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| | Mixed-Use
Project Construction Loans...
The
recent downturn in the housing industry has resulted in a  renewed
institutional investor interest in mixed-use project developments and
the provision of mixed-use
project construction loans, equity syndications and commercial real
estate syndications. If this is your first mixed-use project
development then your first step should be to talk to a Rainmaker
Marketing Corporation consultant, as now is definitely the time to
consider mixed-use projects versus housing development programs.
To
make it work, consider the following checks:
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A
given project has complete due diligence documentation for all areas
(market, capital funding, engineering, environmental, architectural,
construction, valuation, sales and operations) of the program; and
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The
focus of the initial project development program includes
credit-tenant anchored retail facilities and credit-rated commercial
office space tenants that have committed to the program, together
with an analysis of the emerging capital financing structure based
upon tax-credits, redistricting (TIF and CDD) programs and
commercial real estate syndication availabilities; and
-
The
housing program is being treated (for the time being) as an adjunct
to the development program until such time as the demand drivers
(retail traffic, commercial office leasing, etc.) can demonstrate
strong market support for new housing sales (as lenders will NOT
take any market risk exposure on single-family housing development
programs at this time).
Rainmaker
Marketing Corporation is the development financing consulting group to
turn to for help in completing the arduous due diligence documentation
burden that accompanies the application for non-recourse development
mortgage financing for mixed-use projects throughout North America and
the Caribbean Basin.
This
discussion continues
on the following page...
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Do
You Know The Secret?
When it comes to commercial real
estate development finance, it doesn't matter whether you need to raise
$5 million or $50 million, the out-of-pocket costs, advance fees and
project due diligence costs will always require the same relative
investment dollars the promoters have to fund. Do you know what
that amount is? Do you know the Secret? |
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