New construction Commercial Multifamily

[Jake Tolton]

Hi everyone, curious to know more about the process for new construction commercial multi family. Here’s an example to work with. 

Commercial land $850,000, 3 acres 

City approved for 60-80 units 

SDC’s $650k-$550k 

Garden style apartments rough estimate of $180-$200 per sqft to build. 

Based on comps in area minimum sale price per unit of $250,000. 

What are the steps for taking on a project like this? 

Raising capital? 
Financing? 
Deal structure options? 
Construction? 

Really interested in understanding this process more. Thanks! 

[Adam Bartling]

That is more than 1 post reply.  I suggest you find someone doing it, who evaluates the entire deal and not the Field of Dreams "If you build it, (they) will come"