Sentences with phrase «fund predevelopment»
Additional proceeds of the loan will be used to fund predevelopment costs for the anticipated 265,000 square - foot hotel development project on the site.
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In addition, Burns created a $ 50 million predevelopment / acquisition fund, and works closely with partner organizations, with whom he's underwritten funding for eight affordable housing complexes, with 1,320 units.
Ideally they are for individuals or companies that have a large amount of equity in the property and need funds for predevelopment or entitlements.