I am working on a large multifamily development. Seeking an equity investor. Looking for $8.66M on $47MM total construction cost. I am contributing $800K in land value. 312 Units (13 Buildings) Estimated 24 months st stabilization. 6.5%-7% CAP rate. 3-4 Year Term. CBRE feasibility study conducted. Capture rate considered excellent. Top 10 school district in the state.
I think it is best in your case to turn to a broker or a company that manages or has specialists who manage construction companies. I believe that in your case you will also need a lawyer specialized in civil and commercial law. You will have to prepare a lot of documents and it would be good to have a man behind you to advise you. On
fbs you can find very good brokers. They will advise you as the book is written, you will not have problems. At the same time, you are talking about large sums of money of 800k $ and so on, so as not to lose by accident or out of stupidity, try to find an effective method to keep them.