Property development finance loans can be difficult to acquire. I get many calls from frustrated developers aka commercial bridge loan prospects across this country. Fortunately, real estate development financing aka property development financing is very possible, particularly if you either have sufficient equity in the land or property depending on the deal either in the form of a nice down payment and/or significant equity in the land or property.
Loans for property development can be difficult financing to acquire. I get many calls from frustrated developers aka commercial bridge loan prospects across this country. Fortunately, real estate development financing
aka property development finance is very possible, particularly if you either
have sufficient equity in the land or property depending on the deal either in the form of a nice down payment and/or significant equity in the land or
property. That’s where we come in. We not only have access to great development
bridge loans to help you get the property far enough to qualify for lower cost
long term commercial financing but for many developers that have any or
multiple of the following shortfalls for financing including 1) Less than great personal credit, 2) Insufficient property equity or down payment, and 3)
Insufficient experience even with a great project, we have potential JV (Joint
Venture) partners nationwide who you can team up with.
As in most kinds of real estate investments, location of apartment complexes matters a LOT. Renters want to be close to amenities like shopping, restaurants, employers, and schools. Other things that might matter would be entertainment and activities like exercise opportunities including hiking and running trails, gyms and swimming pools. Renters also look for security with a good neighborhood feeling, safe parking, and even perhaps security guards and gated property. All of these things can be considered when choosing a location and making enhancements that will make your investment pay off better.
Another issue that will make your property pay off better and attract renters who stay and pay rent for a longer time is to have good street appeal. Street appeal is not just for single family houses and includes having attractive buildings, good landscaping, and good maintenance. Renters also like for apartments to have nice floor plans and décor. It sounds like a lot of work and it is. Having workers who can take care of all of these tasks is important to the success of your investment.
One of the key components to keeping your property in good condition is having sturdy building materials. What does that mean? Some of the savviest real estate developers will only use masonry construction, not wood. Why? The buildings hold up better to the all the wear and tear that is inevitable in rental property. Necessary repairs can be completed more quickly if the building materials are a bit more indestructible from weather and severe storms.