Options for raising equity for a Class A $200M Development Deal?
Can someone break down the different ways of raising equity for a Class A Multifamily development deal and describe the advantages and disadvantages of each? Probably looking to raise around $40-$50 Million for this deal. Strategies that come to mind are Joint Ventures with other developers, using Capital Markets Brokers, bringing in institutional LP's, crowdfunding, preferred equity etc. I'm sure there are options I missed and subcategories of the types I listed.
Our firm has a strong track record- over $2B in multifamily development over the past 20 years exclusively in gateway markets. We have funded most of the equity for previous deals ourselves and haven't gone out to seek equity outside of HNW friends and family, so we are lacking in this expertise and want to understand the options out there.