At closing, agencies were changing terms with borrowers, incorporating 12 months reserves for debt service, taxes and insurance but Greysteel was able to close before those restrictions were placed on the transaction.
In the near term, the development team will come up with a sustainable, viable program for Mare Island that is tailored to Vallejo’s location, culture and character, and updated for the 21st Century.
In this EXCLUSIVE, James Rice, vice president with AEI Consultants, recently shared his insights into navigating the HUD process, cost reduction and environmental issues on the horizon.
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