Kleen, Kevin
January 2005
Mortgage Banking;Jan2005, Vol. 65 Issue 4, p84
The article reports that warehouses, mills, factories and office buildings all over the U.S. are being converted to residential use. In some markets, loft buildings are being constructed from the ground up with features that mimic what you would find in converted buildings. Not that many years ago, developers and mortgage bankers seeking construction and permanent financing for these buildings heard a litany of rejection from lenders. The lenders' resistance was based on solid underwriting principles.


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