The Great Downtown  Open House May 27 th  Product Awareness Session
Great Downtown  Open House <ul><li>Strength and distinctiveness of downtown products… </li></ul><ul><li>For sale options… ...
CONDOMINIUMS… <ul><li>Condominiums  are most common type of “attached” community association… </li></ul><ul><li>The  condo...
Great Downtown  Open House Condominium Example…
<ul><li>Townhomes  are usually a series of single story or multistory units that are linked to each other horizontally by ...
Great Downtown  Open House Townhome Example…
<ul><li>Townhomes generally financed as a “single family” (attached) home. </li></ul><ul><li>Condominiums… Financing is av...
Condo financing options <ul><li>30 yr fixed </li></ul><ul><li>Employee Assisted Housing Program </li></ul><ul><li>Fannie/F...
Incentives… <ul><li>Down Payment Assistance </li></ul><ul><li>Employee Assisted Housing Program –  $5,000. to $10,000. </l...
Incentives in action… <ul><li>EXAMPLE: </li></ul><ul><li>An Amcore Employee, 2 person HH w/annual HH Income $40,700. </li>...
Great Downtown  Open House <ul><li>For Sale Options… </li></ul><ul><ul><ul><li>Town Homes </li></ul></ul></ul><ul><ul><ul>...
Lantow Lofts 502 7 th  Street <ul><li>One and Two bedroom floor plans </li></ul><ul><li>•  Maintenance-free Condo living <...
River East Lofts 202 North Madison Street <ul><li>2 and 3 bedroom floor plans </li></ul><ul><li>Historic building, exposed...
Garrison Town Homes 419 John Street <ul><li>1, 2 and 3 bedroom floor plans </li></ul><ul><li>Stone counters, custom kitche...
409 Madison <ul><li>2 and 3 Bedroom floor plans </li></ul><ul><li>2 stories </li></ul><ul><li>Fireplace </li></ul><ul><li>...
Bliss Building 317 Mulberry Street <ul><li>1 bedroom - live/work floor plans </li></ul><ul><li>Open, flexible loft plans u...
408/410 East State Street <ul><li>1, 2 and 3 bedroom floor plans </li></ul><ul><ul><li>Historic Condos </li></ul></ul><ul>...
The Brewhouse 200 Prairie Street <ul><li>1, 2 and 3 Bedroom floor plans </li></ul><ul><li>Historic, Mixed-use living </li>...
<ul><li>For lease options… </li></ul><ul><li>Long term leases </li></ul><ul><li>Short term leases </li></ul><ul><li>Corpor...
Metropolitan Apartments 414 E. State Street <ul><li>Two bedroom floor plans </li></ul><ul><li>•  Maintenance-free apartmen...
Rock River Tower 913 North Main <ul><li>Studio, 1, 2 & 3 bed floor plans </li></ul><ul><li>Great river and City views! </l...
The William Brown Lofts 226 S. Main Street <ul><li>Studio, 1 & 2 bedroom floor plans </li></ul><ul><li>Granite counters </...
Garrison Lofts 1105 North Court Street <ul><li>1, 2 and 3 bedroom floor plans </li></ul><ul><li>Lofts in the truest sense!...
Morrissey Lofts 127 North Wyman Street <ul><li>2 bedroom floor plan </li></ul><ul><li>Patio and roof deck </li></ul><ul><l...
