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Updated about 14 years ago,
How does the Developer get paid, and when?
I had another quick question. I was wondering how else a developer gets paid from a real estate development, other than selling ownership. I was reading about Donald Trump and how he was paid management and construction fees to oversee the development. But how exactly does this work? Who cuts the check to Trump? For example... If I wanted to do a mixed use development in downtown chicago and I structured financing via bank loans and private investors, and I'm scheduled to break grown within one month... how exactly would I get paid during the contruction of the building? Also, since Trump is the CEO of his own company, does he just cut himself a check, or does his partners pay him?