Updated almost 5 years ago on .
What do you know about Condominium Development?
Let’s talk Condominium developments!
Here’s the situation. Small town condo development. No new projects set to be built within the near future. 20 or so units 3 Bed 2 Bath.
Right now it’s a patch of dirt but the deck has been site approved as is ready for construction.
Questions:
How is the construction financing market. Who’s offering these arms and what are the expected interest rates or draws?
Pre-sales and marketing the property; how have you creatively marketed a new development? Drone footage, 3D tour, custom furnishing, or other?
Any tips tricks or lessons learned?
If you have ANY information regarding condo development please drop it below ⬇️