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The Great Downtown Open House 2009

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The 1st Great Downtown Open House presentation - 2009

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The Great Downtown Open House 2009

  1. 1. The Great Downtown Open House May 27 th Product Awareness Session
  2. 2. Great Downtown Open House <ul><li>Strength and distinctiveness of downtown products… </li></ul><ul><li>For sale options… </li></ul><ul><ul><li>Condo vs. Townhome </li></ul></ul><ul><ul><li>Financing is available! </li></ul></ul><ul><ul><li>Incentives </li></ul></ul><ul><li>For lease options… </li></ul>
  3. 3. CONDOMINIUMS… <ul><li>Condominiums are most common type of “attached” community association… </li></ul><ul><li>The condominium is a unique form of ownership where the owner typically only owns the air space, but not the physical boundaries of the unit or the land underneath the unit... </li></ul><ul><li>The owner holds a shared interest in the common area… </li></ul>
  4. 4. Great Downtown Open House Condominium Example…
  5. 5. <ul><li>Townhomes are usually a series of single story or multistory units that are linked to each other horizontally by common walls. </li></ul><ul><li>Townhome owners hold title to their units and the land beneath them. As with condos, common areas are owned jointly by all townhouse owners. </li></ul><ul><li>A property owners' association usually manages the townhouse complex and collects fees from all owners in order to maintain common areas. </li></ul>TOWNHOMES…
  6. 6. Great Downtown Open House Townhome Example…
  7. 7. <ul><li>Townhomes generally financed as a “single family” (attached) home. </li></ul><ul><li>Condominiums… Financing is available! </li></ul>Great Downtown Open House Financing…
  8. 8. Condo financing options <ul><li>30 yr fixed </li></ul><ul><li>Employee Assisted Housing Program </li></ul><ul><li>Fannie/Freddie/FHA approval (PERS) </li></ul><ul><li>OTHER: </li></ul><ul><li>Portfolio loans </li></ul><ul><li>5/1 ARMs </li></ul><ul><li>3/1 ARMS </li></ul><ul><li>See each property for special offers </li></ul>
  9. 9. Incentives… <ul><li>Down Payment Assistance </li></ul><ul><li>Employee Assisted Housing Program – $5,000. to $10,000. </li></ul><ul><li>American Dream Down Payment Initiative – 6% of purchase price </li></ul><ul><li>Down Payment Plus - $4000. </li></ul><ul><li>Tax Credits </li></ul><ul><li>Mortgage Credit Certificate Program (80/20) </li></ul><ul><li>1st time buyer tax credit - $8000. </li></ul><ul><li>… All incentives are subject to qualification and may end without prior notice, other terms and conditions may apply. Ask your lender and agent for details… </li></ul>
  10. 10. Incentives in action… <ul><li>EXAMPLE: </li></ul><ul><li>An Amcore Employee, 2 person HH w/annual HH Income $40,700. </li></ul><ul><li>Purchase price $155,000. (Garrison Town Home) </li></ul><ul><li>Employer Asst* 5,000. </li></ul><ul><li>IDHA Match* 3,000. </li></ul><ul><li>Down Payment Plus* 4,000. </li></ul><ul><li>ADDI 6%* 9,300. </li></ul><ul><li>Employee cash down $1,000. </li></ul><ul><li>1 ST Mortgage* $ 132,700. </li></ul><ul><li>PLUS $8,000 in First-time buyer tax credit AND 20% MCC </li></ul><ul><li>* Subject to program qualifications, completion of home-buyer education classes with RAAHC, credit and mortgage availability approval, other terms and conditions may apply. </li></ul>
  11. 11. Great Downtown Open House <ul><li>For Sale Options… </li></ul><ul><ul><ul><li>Town Homes </li></ul></ul></ul><ul><ul><ul><li>Condos – Loft </li></ul></ul></ul><ul><ul><ul><li>Condos – Live/Work </li></ul></ul></ul>
  12. 12. Lantow Lofts 502 7 th Street <ul><li>One and Two bedroom floor plans </li></ul><ul><li>• Maintenance-free Condo living </li></ul><ul><li>• Low utility costs “green” features </li></ul><ul><li>• Secure garage and entry </li></ul><ul><li>Garden deck and elevator </li></ul><ul><li>Units start from $135,900. </li></ul>
