💫Top Areas• 28083 – Kannapolis | 3% vacancyMajor revitalization is underway in downtown Kannapolis with the North Carolina Research Campus, new retail, restaurants, and stadium district development bringing jobs and population growth.• 28025 – Concord | 8% vacancyHome to Charlotte Motor Speedway, Concord Mills, and growing logistics corridors along I-85.

Developers had no reason to build into a market with a capped return.

Hey everyone,For those of you doing new construction, how difficult was it to secure a construction loan with favorable rates on your first or second development?

In Communities that DO have a requirement, the Boards notoriously underfund them due to inaccurate estimated costs; lack of understanding of the actual Plan and how it should be developed and utilized by the Board; or by choice simply to avoid increasing the monthly fee to Owners.

One lot on the east side on main, was a "save a lot" grocery that got scrapped and re developed into mixed use. 

At a high level the structure is interesting, but what jumps out to me is how thin the margin is between total project cost and stabilized value.You’re roughly at $680K all-in (ex land) with a projected value in the low $700Ks, which means most of the upside is being captured by the development risk rather than the investor.

There are still 4-5 of STR mega developments coming onto the market in the Smokies.

I'm a new developer in Daphne, AL with projects in Mobile AL and surrounding areas, what's the best way to find active developers interested in buying the paper of my projects or JV for vertical?

If you are currently seeking funding for expansion or development, I would be happy to connect you with the financing team.

Out of these areas, Franklinton and Linden are seeing some of the most development.