🏦 80% Pre-Sold to Access Funding?! 🏦
Banks require a certain amount of units to be pre-sold for de-risking the project before they will fund the first construction draw.
The required amount to be sold before banks will provide funding has gone from 30% to 75-80% for every client, even the big guys!
If you see a pre-sale going up, and think you're going to snag a unit when they are done, you likely wont. By the time the hole has been dug, 75-80% have already been sold, and by the time it's done, they will all be gone.
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