What do you negotiate in your loan docs?
When receiving a term sheet/commitment letter, what are you typically looking out for in the loan documents for either a 2-10m dollar construction loan or stabilized MF building? Anything to look out for?
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I'm not going to get into all of the basics, but one thing we've been doing lately is ensuring we can pre-purchase materials and store off site at much higher quantities than usual. Material pricing has been all over the damn board lately.
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