How To Raise Funds For Development Projects
Hi Everyone!
I was hoping to reach out to this awesome community to find suggestions on raising funds for development projects.
For a little background, I am a licensed broker and I am working on finishing up my architecture license this year (only 3 tests left!). Being out around the town, digging through the GIS and MLS, I continuously have a stream of ideas for projects that could be built and be profitable in this market.
There are two projects that I have begun putting together schematic designs for and have taken both to contractors to get cost estimates for construction. With both of these projects I hit a wall at this point as to what I need to do next when it comes to financing them. Both projects are urban infill townhomes in the downtown area in Grand Junction. One would be 2 higher end, large units. The other is about 7 row-house style townhomes, attached to an existing commercial space.
Any input for how to best go about finding financing, partners, etc, for these projects would be amazing!