| Multifamily Housing Investors - Get Plugged In...One of the most intriguing developments for multifamily housing investors and multifamily housing developers (including senior housing developers) was the advent of expanded opportunities in commercial real estate syndications that serve to augment/supplant the capital financing for new construction project construction phase financing; and that's the difference. Most states provide strict consumer protections for consumers purchasing condominiums or single-family housing units on a forward/construction basis that require the developer to escrow the purchase proceeds until construction is complete. This means a condominium syndication can only impact the last 30 to 45 days of the construction/development cycle. On the other hand, the Tenants-In-Common ("TIC") plan approach is typically not subject to the consumer protection law requirements so the proceeds of the TIC real estate syndication approach can be applied on a pro-rata basis throughout the construction period, making the TIC plan approach a materially-significant issue for every multifamily housing developer! Rainmaker is the firm to consult for:
Talk to a Rainmaker consultant about the possibilities with a free initial consultation. |
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