article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. This includes creating a detailed project schedule, budget, and phasing plan. You must secure financing for the project. The construction process also provides for installing flooring, paint, and fixtures.

article thumbnail

Some secrets of surviving 28 years in business

Construction Marketing Ideas

Debt is a pain. Bank debt can be a killer. While I fear our business has too much debt, thankfully most of the it isn’t the type that can be destructive. We’ve avoided the level of secured bank debt that would result in the possibility of extreme personal hardship if the business failed.

Debt 48
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Commercial Property Execs’ Mood Brightens, Yet Outlook Clouded by Economic, Fiscal Uncertainties, Interest Rate Risks

Buisness Facilities Contributed Content

Senior commercial real estate executives are increasingly positive about current and future market conditions—particularly as they relate to top-quality assets in top markets—yet they remain concerned about the slow pace of job creation, sovereign budget deficits (including U.S. credit rating. pension and 401(k) plans.

article thumbnail

Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Unlike the previous global recession caused by loose credit, inflated appraisals, and subprime mortgages to unqualified buyers, the fundamentals for housing since have been solid, as banks tightened lending practices and builders collectively seemed less extended. Benach also has a willingness to adjust, even when times are good.

article thumbnail

All the Way Back

Buisness Facilities Contributed Content

Then came the unforgettably scary fiscal storm that arrived with a thunderclap in September 2008, when a conclave of CEOs from the some of the largest banks in the world and Tim Geithner (then head of the Federal Reserve of NY) were summoned by U.S. The following morning, when U.S.

Banking 47
article thumbnail

Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

According to reports, JPMorgan Chase, the nation’s largest bank, will provide $100 million to help Detroit with housing repairs, blight removal, job training and economic development projects over the next five years. The bank will direct half of the $100 million in loans and grants to community projects.

Detroit 49
article thumbnail

How Do Construction Loans Work?

Work Gearz

Phased check-ins help to keep things on-track: During the building process, the inspections that your lender makes before paying a draw helps to ensure that your contractor stays on schedule and within budget. First National Bank. Disadvantages of construction loans include: 1.) Here is a table for comparison. Minimum credit score.