RE Development, venture capital firms

RE Development, venture capital firms

Investor · Member since 2017 · 4 posts · 1 vote

Good morning. Is there a list of venture capital firms to contact for a real estate development Tier 3, TOC approved project near downtown Los Angeles? Thank you

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Will BarnardPro Member
Moderator
Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
4y
Originally posted by @Scott Mac:

Lots of Homeless wandering the streets aimlessly day and night in L.A.

Is your TOC Project to house them or the working poor?

What does homelessness have to do with TOC in LA? TOC stands for "transit oriented communities" and TOC approved plans provide developers the opportunity to add some lower income units in their development near transit to promote less car travel and help provide more affordable housing units in the area. Has nothing to do with housing the homeless.

 @Doug Ito - You can find venture capital firms in LA for real estate developments in a google search. I did one using these key words: "venture capital firms for real estate development in los angeles" and it provided plenty of leads. There are also private investor money and private investor groups who focus on RE, you can probably find some at real estate investment conferences and the like. Are you looking to fund your deal or ???

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  • Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    4y

    Lots of Homeless wandering the streets aimlessly day and night in L.A.

    Is your TOC Project to house them or the working poor?

  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    4y
    Originally posted by @Scott Mac:

    Lots of Homeless wandering the streets aimlessly day and night in L.A.

    Is your TOC Project to house them or the working poor?

    What does homelessness have to do with TOC in LA? TOC stands for "transit oriented communities" and TOC approved plans provide developers the opportunity to add some lower income units in their development near transit to promote less car travel and help provide more affordable housing units in the area. Has nothing to do with housing the homeless.

     @Doug Ito - You can find venture capital firms in LA for real estate developments in a google search. I did one using these key words: "venture capital firms for real estate development in los angeles" and it provided plenty of leads. There are also private investor money and private investor groups who focus on RE, you can probably find some at real estate investment conferences and the like. Are you looking to fund your deal or ???

  • Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    4y
    Originally posted by @Will Barnard:
    Originally posted by @Scott Mac:

    Lots of Homeless wandering the streets aimlessly day and night in L.A.

    Is your TOC Project to house them or the working poor?

    What does homelessness have to do with TOC in LA? TOC stands for "transit oriented communities" and TOC approved plans provide developers the opportunity to add some lower income units in their development near transit to promote less car travel and help provide more affordable housing units in the area. Has nothing to do with housing the homeless.

     @Doug Ito - You can find venture capital firms in LA for real estate developments in a google search. I did one using these key words: "venture capital firms for real estate development in los angeles" and it provided plenty of leads. There are also private investor money and private investor groups who focus on RE, you can probably find some at real estate investment conferences and the like. Are you looking to fund your deal or ???

    Affordable Housing Units--I thought homeless people might be "Lower Income", but they might be classified as something else. 

    That's why I asked--seems like a population that would have a high demand for housing.

    Higher demand = lower risk.

  • Investor · Member since 2017 · 4 posts · 1 vote
    4y

    Re: 

    Scott Mac from Austin, TX

    replied about 24 hours ago

    Lots of Homeless wandering the streets aimlessly day and night in L.A.

    Is your TOC Project to house them or the working poor?

    Sorry, I'm not sure how replies are done on this platform. 
    City of Los Angeles TOC is an incentive to offer a density bonus and less parking. One rule is a certain percentage of affordable housing for different levels of low incomes.
    My TOC project is approved for a 70% density bonus with 10% extreme low income units

  • Investor · Member since 2017 · 4 posts · 1 vote
    4y

    Repling to Will Barnard (Moderator)

    Thank you Will, I found some VCs! I guess I was Googling the wrong phrases

  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    4y
    Originally posted by @Doug Ito:

    Repling to Will Barnard (Moderator)

    Thank you Will, I found some VCs! I guess I was Googling the wrong phrases

     Happy to have helped! Would love to know more about your TOC project here in LA.

  • Investor · Member since 2017 · 4 posts · 1 vote
    4y

    I'm guessing a non-disclosure, non-compete or some agreement is a good idea before emailing a PDF of the project to interested VCs? Some websites say non-competes are not enforceable in CA

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