In this episode, I had the opportunity to sit down and discuss debt financing for a multifamily deal and how to secure a construction loan with Joe Donlevy.  Joe the principal at Filmore Capital.  Joe focuses on commercial real estate lending among other things.  Joe has over 20 years of experience working with business owners and commercial real estate investors. 

On this show, we discussed some of the mechanisms of getting a construction loan for a multifamily deal.  We also discussed the Loan-to-Value (LTV) requirements for different lenders and the difference between recourse and nonrecourse loans.  In the last part of the show, we touched on loan guarantors and discussed the current leading environment for multifamily deals. 

As always, you can download the free guide of the 8 fundamental steps of the ground-up multifamily development at woodframeddevelopment.com.  Today’s show is part of step #6 – financing. 

Please, join me to learn more about how to structure debt financing for a multifamily deal and understand the current lending challenges.  I hope you enjoy the show!  

On this episode, I had the opportunity to sit down and discussed the legal due diligence process for a multifamily deal with Will Hodge.  Will Hodge is an attorney at McMillan PLLC.  McMillan has office in Charlotte, NC and Charleston, SC and especially in Commercial Real Estate amount other practice areas. 

On this show, we discussed some of the fundamental due diligence aspects of closing on a piece of land.  We discussed the importance of title search, survey review and analysis, and touched on title commitments, endorsements, and easements. 

For reference, you can download the free guide (8 fundamental steps of the ground-up multifamily development) at Woodframeddevelopment.com.

Please, join me to learn more about the legal due diligence process that takes places prior closing on a piece of land.  I hope you enjoy the show! 

On this episode, I had the opportunity to sit down and discussed the multifamily preconstruction process with Tim Marsh.  Tim Marsh is the Director of Preconstruction at Mill Creek for the Charlotte office.  Mill Creek is a national multifamily Owner/Developer/Builder with 41,000 units under management. 

On this show, we discussed the importance of having a strong preconstruction process including getting the General Contractor early on the design process.  We also discussed the GMP and what is included in this document from allowances, value engineering, contingency, and construction schedule. 

Please, join me to learn more about the biding process for a multifamily development project.  I hope you enjoy the show! 

On this episode, I had a conversation with Peet Poillon.  Peet is a Senior Advisor at NFP.  NFP is a leading insurance broker and consultant that specializes in ground-up development and construction among other things.  In this interview, Peet explained the different risks that owners and developers face during a typical ground-up multifamily project.  Peet also discussed the different insurance policies that are essential to have in place to develop from the ground up.

This is a great episode for those who want to learn more about development risks and how to properly transfer these risks to other groups.  Please, join me to learn more about how to properly insure a multifamily development project.  I hope you enjoy the show! 

On this episode, I had a conversation, Tom Salter.  Tom is the CEO of Triangle Lighting Solutions.  Triangle Lighting Solutions is a lighting consultant located in Raleigh, NC.  Tom’s expertise in lighting fixtures selections, procurement, fixture performance. 

We discussed the lighting fixture process from design, selection, value engineering, submittal, procurement, to lighting performance.  Tom shared his opinion on the different multifamily lighting packages from amenity lighting selection, landscape, and finally unit fixture selection.  Tom stressed focusing on the lighting fixture selection on the amenity space as it relates to the ability to rent units.  

On this episode, I had a conversation, Mike Copeland.  Mike is the Senior Urban Designer at LandDesign.  Mike’s expertise is in urban planning.  We discussed different topic from master planning, land management to rezoning.  On the second part of the interview, we discussed the different local authorities having jurisdictions and how that affect the design concept on the restrictions these agencies impose to the site. 

On this episode, I had a conversation, Brian Simpson.  Brian Simpson is the Senior Project Manager at RBA.  Mike has experience design woof framed multifamily structures. 

We discussed the difference of the architectural design phases from SD, DD, CD to Concept Phase typically used as a rezoning study, timing of the design process, different design consultants involve in the design process, and timing of the building permit approval process as it relates to the to the CD phase.  On the second part of the interview, we discussed the difference construction types and why Type V (wood framed construction) is so popular in multifamily in the southeast of United Stated. 

On this episode, I had a conversation, Will Howie.  Will Howie is the owner of H Supply.  I have the opportunity to work with Will in multiple projects.  H Supply is a regional multifamily cabinetry contractor located in Mathews, NC.  Will shared his non-traditional construction background coming from an accounting background and transitioning to be the leader and owner of a cabinetry company.  We discussed the cabinetry design process, few cabinetry options, submittal process, procurement process, transit, installation, and quality control process.