[Lindengardens] Owner Occupancy percentage?

Martin Marks mmmarks at MIT.EDU
Thu Mar 11 12:16:26 EST 2010


I am refinancing my mortgage, and have run into a major snag, due to this response from Paradigm to my broker.


"We are not able to track owner occupancy.  Some owners that live at the project use an off-site mailing address. We estimate, but cannot guarantee, that 53% of the project is owner occupied.
 
-Adam
 
Adam B. Williams,
Paradigm Partners, Inc."





I find it hard to believe that we cannot get a more precise number than this. Do we have a clear record of which units are being rented out now to tenants or not? Why is it so difficult to find out? 

mmm

Martin M. Marks
Senior Lecturer
MIT, Music and Theater Arts Section, 10-268
77 Massachusetts Ave.
Cambridge MA, 02139

Office phone: 617-253-4967
Mobile phone: 617-851-8955
Email: mmmarks at mit.edu





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