The background check is supposed to identify the amount of risk, then you determine whether you can mitigate that risk or not.

I am now looking to get into new construction development in the PG, Montgomery, and Rockville county areas of Maryland.

You develop relationships with a handle of people that are creating notes and you help them recapitalize, it is like a conveyor belt of deals coming to you.  

Plus, you get huge appreciation here based on how many companies are moving and developing here! 

I ran your numbers through my own development proforma analyzer and it looks really good as a DSCR loan. 

And they execute their investment strategy/model (develop, resell, hold, etc.) effectively to generate a return and/or equity and make a living.

Regarding the HOA and CC&R's, the builder can make changes to the CC&R's pretty easily while the development is under Declarant Control.

I have experience in single family fix and flip, 1-4 family rentals, small apartments (10-30 unit), 100+ unit apartments, development, commercial retail, industrial and office.

We’re developers managing our own portfolio and don’t have any outside investors.

When I purchased my property, I had read all the exciting developments in the works...indoor waterpark, shops, new hotels, restaurants, etc., but was severely disappointed when I went recently with my family.