Aren’t you Jim? Like I said, it’s been a while since I’ve posted but if you are Jim, then we’ve already discussed the details of this project via email. Anyway, the construction price per square foot is about $300.
HLS,
Thanks for the comments. We are religious and we are praying. I really know very little about how mortgage rates are determined but I can’t imagine they will rise much in this economic environment. At least that’s what I keep telling myself. We prequaled on this loan amount last spring at 6.125% with NFCU. I worry that their underwriting may have tighted further since then. I also worry that my 30%+ equity could erode although the comps I noted are very recent.
