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New section on the Gomberg Report for Mill buildings that offer development opportunities.
We are adding a page dedicated to Mill, Industrial, Office and Warehouse buildings that we feel offer an opportunity to be developed into residential housing. You may access these listings from the Gomberg Report main page or by clicking here
The HUD-221-d4 loan program offers the best financing available for these type of transactions. The program will finance up to 90% of both hard and soft costs. It also offers a fixed 40-year term and is 100% non-recourse. We became a correspondent lender for this loan program in February. Current rates are in the mid 6's.
Warren Gomberg has closed over 100 HUD loans and he provides a wealth of experience in this arena. Please contact Warren at 781-631-7929 if you would like to go over any potential transactions.
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