All Forum Posts by: Nico Corrao

We are looking for a local SME to work with who has experience with commercial multifamily rehab.

This is a fully-owned, occupied 5+ unit in central Maine. We have allocated for CapEx to reconstruct the building envelope (including windows) and are looking for assistance navigating:

- incentive programs/tax strategies for cladding, windows, insulation, heating/cooling (heat pumps), masonry, weatherproofing.
- finding local contractors for the same

We are at the stage where we have cash and credit available for the project, and architectural renderings. 

Welcome recommendations/questions and please DM if you may be a good fit. 

Thank you Jaylan!

That business name alone is worth the call :)

- Cheers -

Hello

I'm an investor in Maine, Massachusetts, and New Hampshire. (Maine is the primary focus for real estate)

I am in need of a fiduciary for some financial planning, including new and current investment strategies - I'd like someone experienced in multifamily (5+) real estate and commercial real estate to guide me with advice on tax advantages, equity stripping, liabilities, and perhaps cost seg. in the future. 

I have been an operator for a good while, but am seeking to get a better understanding of the financial side. Any recommendations from folks with good experiences? Happy to answer questions.

@David Marshall Thank you for your reply. Always looking to connect with folks in the area! Will definitely take you up on DMing.

This isn't a historic district and has recently swapped out to a new form-based code in an effort to unify the look of the area a bit. 

Hello,

I have a 12 unit that cashflows well and is need of some larger updates. 

I'd like to replace the building envelope and windows. The municipality has a fairly robust CDBG program available for projects like this and I was hoping to have a conversation with any folks who have used CDBG funds to do similar projects.
- Does the municipality restrict materials.
- Do they essentially become a GC partner (oversee fund disbursement, use preferred vendors etc?)

I have some cash available but am aware the CDBG loans/grants are low/no interest (or grants) and feel my own cash is better used elsewhere. 

Any guidance from someone with experience with this would be appreciated.