Tuesday, October 21, 2014

Getting Started in Commercial Development

Expertise Needed:
Partner for needed expertise, experience, credibility
Hire Expertise

Find the Property:
Size, Zoning, Price
Adding Value
Multiple Exit Strategies

Commercial Class:
Community Building: For what does the property lend itself best? Where is the economic opportunity? What problem needs to be solved?
Demographics
Comparables

Building Your Team:
Who has done similar projects in the past? What architect/builder has experience in this particular asset class or construction?

Financials:
ProForma
Does the project pencil?
Are there financial incentives available?
Creative financing?
Low-interest financing?
Private equity
Syndication
Market Trends and Long-Term Strategies

Exit Strategies:
Buy outs
Buy and Hold
Build, Stabilize and Sell

Happy Investing!




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