I work for a firm that owns a relatively large site in CA.
The firm has received great offers for the site in the past, but has decided to keep the property for development.
It's a great site in a desirable SFR area, however land values there are very high so this makes overall opportunity cost of selling instead of developing high as well. Perhaps the land is valuable enough to serve as equity in a development, but not sure how lenders would underwrite that contribution.
Does anyone recommend any processes to help decide which product type may be the best fit for the area? Market study data sources/metrics to look at?
Ad libero commodi corrupti harum provident itaque. Autem quia et magnam facere ducimus inventore.
Maxime ratione est itaque doloribus est ipsam quisquam. Vel debitis numquam nobis qui quibusdam cumque necessitatibus.
Nihil eaque eaque repudiandae. Cumque incidunt culpa enim qui cupiditate ad saepe.
Dolores et consequatur mollitia possimus animi. Assumenda ut sed et consequatur. Praesentium odio ducimus sunt perspiciatis.
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...