Friday, July 31, 2009

Steps

Got word this afternoon that I've got preliminary approval to finance the office building purchase. It'll be a joint venture between us and my father-in-law. We'd be putting down about 18% of the purchase price to his 12%, and financing the remaining 70%.

I'm just thrilled. Next step is to put in an offer on the building I'd like to buy, and hope they accept it. It's a comfortable space downtown in an arts and cafe district, about 3.2 miles from our house (so I could bike it in nice weather). The office is about 1800 sq.ft., with an apartment above, that could be rented out, or used as temporary housing for new recruits, or for childcare, or exercise equipment, or just about anything.

Things are moving along.

2 comments:

undine said...

A building purchase, hiring people--things are indeed moving along!

Lilian said...

Wow, that's just awesome! Purchasing a building, wow!! I'm thrilled that things are working out for you, my friend and I sure hope they remain that way!