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Updated almost 3 years ago on . Most recent reply

Rachel Luoto's profile image
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Rachel Luoto
  • from Lake Oswego, OR
  • Member since May 22, 2015
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Rachel Luoto's profile image
Rachel Luoto's profile image
Rachel Luoto
  • from Lake Oswego, OR
  • Member since May 22, 2015
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Rachel Luoto
  • Lake Oswego, OR
115
Votes |
174
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Multi-Family and Apartment Investing

Help me set my developer fee!

Rachel Luoto
  • Lake Oswego, OR
Posted

Hi everyone,

I'm a current Master's of Real Estate Development student at Portland State! I'm putting together a proforma for my final project, a $104MM mixed use development. I currently have a 4% developer fee scheduled. Would you say this is high, low, or just right? We are funded from a mix of LIFT bonds/LIHTC/TIF and a loan for the rest.

Thank you!

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Terrell Garren's profile image
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Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016
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Terrell Garren's profile image
Terrell Garren's profile image
Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
Replied

Sorry, you are about 50 IQ points over my head.  Best of luck to a young go-getter though. 

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