THE FINANCING QUESTION
When this becomes relevant.
Start with the business circumstance, rather than choosing a product in advance.
- A sponsor is preparing a ground-up development financing request.
- A construction project needs a review of its capital and contingency plan.
- A development includes land, infrastructure and staged vertical construction.
- A project requires bridge financing before permanent financing or sale.
THE ASSESSMENT
What we examine.
These considerations shape the financing discussion and the information required for a meaningful review.
| Review area | What matters |
|---|---|
| Project readiness | Site control, entitlements, approvals, design, contractor selection and supporting technical work. |
| Cost & funding | Land basis, construction budget, contingency, equity, draw schedule and interest reserves. |
| Completion & takeout | Schedule, sales or leasing assumptions, stabilization period and permanent financing or sale strategy. |
THE STRUCTURING PERSPECTIVE
A plan that fits the situation.
Land and development requests require an identifiable project and a credible route to value creation. We consider the gap between construction completion and a financeable stabilized asset. Independent engineering, appraisal and legal work remain with qualified professionals.
TRANSACTION READINESS
What to prepare.
Begin with a concise overview. Detailed and sensitive records follow through an agreed delivery method.
- Project summary, plans, approvals, site control and contractor information.
- Detailed budget, sources and uses, sponsor equity and draw assumptions.
- Market support, leasing or sales strategy, timetable and proposed exit.
The document list is indicative. The agreed service role, lender requirements and transaction circumstances determine the final package.