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11
a.m., Detroit
Mark Bottai of Bottai
Construction Management
walks through a house
he just finished renovating.
On Detroit's Eastside,
there are at least 11,000
abandoned homes. Tired
of seeing the community
deteriorate, the young
entrepreneur put his
construction skills to
use by buying and renovating
rundown houses, then
selling them
.
Mark got started with
a real estate loan from
ShoreBank and a predevelopment
loan from ShoreBank Capital,
a company that invests
in new or expanding companies.
To date, Mark has renovated
60 homes and purchased
two apartment buildings
that he is now rehabbing.
For most of his buyers,
this is their first home.
Recognizing that his
houses would have a higher
value if the neighborhood
felt stronger, Mark bought
a key commercial property,
planning to renovate
it, bring in new retailers
and add a new sense of
stability to the community.
Over the years, ShoreBank
has helped hundreds of
developers renovate thousands
of homes. It's a sound
formula for strengthening
communities while helping
individuals build wealth
- extending loans to
developers creates jobs,
provides affordable homes
for families, revitalizes
communities and helps
entrepreneurs achieve
their dreams. Together
with dedicated entrepreneurs
like Mark, ShoreBank
is changing the world,
one block at a time. |
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