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                               Artist Brings Creative Approach to Home Financing

       By John T Unger Studio
       Dated: Dec 16, 2008

       After a local bank traded land for a mosaic sign, artist raises funds for construction of ecofriendly studio
       built from used shipping containers through sales of limited edition custom mosaics.

       At a time when mortgage and construction loans have dried up, artist John T. Unger has come up with a
       creative way to finance a new studio to replace the dangerously decrepit buildings where he currently lives
       and works.

        Four years ago, Unger rode the roof of his studio to the ground as he struggled to keep the building from
       collapsing under the weight of snow. His tools were destroyed, his work space erased, the heat and water
       for his house knocked out till spring. It seemed like time to quit, but that's not his style. He got creative
       instead.

        Unger worked with a local bank to buy the property and remaining two buildings in exchange for a new
       mosaic sign for their head offices. He vowed to rebuild with a new studio made from durable, eco-friendly,
       used shipping containers. The new building, when complete, will reflect the artist's commitment to working
       with recycled materials. More importantly, it will be immune to extreme weather.

        This year, Unger spent $25,000 of his savings to design the new building, survey the property, prepare site
       plans and seek initial permits… only to have the credit market collapse the very week that the building
       plans were finalized.

        Unger sees this as just another opportunity to prove convention wrong. He plans to raise the funds for
       construction by offering a limited edition of custom mosaics. The mosaics are available in three different
       sizes and the designs can be any image the purchaser desires. The mosaics will be completed in the order
       purchased, one mosaic per week minimum.

        Unger stresses that he is not interested in a handout or a bailout or free money. His investment in his art
       business has already had a positive effect on the broader community. The new studio will allow the artist to
       expand his operations and hire additional help, providing well-paid jobs in a beleaguered economy that has
       recently lost several large employers.

        "As an artist, I am also a small business owner who supports a family, pays taxes, and supports other local
       businesses through the sale of my art. I have a part-time assistant who depends on the income I provide him
       to make his house payment. I spend over $10,000 a year to buy the materials for my firebowls at a local
       scrapyard. I provide so much business for my local freight company that they extend me a 75% discount."

        "There are not a lot of successful businesses or job opportunities in the area of Michigan where I live, and
       the income I make from my art and spend in the community is important to the people I support. The fact
       that I am able to sell my work globally and bring money into the Michigan economy (one of the worst in
       the nation) is something that I am very proud of and I feel pretty good about the fact that I can help people
       pay their bills while larger corporate companies are laying people off left and right. I feel good that my art
       can help others through hard times."

        Although Unger's business is now thriving, the buildings he lives and works in are running out of time. The
       odds of these structures surviving another harsh winter are slim. The need to rebuild is urgent. More details


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on the project and opportunity for purchase are available at http://www.johntunger.com.

###

John T.Unger is an sculptor and mosaic artist. Significant mosaic commissions include: Northeastern
University, Manly Career Academy High School, LakeView Baseball Club, Alden State Bank, Limelight
Lodge in Aspen, CO, and many private homes.

Category           Arts, Architecture, Loans
Tags               Mosaic, Art, Custom Glass Mosaics, Shipping Container, Architecture, Artist Studio, Loan Crisis
Email              Click to email author
Phone              231.584.2710
Address            3014 S. M 66 Hwy
City/Town          Bellaire
State/Province     Michigan
Zip                49659
Country            United States




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