Cohousing-L Mailing List: Re: what are take out loans? These are the developer's exit strategy!

[Gil Starble (rejvcap]

Marganne,
A take out loan in most development scenario's would be that loan borrowed by 
say, a condo buyer or a lot buyer whose loan proceeds would be used to pay down 
the developer's construction loan or profit.  Take out loans = 'exit strategy' 
in RE development parlance.  Together with the equity down payment a buyer 
invests when purchasing their home, that money spells 'relief' for most 
developers.
Kind regards,
Gil Starble, Equity Funding Agent and StarCross Village Coho Founding Member
PS: Free lunch on us...to the winner of a naming contest to launch our 
sustainable coho membership drive in Lenoir, NC.  
Want to use your originality and creative imagination to coin the naming rights 
to the next big thing? Contact Julie, Dave or Gil to win lunch in Lenoir at the 
Bistro Wine Cellar, or a night at Hogwaller's Marketplace.  
Awarded on Saturday, March 28th, 2009, someone will coin a funky cool handle 
that we can use for our postings and membership drive that 'says it all' for an 
innovative sustainable neighborhood in Lenoir, NC featuring solar low/zero 
energy homes in a cohousing or ic called StarCross Village. 
JulieGootman [at] yahoo.com, 828-381-1589
GStarble [at] StarCrossVillage.com, 617-596-4982  
David.MacDonald1 [at] comcast.net  617-938-2779
www.starcrossvillage.com
www.starcrossvillage.blogspot.com 
How's that for an audacious little plug?

--- On Sat, 3/7/09, cohousing-l-request [at] cohousing.org <cohousing-l-request 
[at] cohousing.org> wrote:


From: cohousing-l-request [at] cohousing.org <cohousing-l-request [at] 
cohousing.org>
Subject: Cohousing-L Digest, Vol 62, Issue 8
To: cohousing-l [at] cohousing.org
Date: Saturday, March 7, 2009, 6:16 AM


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Today's Topics:

   1. Re: what are take out loans? (Marganne Meyer)


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Message: 1
Date: Fri, 6 Mar 2009 16:56:06 -0800
From: Marganne Meyer <marganne [at] macnexus.org>
Subject: Re: [C-L]_ what are take out loans?
To: seanain [at] sbcglobal.net, Cohousing-L <cohousing-l [at] cohousing.org>
Message-ID: <a06240803c5d77669434f@[192.168.0.4]>
Content-Type: text/plain; charset="us-ascii" ; format="flowed"

At 10:47 PM -0800 3/4/09, River Snow wrote:
>I understand the idea of a construction loan, but what is a take out
>loan? (I am seeing images of Chinese food take-out as a child, our
>family ritual on many a Friday night, and laughing.)

It's a cheap date!!!  LOLOL

Cheers!
Marganne


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