Buying cash flow business and then developing it into condo highrise?
Has anyone had any experience with buying an operating business with high leverage but then demolishing it and then developing into a high rise condo build? (the cash flows while youre getting zoning approved would help with debt service)
The firm I'm at is considering it and would love to get advice on modeling (UFCF still applies or traditional real estate model? Do I need to build out a balance sheet/three statement model?) or just general resources/pointers
thank you!
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