Hot or Not? DO NOT SHARE THIS! Current build $ new for 90 unit 3 story walk up-2024

[Chris Blackburn]

Yes, sharing our actual costs,  we need more housing but also letting people get past some of the big unknowns.   Sorry about the clickbait.    Here is our current budget...  We are on the West coast. (Not CA).    How does this compare 

with other projects?    We are the developer and the GC, (yes also took the 4 years to get it entitled, oh yea, also the cost 

for all the entitlements.   We are pouring foundations.   Maybe photo updates.   The cap rates are just for place marks, interest rates 

will help.  Site is flat, all funding in place... we are going building.   I should share the capital stack, not pretty but gets the job done.