GID Development

WSOers, does anyone have familiarity with GID (General Investment & Development) and specifically the NYC office of their Development Group? Curious about their reputation/working there.

Thanks

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Best Response

My very limited knowledge of GID:

Worked on a MF development deal during a summer internship at a large bank. The project was overall pretty solid, but one of the main sources of risk, from the bank's view, was the developer's personal financials (contingent liabilities-to-loan ratio or something like that was pretty high).

What ultimately made the committee comfortable with lending on this project was that GID was the LP. They viewed GID as a very established firm with a strong balance sheet and track record. I think they had only done a few other deals with them in the past, but they were all positive experiences.

No idea if it was the Boston or NY office. Like I said, I was just an intern so didn't get to learn/hear much else about them.

 

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