Hollywood East - Plymouth Rock Studios Needs a Construction Loan
By Judy Jennings, Tap into Judy's real estate expertise & resources.
(Top Agent Plus)
Is there trouble on the horizon for the multi-million dollar Hollywood East - Plymouth Rock Studios project? It was announced yesterday, that Plymouth Rock Studios has canceled their agreement for the big construction loan that would have allowed the studio to break ground in the next few months on their studio complex. It sounds like they are back to the drawing board and are exploring other alternatives.As reported in the Patriot Ledger, "the studio is optimistic that they will be able to obtain more favorable financing terms now that the economy has shown signs of improvement." I would like to believe that this is the case, but then there is reality. Is there anyone out there that wants to provide a construction loan for a multi-million dollar state of the art studio complex? Did you...
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