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MULTIFAMILY LENDER OWNED

  • Writer: Metacomet
    Metacomet
  • Jun 16
  • 1 min read

Metacomet was engaged to step into a condominium project on behalf of the lender after the developer defaulted. Significant aspects of construction were improperly performed and required rework to complete. Metacomet brought all scopes of work to completion with minimal extra cost.


Property was stalled as sponsor defaulted on loan - Metacomet allowed lender to complete work with high quality delivery, unlocking premium condo units for sale.
Property was stalled as sponsor defaulted on loan - Metacomet allowed lender to complete work with high quality delivery, unlocking premium condo units for sale.

SIZE: 2,550 square feet


ROLE: General contractor


SCOPE OF WORK: Site work, demolition shoring, framing, rough-in, finishing, vertical and horizontal enlargement.


SCHEDULE: 12 months


TOTAL COST: $1,500,000


Prior contractor had improperly performed major scopes of work.
Prior contractor had improperly performed major scopes of work.
Metacomet completed building systems, quickly bringing project to code
Metacomet completed building systems, quickly bringing project to code

 
 
 
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