Board Topic: Construction financing Looking for information
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Looking for information

Posted by: QuickQuestion Nov 14 2004, 09:59 PM

I am looking to put together a fairly large development deal. I am new to the business. I am looking to build 18,000 square feet and the total cost of the project is currently estimated at $6MM. I am able to raise roughly $.8 - $1MM from investors. This project started because of an incredible interest by friends and family in these units and I can pre-sell as many units as required. I have good credit but no net worth. I am looking for as much information on this subject as possible and would love the recommendation of good books.

Thanks in advance,
An Aspiring Developer

Posted by: loanuniverse Nov 16 2004, 09:09 PM
Well if you can pre-sell as many units as required maybe your calling should be that of a realtor and forget about this development thing. smile.gif

Getting serious now, I have not read this book myself, but people have commented that it is good:

Construction Funding: Real Estate Development, Appraisal, and Finance

Personally, I donít think anything beats experience. The problem is getting yourself situated so that you can get it.

Posted by: Guest Dec 1 2004, 02:54 PM
Thanks for the recommendation. I just bought it and look forward to reading it.

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