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As a recovering banker I can tell you that banks a weary of lending on these Taj Mahal type projects because in the case of a foreclosure all that extra work to
by porter 16y ago
As a recovering banker I can tell you that banks a weary of lending on these Taj Mahal type projects because in the case of a foreclosure all that extra work to make the building look nice doesn't easily translate into rents high enough to justify the cost. Also, keep in mind most bankers have no clue how technology companies operate. Another reason why this might be hard for you is because virtually every commercial bank is getting hosed on commercial real estate and many have exceeded the regulatory limit on real estate lending, so the underwriting is much tighter.