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Navigating Real Estate Development Loans: A Comprehensive Guide
Real estate development loans are a type of financing for developers who want to purchase raw land and carry out development on it. The loan is considered a short-term acquisition loan since the funds are being dispersed to prepare the grounds for further construction or sale. You would use a land development loan primarily to…
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Empty Hallways: Why the Office Market Is Still Struggling
Since the coronavirus pandemic began, the American office market has faced unprecedented challenges. Government lockdown mandates prompted millions of businesses and institutions to operate remotely or with limited onsite staff.
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A Strong Jobs Report Sends Mixed Signals to Real Estate Developers
Nearly every monthly job report this year has been followed by one sentence: “job gains were higher than expected.” Despite the Federal Reserve’s attempt to stymie economic growth and drive down inflation, strong employment has persisted. In January, job gains were so strong that the unemployment rate fell to 3.4%, the lowest point since 1969.…
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The Developer’s Guide to Lien Waivers. Everything You Need to Know
Lien waivers, or the formal, legal document exchanged between a contractor, subcontractor, material supplier, or other parties to the construction project regarding payment, are necessary to mitigate risk in the development process. By issuing a lien waiver, you ensure all parties involved in the construction process have been paid and waive or release their right…
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Real Estate Private Equity Partnerships Are Unlocking Opportunities for Development
Real estate developers are navigating through a uniquely challenging capital environment. Last week, in this blog piece, we explored access to debt resources for ground-up construction projects, and covered several strategies to win financing even as the debt markets tighten.
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Greening Your CRE Development: Sustainable Materials and Practices
Sustainable real estate development projects, or buildings designed, constructed, and managed with minimal environmental impact, are an increasingly desirable asset class as climate-change-related disasters continue to shape communities. Green buildings have numerous benefits, saving your team money, improving efficiency, lowering carbon emissions, and creating safe and healthy places for people to live and work. In…
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4 Ways Developers Can Beat the Construction Capital Crunch
Acquiring access to capital is the prevailing challenge for commercial real estate developers today. Interest rates have doubled in the last 12 months, a banking crisis has catalyzed a liquidity crunch, and interest rate volatility has made it nearly impossible for developers to price a deal. In short: the constrained capital environment has suppressed lending…
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Legal Hurdles in Real Estate: Navigating Zoning and Building Codes
Legal hurdles can arise at any stage of the real estate development process, and the permitting and approval process for zoning and building codes are often a source of concern. Zoning and building codes can have an outsize impact on your vision for a project, governing the design, construction, alteration, and maintenance of structures.…
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Going Vertical: The Pros and Cons of High-Rise Real Estate Development
High-rise real estate development, or the construction of tall, multi-story buildings that rise above the average structure height in the surrounding area, remains a popular asset class for urban developers. Populations in cities and metropolitan areas are projected to grow exponentially in the coming decades, and in order to meet demand for housing and other…