I’ve newly joined our family business in developing commercial buildings and would appreciate your advice if the following potential project is considered as a strong long-term hold.Project Summary:40-year ground leaseInitial investment: $USD 930,000 (which includes the 10 years of prepaid land rent and all other costs  such as permits, contracts, engineering, geotechnical studies, etc.)Revenue & Occupancy:Annual rental revenue (Year 1): the equivalent of $USD145,000 (at 100% occupancy)7% shop rent increase every 5 yearsOperating Expenses:Recurrent yearly expenses total USD$20,000, covering: Security, maintenance, generator upkeep, insurance, taxes, repairs, and contingenciesLand rent restarts in Year 11 with a 10% increase every 10 yearsFinancing:With loan (USD$550,000 at 7%, over 6 years) → Break-even in Year 12After breakeven, the project produces pure cash flow for 28–32 years.

Hey BP community,I’m currently in a deal to develop five townhomes in West Seattle (Seattle, WA) and would really appreciate any feedback, insights, or questions from those of you with development experience.This is my first ground-up development project, although I’ve been in commercial real estate (specifically retail) for some time now.

I want to start networking on develop With someone from these areas anybody that is available just so i could get some advice ?? 

I’m developing a commercial building in a country in West Africa, and would love your insights on its profitability and financing approach.Project Summary:- 950 sqm corner plot under a 40-year ground lease- G+1 commercial building with 36 shops, a prayer room, and rooftop ad panels- Located in the capital's market zone — very high foot traffic- Initial investment: the equivalent of $USD 930,000 in local currency which includes the 10 years of prepaid land rentRevenue & Occupancy:- Annual rental revenue (Year 1): the equivalent of $USD145,000 in local currency- 7% shop rent increase every 5 years- The annual revenue assumes 100% occupancy, which is typically reached within 1–2 years in this area due to high demand and visibilityOperating Expenses:- Recurrent yearly expenses total USD$20,000, covering: Security, maintenance, generator upkeep, insurance, taxes, repairs, and contingencies- Land rent restarts in Year 11 with a 10% increase every 10 yearsFinancing Scenarios:- With loan (USD$550,000 at 7%, over 6 years)   → Break-even in Year 12- All-cash (no loan)   → Break-even in Year 8After breakeven, the project produces pure cash flow for 28–32 years. 

Investment Info:Large multi-family (5+ units) commercial investment investment in Center. 3-story mixed-use development (80% residential, 20% retail) on leased land in Palm Desert.~152,000 RSF total, with a projected stabilized value of $40M.Project is in early predevelopment phase with GC already secured.Capital raise currently underway for lease structuring and entitlement costs.

Hope you all are doing well, I have a couple homes under contract in the Charlotte Monroe and Mathew’s area would love to shoot some ideas back and forth to see if we can get the ball rolling.

Investment Info:

Other other investment.

Purchase price: $73,000

Cash invested: $350,000

I have created a sustainable farm with short and mid term rentals

What made you interested in investi...

@Hadar Giladi New development can be rewarding but growing markets do not necessarily make the construction project pencil TODAY, and that's what's needed to get a project approved and funded by a lender.

Quote from @Ren Navarro: Are there any successful developers that recommend any videos, books, or have any genuine advice for the steps to build a mutli unit project (for example 10 condos to sell) - from scouting land, to acquisition, to full construction, and finally completion.Great question — and an ambitious goal.The truth is, there’s no one-size-fits-all playbook for ground-up multifamily development.

Has anyone developed any properties in the Chelan area and sold them for a profit?