article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

You must secure financing for the project. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. This phase includes determining the project’s scope, selecting materials, and determining the necessary permits and approvals.

article thumbnail

The Preconstruction Phase: Understanding the Process & Risks

Levelset

It entails the architect creating a full package of drawings for the building that code enforcement will use for permitting. Permit and inspections. The time for performing inspections and pulling necessary permits is the preconstruction phase. Pulling those permits once the drawings are ready is key. Learn more.

Risk 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Questions Commercial Buyers Should Ask When Shopping for a New Building

Wolgast Corporation

Does the current zoning of the space/building permit your intended business use? Rezoning can be done, it’s just a matter of time that you have available and paying for permits. What are the financing options? A remodel project could face discrepancies without it. Is there enough room for parking?

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

A construction loan is high-interest, short-term financing that you can use to custom-build your home. It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. Discussed below are the things you should know before taking out a construction loan.

article thumbnail

Federal Infrastructure Bill Paves the Way Toward More Transportation Infrastructure Public-Private Partnerships

Constructlaw

1] This is important for parties financing P3s. PABs allow the issuance of tax-free municipal bonds to private entities financing qualified projects. 4] Certain federal actions trigger NEPA reviews, including federal funding, granting federal permits or approvals, and allowing projects to take place on federal property.

article thumbnail

Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

That language accomplishes next to nothing for the seller or buyer and may only serve to mitigate risk for the real estate brokers. Or, if you are moving to a new home in the same utility district, then where permitted by the local utility, the system can be moved to your new home. Some of the companies engaged in this business (.

Housing 207
article thumbnail

PSMJ Resources Blog: Managing Risk in Public Works

PSMJ Resources

Managing Risk in Public Works. Any discussion of risk management in public works project delivery must consider the primary causes of project failure. There is a prescribed process for complying with the environmental permitting process. Across all of North America railroad permitting is a common challenge. HubTrotter.