How to connect with JV/Co-GP for Development Project

[Robert Frazier]

We're done with entitlements and have permits for our first multi-family, 17 unit development in Boise Idaho.

Land is owned outright, design and entitlements paid for.

What are best ways to connect with Guarantor or co-gp for the construction costs?

[Barry Ruby]

@Robert Frazier

You have two options to get the project financed. Raise the equity from a single investor or syndicate the deal.

If you elect to syndicate the deal, you should be very aware of the federal requirements associated with a private placement. Generally, a full PPM should be in place BEFORE you pitch individual potential investors.

If you elect to solicit a single investor there is no requirement to register the project with any entity BUT you will need to create a presentation in either case.

The financial information (pro forma) should be the centerpiece of your presentation. It should clearly demonstrate the value, cost, timing and performance of the project and it’s relevance to the venture’s stakeholders.

Feel free to contact me if you have any questions or need any assistance in understanding and doing this work.