Real estate blog entries tagged with grand rapids condos by Jason Carpenter (Blu House Properties)

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Home : Blogs : Jason Carpenter : Jason's Blog : Tag "grand rapids condos"

grand rapids condos: Tall House project Called off - 04/04/08 10:06 AM

I read in last night's paper that Tall House Condo's has been called off. The state of the art 9-11 story project on Ottawa Avenue was slated for over 90 condo units.
I'm certain sluggish sales were part of the reason, but more than likely a bank financing the project changed the game. I've heard a lot of rumblings lately about banks changing terms midstream on developers.
Banks have asked for notes due in advance, increased equity in projects and mandatory rate and term re-finances at their discretions. Safety first, but what good does it really do? I don't understand how killing a … (0 comments)

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Jason Carpenter

Grand Rapids, MI

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Blu House Properties

Address: 1426 Wealthy St. SE, Grand Rapids, MI, 49506

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