Re:Proposed Oklahoma skyscraper gets redesign to become USA'...
by quickthrowman on Tuesday January 23, 2024 @12:37PM
(#39106655)
> I doubt it will ever be completed as proposed because most bankers/financers are likely to reach the same, rather obvious conclusion.
I agree, if I was a lender I wouldn’t extend $2-3B to build ~1800 housing units in Oklahoma City. At a $2.5B price tag, that’s $1.4M per unit. The financials don’t make sense.
Maybe if we were still in ZIRP, but the federal funds rate is currently 525-550 bps.
I agree, if I was a lender I wouldn’t extend $2-3B to build ~1800 housing units in Oklahoma City. At a $2.5B price tag, that’s $1.4M per unit. The financials don’t make sense.
Maybe if we were still in ZIRP, but the federal funds rate is currently 525-550 bps.