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A little about me: - Over 10 years development experience at a small shop. - I have done everything from acquisitions, to financing, leasing, entitlements, construction and dispositions. - We have done everything from a 2,500 single tenant Starbucks to a 500,000 sf power center.
Every Texas town has been killing us with “impact fees” lately. This is for a single tenant retail building. We got hit with similar on a freestanding QSR last month.
If a broker introduces you to a lender should they get paid in perpetuity on every loan you do in the future with that lender?
MUD tap fees for a daycare in Houston. Not exactly what we had budgeted.
Story time. Completed a 4,000 sf dental office. The city came to do final inspection for CO. They decided they didn’t like the exterior light fixtures they previously approved. Now they won’t give us a CO until we replace them.
It is not everyday you see snow on your Texas construction cameras.
Construction loan closed for Early Ed BTS. Tough space for some banks but pretty happy with these terms. - $4,520,000 - 75% LTC - 24 Months I/O - 3 Year Perm Option (25 yr/am) - Prime -0.50% - 0.50% Origination Fee - No Personal Guarantee - No Prepayment Penalty - Texas Bank
TIA’s used to be infrequent, now just about every project requires one.
Spending too much time reviewing G702 & G703 forms for errors lately.
Industrial question. Northeast 40,000 sf building, single digits rent, 10 year term, what is the going leasing commission?
It was great meeting @tyleralley24 and @bethanyjbabcock in person yesterday at Retail Live. This app still making good things happen.
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