The redevelopment of downtown Cincinnati’s former industrial buildings continues with the McFarland Lofts, a seven-unit condominium project under construction in a circa 1901 wagon livery and horse stable. Developers plan to build two units on the building’s middle floors and a penthouse unit is planned to occupy the building’s entire fifth floor. Click Here To Read The Entire Article
in Foreclosure, Real Estate Consulting, Real Estate Debt Workout, Real Estate Development, Real Estate Loans
Pro Athletes: Know when an investment loan risk can change your life – or ruin it.
Take as a for instance: A third year NFL player who’s had a few stand out years nearing a new contract, and is expecting a salary jump equal to his impact. He’s confident in his game, he’s also now confident mixing with businessmen, owners and managers. Opportunities come his way regularly and more are expected with the new contract. He’ll see options for real estate investment with varying degrees of risk. Friendships and emotion may come into play in his decisions. After all the loan risks have even been spelled out to him, he’s confident – and no one gets into an investment expecting failure. But if the deal goes into default and he hasn’t protected himself, he could lose a whole lot more than his initial investment. Confidence in his game came from years of practice and hard work but bringing that confidence to investing without preparation could affect him for years to come.
I’m often called for help with defaulted loan negotiations by high net worth clients who have made investments involving a personal loan guarantee that has them in a perilous financial situation. Often their problem could have been avoided altogether through basic investment analysis combined with prudent asset protection planning.
Sometimes they don’t even know the difference between a straight cash investment, where their risk involves their original investment capital only vs an “at risk” investment, which involves the investor becoming liable for the entire project’s debt by signing on as the guarantor of a bank loan to the project. Read more →
Cranewoods Development announces that it has completed the liquidation of a planned residential waterfront community on St Augustine Inlet in Northeast Florida. “Properties are selling and inventory is being absorbed,” says consultant. Click Here To Read The Entire Article
in Cincinnati Real Estate Consulting, Cincinnati Real Estate Development, Cincinnati Real Estate Development News, Cincinnati Real Estate News, Ohio Real Estate Development News, Press Releases
Denise Guiducci of RE/MAX CityWide announced that the Le Brittany Condominiums in the downtown Cincinnati business district has sold out, giving another indication that the city’s urban core has strong demand for condominiums in the 180k – 230k price range.
RE/MAX CityWide has announced the complete sellout of Le Brittany Condominiums at 9th and Race in Cincinnati’s central business district. The 18 unit project has a mix of 2 bedroom 1.5 bath units and 1 bedroom 1.5 bath units, with selling prices between 179k and 240k. The project was originally an apartment building which was fully converted to condominiums.
Guiducci was recently selected by Cranewoods Development to list the McFArland Lofts project in the downtown Cincinnati West Fourth Street historic district.
“The McFarland Lofts is an exciting project for us. It has the advantage of being in the price-point ‘sweet spot’, and combines great location with inside garage parking, private balconies and 2 bedroom 2 bath contemporary floor plans”.
in Cincinnati Real Estate Consulting, Cincinnati Real Estate Development, Cincinnati Real Estate Development News, Florida Real Estate News, Jackonville Real Estate News, Press Releases, Real Estate Consulting, Real Estate Debt Workout, Real Estate Development, Real Estate Receiver
Cranewoods Development announces that it has completed the liquidation of a planned residential waterfront community on the shores of the St Augustine Inlet in Northeast Florida. “Properties are selling and inventory is being absorbed,” says consultant.
November 8th 2010 – St Augustine, FL Bank and Real Estate development consultant Cranewoods Development announces that it has managed the final property closing of a planned multi-phase waterfront community in St Augustine Florida consisting of a future multi and single-family development that included a 3500sf West Indies style luxury home.
The St Augustine market had been hit particularly hard by the real estate downturn, ultimately creating intriguing opportunities for investors and homebuyers willing to step in and buy while prices are depressed.
“Properties are selling and inventory is being absorbed. Those are the indicators that prices are recovering. Now it’s a question of how fast,” stated Andrew Howe, President of Cranewoods Development. “This project had terrific value just sitting there, our job was to let people know about it in a way they understood.”
in Cincinnati Real Estate Development, Construction Management, Florida Real Estate, Jacksonville Real Estate, Real Estate Consulting, Real Estate Debt Workout, Real Estate Development, Real Estate Loans, Real Estate Market News, Real Estate Receiver
In the November 3rd 2010 edition of the Engineering News Record (ENR), Andrew Howe of Cranewoods Development is spotlighted in an article called “Consensus Is Reached: Nowhere To Go but Up” for his take on how real estate developers have dealt with the economic crisis and how they see a way forward in an environment of tighter credit and slower growth.
ENR is the leading news magazine for engineers in the construction industry in America and they rightly point out, “For developers able to roll with the recession’s punches, some new activity in markets this fall has owners and lenders finally mustering some optimism and cautiously returning to the fray.”
The article points out that Cranewoods rolled with the punches by realizing their expertise in construction and real estate development financing was needed by troubled investors, lenders and borrowers. Cranewoods began consulting long before the world’s economic troubles but their unique knowledge was in greater demand when so many projects and loans had to adjust to the changing economic conditions.
For developers able to roll with the recession’s punches, some new activity in markets this fall has owners and lenders finally mustering some optimism and cautiously returning to the fray. “Not so bad is the new good,” says Joe Coradino, executive vice president at Philadelphia-based Pennsylvania Real Estate Investment Trust. Click Here to read the entire article.
Downtown Cincinnati lofts got another acknowledgment of their value, convenience and quality of life. Recently, Downtown Cincinnati Inc.(DCI) and the Greater Cincinnati Relocation Council hosted a conference entitled “Living Happens Here,” to promote the wide variety and high quality of downtown and Over-the-Rhine lofts and living options for relocating professionals coming to Cincinnati.
““Downtown has a fabric that is very diverse. It has the hustle and bustle of all different races and economic backgrounds,” said Arleen Koth, vice president of DCI. “It’s where your living room can spread out into Fountain Square… And even without white picket fences, children and pets are a part of this fabric.”
The conference was organized to address a lack of awareness or misperceptions many realtors and relocation specialists have about downtown Cincinnati lofts and real estate options. The program included a guided tour of the variety of housing options available in Cincinnati’s business district and Over-the-Rhine.
Cranewoods Development LLC announced the sellout of all remaining bank owned condominiums in the Serena Point project located in Jacksonville Beach, Florida. Click Here to read the entire article
Andrew Howe says finishing the downtown McFarland Lofts project will give him ”something I can put my name on,” and open the door to more development projects.Click Here to read the entire article
