For rentals the project must be (or projected to be) cash flow positive with the loan in place. (biggerpockets.com)
On residential supply, Barclays Bank managing director Spencer Kagan spoke mostly of the rather paltry pipeline of rental projects in Manhattan, and cited the one - year lapse of the 421a tax exemption as a key factor. (therealdeal.com)
Granting such a PILOT would enable Wilmorite to avoid paying sales and real estate taxes on a $ 50 million for - profit rental project on Route 32 South. (hudsonvalleyone.com)