The deal is a sweet one for the borrowers, as Simmons Vedder'sgood history with Corus Bank allowed the loan to go forward withoutcondo presales being in place. "We have complete confidence thatthe company can manage both the land development and buildingconstruction," says Corus Bank first vice president DwightFrankfather. "We have established a good working relationship withthe lender for the land work. This will be a great addition to thesuburban Virginia condominium market."
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