This section is from the book "Practical Real Estate Methods For Broker, Operator & Owner", by Thirty Experts. Also available from Amazon: Practical Real Estate Methods for Broker, Operator, Owner.
Discussing building loans as they are negotiated and made, let us take, for example, a specific case: Tenement houses are the most common form of speculative building to-day. Two lots, aggregating 50x100 feet of land, will therefore be our unit for comparison and observation.
There are three ways in which building operations are financed in this city: