Lending is key to repurposing commercial property to residential

Obtaining financing for conversions can be difficult–and expensive.

By Adam Deermount | Builder

I discussed in a BUILDER article on Tuesday how more re-purposing of obsolete suburban office and retail properties is needed but is politically challenging, often due to issues with reduction of municipal tax revenues that occur when a project goes from commercial to residential.

A long-time client who has been successful in the re-purposing or land coverage space read the article and replied with an astute observation that I want to address today:

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