Updated over 3 years ago on . Most recent reply
New construction Commercial Multifamily
Hi everyone, curious to know more about the process for new construction commercial multi family. Here’s an example to work with.
Commercial land $850,000, 3 acres
City approved for 60-80 units
SDC’s $650k-$550k
Garden style apartments rough estimate of $180-$200 per sqft to build.
Based on comps in area minimum sale price per unit of $250,000.
What are the steps for taking on a project like this?
Raising capital?
Financing?
Deal structure options?
Construction?
Really interested in understanding this process more. Thanks!
Most Popular Reply
That is more than 1 post reply. I suggest you find someone doing it, who evaluates the entire deal and not the Field of Dreams "If you build it, (they) will come"