Talked to a budd today about the new RBC Tower. He is in the "lucky pre reserved group" and excited. He has a 1 bedroom that seems like a great deal.
Downside, he has to keep it a year and the price promised can go up 5% before close. Or come down (right). With Raleigh appreciation, and downtown appreciation, he should make out like a smart real estate investor. Or it maybe his primary. Lots of folks with reservations not sure what to do.
His question was about loans, and the loan on that should not be hard. But I have heard that some lenders are having issues in dealing with the fact that the land is commercial underneath these towering residential condos.
http://www.raleighing.com/2006/09/rbc_plaza_launc.html
For details see above and be sure to get over to Fins once it opens downtown. Although it does say that the price per square would be around $200 but he is at $315 a square
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