construction or improvement

Posted By: complyorelse

construction or improvement - 03/14/12 01:33 PM

An application to construct additional multifamily buildings to an existing apartment complex....improvement or constuction/purchase? The collateral includes several of the existing buildings. I'm leaning toward improvement because the complex already exists but am not 100% certain.
Posted By: Dan Persfull

Re: construction or improvement - 03/14/12 01:48 PM

Are they add-ons to the existing buildings or will they be separate buildings being constructed in the complex?

That would determine the answer whether it would be HI or construction.