the great downtown finance mtg

The Great Downtown Open House

July 29th Product Awareness Session

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Strength and distinctiveness of downtown products…

• For sale options…– Condo vs. Townhome– Financing is available!– Incentives

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• Condominiums are most common type of “attached” community association…

• The condominium is a unique form of ownership where the owner typically only owns the air space, but not the physical boundaries of the unit or the land underneath the unit...

• The owner holds a shared interest in the common area…

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Condominium Example…

• Townhomes are usually a series of single story or multistory units that are linked to each other horizontally by common walls.

• Townhome owners hold title to their units and the land beneath them. As with condos, common areas are owned jointly by all townhouse owners.

• A property owners' association usually manages the townhouse complex and collects fees from all owners in order to maintain common areas.

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Townhome Example…

• Townhomes generally financed as a “single family” (attached) home.

• Condominiums… Financing is available!

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Financing…

Condo financing options

30 yr fixed• Employee Assisted Housing Program• Fannie/Freddie/FHA approval

OTHER:• Portfolio loans• 5/1 ARMs• 3/1 ARMS

See each property for special offers

The B

rewhouse

200 Prairie Street

1, 2 and 3 Bedroom floor plans

• Historic, Mixed-use living

• River views

• Boat slips/marina

• Roof top gardens/patios

• Eco-friendly design

• Units starting from $171,000

River E

ast Lofts

202 North M

adison Street

2 and 3 bedroom floor plans

• Historic building, exposed brick

• Custom kitchens w/premium appliances

• Unique floor plans incl. fireplaces

• 1 & 2 Car garages

• Roof top decks with GREAT VIEWS!

• Units start from $168,000.

Lantow

Lofts

502 7 th Street

One and Two bedroom floor plans• Maintenance-free Condo living• Low utility costs “green” features•Secure garage and entry• Garden deck and elevator•Units start from $135,900.

Bliss B

uilding317 M

ulberry Street

1 bedroom - live/work floor plans

• Open, flexible loft plans utilizing

• Huge windows with great natural light

• Custom kitchens w/ soap stone counters

• Large walk-in showers

• Units start from $155,000.

Garrison T

own H

omes

419 John Street

1, 2 and 3 bedroom floor plans

• Stone counters, custom kitchens

• Energy efficient “green” design

• Beautifully landscape courtyard

• Private balconies

• Direct access garages

• Units start from $155,000.

Let the tours begin…