|
CURRENT ISSUE VOLUME 19 NO. 4 JULY/AUGUST 2008
 Southern Exposure
How to finance a commercial development - without getting burned.
By Eleanor Beaton
These are heady times for the region's developers. A bevy of factors including historically low mortgage rates, an abundance of capital and rural-urban migration are driving up residential and commercial construction. Nowhere is this trend more pronounced than in urban areas such as Moncton and Halifax which boast an undulating backdrop of new developments and the consolidation of existing ones.
But if the boom in real estate has you considering making a move into the industry, take note. The fact that financing is available doesn't mean it's easy to get. What's more, approaching a development without enough cash could sink your account balance lower than your project's foundation. If you're a reasonably sophisticated borrower who's thinking about building some concrete assets, here are some tips on how to get the financing you need, from developers who have been there, done that.
Get the full story
with a free subscription to Atlantic Business Magazine!
Click HERE
|
