up the construction loan, I’m still one week away from getting all the hard costs nailed down.