Shipping container MF development
Found this interesting [shipping container deleopment](https://youtu.be/Ub88mW2HKug) here in Phoenix and was wondering if anyone had any insight to the product type. Mainly looking for ballpark construction numbers and lender appetites for the product. Thanks in advance.
[{"id": "eupqxb4", "text": "As a lender, I can tell you we\u2019d delete the email immediately if a shipping container project came through.", "replies": [{"id": "eupu1mg", "text": "\ud83d\ude02", "replies": [], "depth": 2}, {"id": "eve6w06", "text": "Also a lender and looked at this exact project. No way. I didn\u2019t personally look at it but when we all saw it we had to google it. Living in a steel dark colored box in Phoenix sounds like a literal hell hole.", "replies": [], "depth": 2}], "depth": 1}, {"id": "euqiarb", "text": "There's a sorta-failing project like that here in Columbus. I remember reading an article talking about the costs and another article discussing why it was failing (financing issues?) but my google-fu is weak right now. Here's an older article about it:\n\nhttps://www.dispatch.com/news/20170219/apartment-building-made-of-shipping-containers-first-for-columbus", "replies": [], "depth": 1}, {"id": "ev1g6wq", "text": "I'm conflicted about shipping containers for use in CRE.  Mainly because ultimately they are just not that great of a solution for the problem.  They are 8' wide, require structural upgrades to cut holes, etc.  I just can't get around why going with a true modular construction would not be a much better solution.  I agree they are \"cool\" but I just don't think I'm on board the hype train vs. other more efficient structural solutions.", "replies": [], "depth": 1}, {"id": "evr2vrd", "text": "Shipping containers might fill a niche or two in self storage, but that\u2019s about it.", "replies": [], "depth": 1}]