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JeromePowellAdmirer t1_j8y9pqp wrote

Reply to comment by Jctexan in Why is planning allowing this building? Eli5 by Jctexan

Like I said, I support the idea of what you're proposing, but given current lending standards there's really no one willing to finance it and that's why such projects are impossible to find anywhere in the country

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Jctexan OP t1_j8ya2gu wrote

Even the developer was open to mid rise. High rise is not the future.

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Jctexan OP t1_j8ycawi wrote

I'm in real estate and I'm not sure I understand your arguement. Are you saying that a bank will lend on a 17-story project with 420 units but not 3 six-story buildings totalling 420 units on that same lot? I'm not sure I understand that.

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