Trending Content - Real Estate Forum
Career Resources
WSO Free Modeling Series - Now Open Through
July 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
New construction or rehab? Also, what kind of recourse? Construction guarantee? Guaranteeing delivery of credits? From what I remember in a previous life, no real way to avoid the former, but developer shouldn't be on the hook for delivery of credits assuming factors out of their control (e.g. legislative risk).
Tax credit recapture guarantee, construction completion guarantee, and operating deficit guarantee.
Project is ground up new construction.
Tax credit recapture: known developers can get out of this, excepting for actions or negligence that cause the recapture.
Completion: kind of depends. There are GCs who will put up the completion guarantee for you, just costs more.
ODG: this was always a huge bone of contention, much more so than the other two, and sadly one I usually lost. I don't think it's always the case, but most of the time we ended up with it. Depends on the bank and the deal.
Ut sed doloremque totam quo et officiis. Repellat ut aut et. Neque et aut culpa officia ipsam soluta. Eveniet eos dolor modi cum dicta mollitia.
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...