What do you know about Condominium Development?

[Joel Calkins]

Let’s talk Condominium developments!

Here’s the situation. Small town condo development. No new projects set to be built within the near future. 20 or so units 3 Bed 2 Bath.

Right now it’s a patch of dirt but the deck has been site approved as is ready for construction.

Questions:

How is the construction financing market. Who’s offering these arms and what are the expected interest rates or draws?

Pre-sales and marketing the property; how have you creatively marketed a new development? Drone footage, 3D tour, custom furnishing, or other?

Any tips tricks or lessons learned?

If you have ANY information regarding condo development please drop it below ⬇️