  13. 13. River East Lofts 202 North Madison Street <ul><li>2 and 3 bedroom floor plans </li></ul><ul><li>Historic building, exposed brick </li></ul><ul><li>Custom kitchens w/premium appliances </li></ul><ul><li>Unique floor plans incl. fireplaces </li></ul><ul><li>1 & 2 Car garages </li></ul><ul><li>Roof top decks with GREAT VIEWS! </li></ul><ul><li>Units start from $168,000. </li></ul>
  14. 14. Garrison Town Homes 419 John Street <ul><li>1, 2 and 3 bedroom floor plans </li></ul><ul><li>Stone counters, custom kitchens </li></ul><ul><li>Energy efficient “green” design </li></ul><ul><li>Beautifully landscape courtyard </li></ul><ul><li>Private balconies </li></ul><ul><li>Direct access garages </li></ul><ul><li>Units start from $155,000. </li></ul>
  15. 15. 409 Madison <ul><li>2 and 3 Bedroom floor plans </li></ul><ul><li>2 stories </li></ul><ul><li>Fireplace </li></ul><ul><li>2 car garage </li></ul><ul><li>Modern, mixed-use living </li></ul><ul><li>1 st floor commercial space also available </li></ul><ul><li>Eco-friendly, efficient construction </li></ul><ul><li>Units start from $285,000. </li></ul>
  16. 16. Bliss Building 317 Mulberry Street <ul><li>1 bedroom - live/work floor plans </li></ul><ul><li>Open, flexible loft plans utilizing </li></ul><ul><li>Huge windows with great natural light </li></ul><ul><li>Custom kitchens w/ soap stone counters </li></ul><ul><li>Large walk-in showers </li></ul><ul><li>Units start from $155,000. </li></ul>
  17. 17. 408/410 East State Street <ul><li>1, 2 and 3 bedroom floor plans </li></ul><ul><ul><li>Historic Condos </li></ul></ul><ul><ul><li>Custom Kitchens w/Energy star appliances </li></ul></ul><ul><ul><li>Tin ceilings </li></ul></ul><ul><ul><li>AND MORE… </li></ul></ul>COMING SOON…
  18. 18. The Brewhouse 200 Prairie Street <ul><li>1, 2 and 3 Bedroom floor plans </li></ul><ul><li>Historic, Mixed-use living </li></ul><ul><li>River views </li></ul><ul><li>Boat slips/marina </li></ul><ul><li>Roof top gardens/patios </li></ul><ul><li>Eco-friendly design </li></ul><ul><li>Units starting from $171,000 </li></ul>
  19. 19. <ul><li>For lease options… </li></ul><ul><li>Long term leases </li></ul><ul><li>Short term leases </li></ul><ul><li>Corporate housing </li></ul><ul><li>Contact each property for rental information… </li></ul>Great Downtown Open House
  20. 20. Metropolitan Apartments 414 E. State Street <ul><li>Two bedroom floor plans </li></ul><ul><li>• Maintenance-free apartment living </li></ul><ul><li>• Low utility costs “green” features </li></ul><ul><li>• Apartment has custom cabinets, countertops, hardwood flooring, ENERGY STAR appliances </li></ul><ul><li>Rents from $875.00 </li></ul>
  21. 21. Rock River Tower 913 North Main <ul><li>Studio, 1, 2 & 3 bed floor plans </li></ul><ul><li>Great river and City views! </li></ul><ul><li>Heat & A/C included </li></ul><ul><li>Swimming pool </li></ul><ul><li>Underground parking available </li></ul><ul><li>Boat slips </li></ul><ul><li>Rents from $555. to $1,400. </li></ul>
  22. 22. The William Brown Lofts 226 S. Main Street <ul><li>Studio, 1 & 2 bedroom floor plans </li></ul><ul><li>Granite counters </li></ul><ul><li>Custom cabinets and trim </li></ul><ul><li>Great views </li></ul><ul><li>Broadband included </li></ul><ul><li>Secured access parking </li></ul><ul><li>Rents from $760. </li></ul>
  23. 23. Garrison Lofts 1105 North Court Street <ul><li>1, 2 and 3 bedroom floor plans </li></ul><ul><li>Lofts in the truest sense! </li></ul><ul><li>Reclaimed & recycled beams & trim </li></ul><ul><li>Eco-friendly historic renovation </li></ul><ul><li>Up to 40’ ceilings </li></ul><ul><li>Private garage parking </li></ul><ul><li>Rents from $1295. </li></ul>
  24. 24. Morrissey Lofts 127 North Wyman Street <ul><li>2 bedroom floor plan </li></ul><ul><li>Patio and roof deck </li></ul><ul><li>Incredible river views </li></ul><ul><li>Large, unique floor plans </li></ul><ul><li>Heated, indoor parking </li></ul><ul><li>Appliances and storage </li></ul><ul><li>Rent at $1500. </li></ul>
  25. 25. Your Invitation…

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