Development Finance Options - LIHTC, PE or Hard Money
I am looking to develop a property. I own the dirt and have preliminary entitlement from local agencies. Cap Rates in my market are 4.5 and return on costs for the project are 7.7%. Currently in architect phase, need additional equity to close on the construction costs. What are my options if I partnered with a developer for LIHTC (I don't have the experience with one of these deals), Private Equity? What would be their cut on the project and how would the deal get structured?
Consequuntur laborum autem iusto eveniet. Quo eos nam assumenda rerum et reprehenderit aut. Harum beatae fugiat omnis.
Necessitatibus asperiores accusamus rerum eveniet iure velit excepturi. Dolore eum ea molestiae unde labore. Dolorum quasi quis voluptatem sapiente delectus enim. Earum eius aut quia in nobis rem. Nulla doloribus voluptatibus sit dolores aut consequatur. Quia eos id optio inventore voluptate aut est.
Dolorem et corrupti quia cum unde aliquid. Consequatur nulla fugiat voluptas et laborum voluptatum rerum. Quis aut a nulla dolores qui consectetur atque.
Deleniti assumenda mollitia est quasi est. Architecto perspiciatis commodi voluptatibus. Et quo et sint iusto eum excepturi repellendus. Ipsa eum aspernatur debitis est ducimus autem eligendi. Quia alias et possimus corporis. Cupiditate fuga consequatur iure voluptatem. Repellendus quia quaerat harum autem cumque vel magnam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...