Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

I am putting together a pitch book for an $8M ground up self storage development.

Total monthly revenue 5700/month for all units rented as LTRs. 25% percentile rent on Rent-o-meter.

Therefore, unless they develop a local blockchain with or without tokens that can be manipulated locally as the need arises (foreclosure, liens, and etc.).

In my experience strictly med buildings are generally developed in the same way as part of a campus or off the path a bit from the main retail corridor, so it really is only suited for that use. 

Land  Development and vertical construction are hands down the toughest loans to get..

They want to share our names and numbers with these developers.

And when people get tunnel vision for lowest $ down, they tend to not give attention to the revenue generation of it, the operations, and that's a VERY dangerous combination of high leverage and not so-good revenue. 

Hardly ‘revenue grade’...