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Yes, I suspect that we could see listings for the units soon. It has been a while since that immediate area has had a condo building come to market. I think they will go for about about $650 a sq ft....a two BR, 1000 sq ft apt would fetch $650k.
They are coming along - balconies are up and if you look really closely the lighting above the street level looks like they're going for an antique look
The loan will fund the borrower's discounted purchase of the defaulted construction note.