[Bugs]

You’re talking about mixing several different uses on a single site – you will most likely need a conditional use permit and possibly an application to change zoning on such a site. There will be traffic impacts for this type of project, neighbors to deal with and licensing for the various operations.

You might have better luck putting something like this in one of the business parks off of Scripps Poway Parkway so long as you can work the traffic and provide adequate onsite parking. Your chances of running into NIMBY opposition will be significantly reduced.

If you try and do this in a residential area you’ll probably run into a lot of problems, the NIMBYs being only one of them. Costs will probably run a lot higher, too.

[Bugs]

If you want to see a wider cross section of your neighbors in action the place to visit is the grocery stores.

You are who you shop with.

[Bugs]

If you want to see a wider cross section of your neighbors in action the place to visit is the grocery stores.

You are who you shop with.

[Bugs]

Portfolio lenders tend to have stricter limitations on LTV because they’re going to carry and service those loans for a long time. Considering the wrinkles involved with this deal you may be looking at max LTVs as 70% or 80%. YMMV. You won’t know until you try.

[Bugs]

Portfolio lenders tend to have stricter limitations on LTV because they’re going to carry and service those loans for a long time. Considering the wrinkles involved with this deal you may be looking at max LTVs as 70% or 80%. YMMV. You won’t know until you try.

[Bugs]

And they said it would never happen.

In your place I’d check the rents out very carefully, both the reported rents as well as the real market rent level for the area. You may find there’s a bigger difference than you’re being told.

[Bugs]

And they said it would never happen.

In your place I’d check the rents out very carefully, both the reported rents as well as the real market rent level for the area. You may find there’s a bigger difference than you’re being told.

[Bugs]

The thing that absolutely pisses me off about these failing hedgies is that these failures were avoidable. The loan originators cooked a large percentage of the books on these instruments and these investors bought them without checking on them.

Had the investors wanted to buy clean loans they could have gotten them. They didn’t care about anything other than the profit margins so the loan originators gave it to them. “Market Demand” in action.

I say that everyone in those pipelines should get sued, right down to the idiot appraisers who rubber stamped these stupid deals.

[Bugs]

The thing that absolutely pisses me off about these failing hedgies is that these failures were avoidable. The loan originators cooked a large percentage of the books on these instruments and these investors bought them without checking on them.

Had the investors wanted to buy clean loans they could have gotten them. They didn’t care about anything other than the profit margins so the loan originators gave it to them. “Market Demand” in action.

I say that everyone in those pipelines should get sued, right down to the idiot appraisers who rubber stamped these stupid deals.

[Bugs]

I was looking at the the active and the prior listing for 1036 and it looks like that seller put some money into the property with new paint, new heater and A/C, new main suite remodel and possibly some kitchen stuff. It could be $20k in improvements.

[Bugs]

I was looking at the the active and the prior listing for 1036 and it looks like that seller put some money into the property with new paint, new heater and A/C, new main suite remodel and possibly some kitchen stuff. It could be $20k in improvements.

[Bugs]

There are lenders who will lend on leasehold interests, but these loans are usually kept in house; I don’t think there’s much of a secondary market for them. Look for interest rates that are higher and probably amortizations of less than 30 years. All they’re loaning on are the improvements and the right to control that site for the length of the lease. You might be looking at 10% interest rates and a 15-year amortization; and that’s in addition to the land lease payments themselves.

For instance, a $100,000 loan at 10% over 15 years would have a payment of $1,065/month; that’s in addition to the land lease payment, taxes, insurance, etc..

[Bugs]

There are lenders who will lend on leasehold interests, but these loans are usually kept in house; I don’t think there’s much of a secondary market for them. Look for interest rates that are higher and probably amortizations of less than 30 years. All they’re loaning on are the improvements and the right to control that site for the length of the lease. You might be looking at 10% interest rates and a 15-year amortization; and that’s in addition to the land lease payments themselves.

For instance, a $100,000 loan at 10% over 15 years would have a payment of $1,065/month; that’s in addition to the land lease payment, taxes, insurance, etc..

[Bugs]

There are homes in the $million+ ranges in Vista’s zip areas. It’s not all like the downtown area.

[Bugs]

There are homes in the $million+ ranges in Vista’s zip areas. It’s not all like the downtown area.

[Author]

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