Updated about 3 years ago on . Most recent reply
Best Way to Finance a Rental Only Town Home Development?
We are under contract on a 4ac tract we would like to build a rental town home community on. Zoning is on board with residential units 6-8 per acre although the geography would likely only support around 16-18 townhomes. What is the best creative way to finance the development? Rent comps are ~2k/unit and we manage a few properties in the same highly ranked school district and the demand rental demand is crazy.