Quote:
Originally Posted by Horsell
The Star of the Sea condos seems to have gone cold. The excavation work appears to be complete and some of the construction trailers have been removed. Hopefully it is just a change over in contracts and we will see it rise from the ashes soon. Anticipating what the market will be in 18 to 24 months is no doubt a key factor driving activity.
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Usually you need to do 50% - 75% sales to release construction financing.