RAINMAKER MARKETING CORPORATION 281.537.1200

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Retail Project Construction Financing...

For retail developers, the availability of retail project construction financing is a matter of the greatest importance.  Most of the retail project construction financing in the U.S. has (historically) been controlled by major commercial banks.  The commercial bank has an understanding of the local market conditions, can get to the property on short notice and provide a higher level of due diligence investigative capacity than most of the other players in the construction phase project financing continuum. retail project construction financing, loan, mortgage, bridge, mezzanine, equity, gap

That is the way things were done in the 20th century.  The 21st century is a business climate dominated by the near instant availability of information pertaining to market and program development issues.  The result has been a dramatically increased role for institutional investors in the commercial real estate development arena in general, and the retail property market in particular.

Institutional offerings typically provide a much higher loan-to-cost ratio for the interim loan than is the norm for commercial bank loans.  In addition to the typical institutional private placement offering route, there is the potential to file and create a TIF Plan or CDD Plan to provide interim financing.

In any case, the interim funding requirements require the developer to (at the very least) undertake a comprehensive investment incentive entitlement review that includes the availability of one (or more) local, state an/or federal statutory incentive.  The most common route at the local government level usually focuses on a TIF Plan.  Having said that, consideration must be given to the following entitlements:

New Markets Tax Credits

Brownfields Tax Credits

Historical Tax Credits

Bonus Depreciation Expense Allowance

State "Piggy-Back" Tax Credits

State Grants/No-Interest Loans

Federal Loan Insurance

Federal Loan Guarantees 

Federal Direct Loans

Rainmaker can be your "one-stop shop" for entitlement reviews at the local, state and/or federal level.  Our consultants have a national reach and a local understanding of the issues and opportunities that commercial developers need to have as part of their project's proposed capital funding plan structure.

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?

Rainmaker Marketing Corporation can trace its history back all the way to 1989.  Incorporated in 1993, Rainmaker Marketing Corporation has evolved over time into a full-service business to business consulting firm.  Rainmaker Marketing Corporation’s initial specialization was in issues and documentation needs corresponding to the capital funding cycle for commercial real estate development projects with a primary focus on senior housing and health care related properties.  Today, Rainmaker Marketing Corporation serves all types of commercial income-producing property development program financing requests with a combination of feasibility studies, due diligence services, structured finance consulting and a focus on commercial real estate syndication services.  Rainmaker Marketing Corporation’s service area includes all of the continental United States, Canada, Mexico and the Caribbean Basin.

281.537.1200

Email: consultants@rainmakermarketing.com

Commercial Real Estate Development Finance, Due Diligence Documentation, Syndication & Project Management Consulting

15519 Dawnbrook Drive, Houston, Texas 77068.

©Copyright 2011, Rainmaker Marketing Corporation, Inc.  All rights reserved.