O mercado de capitais traz hoje diversas alternativas aos produtos bancários, com estruturas de financiamento bastante criativas e flexíveis. Acessá-lo depende de uma série de fatores que envolvem garantias, credibilidade e capacidade de entrega de resultados. Garantias são os imóveis, carteira de recebíveis, aval... Seguradoras tem produtos para este fim. Credibilidade depende da comprovação de bom histórico no mercado em outros projetos. Entrega de resultados, terá que demonstrar know-how operacional no ciclo do negócio, principalmente na geração de caixa ao final do projeto para pagar o empréstimo através do repasse. Bons relatórios para report aos investidores será de fundamental importância para a continuidade do negócio.

If you're experiencing financing challenges with your real estate project, there are several solutions worth exploring. Assess your current financial position and consider alternative funding options such as bridging loans, private investors, or partnerships. It's also helpful to review your project's scope to identify areas where costs can be optimized without compromising quality. Engaging a financial advisor or a real estate consultant with expertise in structuring deals can provide clarity and open up new opportunities. With the right strategy, these challenges can be turned into a stepping stone for your project's success. Let me know if you'd like to discuss tailored solutions for your situation!

1. Underwriters from the Start: Secure underwriters early to ease financial pressure and provide a safety net if other funding sources fall short. 2. Pre-Launch Investment: Attract investors before launch to reduce capital costs and move inventory early. 3. Realistic Profit Expectations: Set achievable financial goals to avoid overextending and ensure sustainable growth. 4. Diversify Funding Sources: Spread risk by leveraging multiple funding channels (venture capital, crowdfunding, partnerships). By combining these strategies, you can navigate financial challenges and keep your project on track for success.

Adopting a proactive approach with diverse funding options is crucial to addressing financing constraints in real estate. Joint ventures help share costs and risks, while public-private partnerships (PPPs) enhance collaboration with the government on beneficial projects. Crowdfunding allows for small investments from many sources. Off-plan sales can secure early cash flow, and engaging institutional investors, like REITs, can provide significant funding. Negotiating favorable terms with lenders, including bridge financing, can alleviate funding gaps. Together, these strategies create a robust framework to keep projects on track.

It is critical to understand minimum debt yields lenders demand. On a construction project, a lender will underwrite to a stabilized debt yield varying from 9-12% based on property type and location. A value-add acquisition may require a minimum debt yield of 8-10% going-in, and the lender will need to underwrite to a higher exit debt yield of 10-12%. These loans can include a substantial future funding component up to 100% of accretive capital expenditures. If the project cannot hit these debt yield targets, a sponsor must come out of pocket for more equity, cut project costs, and/or increase projected NOI.

We found traditional fee structures to be too heavy as construction costs soar. In our company, we aim to add value by acting as partners and charging only our operational costs for a specific period. This approach is designed to maximize investor profits while increasing our equity and future cash flows.

La mejor forma de construir un proyecto inmobiliario es financiándote, porque de esta manera lo podrás hacer de forma rápida y poder tener la retribución económica en tiempo real y poder pagar el financiamiento, sólo hay que tomar en cuenta que se tiene que calcular todo lo que conlleva a pedirlo, no lo veo como una limitante, lo veo como una gran estrategia

One thing I have found helpful is to get to know your potential investors, but also present a comprehensive and detailed investment memorandum, highlighting the investment, potential returns and your own track record. A lot of investors back the jockey to deliver.

Algunas limitaciones han sido: 1- Restricciones presupuestarias: En ese caso se aconseja priorizar actividades críticas del proyecto, renegocia costos con proveedores y busca financiamiento adicional mediante asociaciones estratégicas. 2- Falta de acceso a crédito: para lo cual se debe mejorar la presentación financiera del proyecto y considera alternativas como crowdlending o fondos de inversión privados. 3- Desafíos en flujo de caja: aquí implementar un cronograma de pagos escalonado y optimiza procesos internos para liberar liquidez en etapas clave.

Here are some potential solutions to real estate financing challenges: Financing Options Mortgage: Explore various mortgage options, such as fixed-rate or adjustable-rate. Investor Partnerships: Collaborate with investors to share costs and risks. Crowdfunding: Utilize platforms to raise funds from a large number of people. Cost Management Budgeting: Create a detailed budget to track expenses. Cost Reduction: Identify areas to reduce costs without compromising quality. Phased Development: Break down the project into smaller, manageable phases. Property Management: Outsource property management to reduce costs. Consult with financial experts and explore these options to overcome financial constraints in your real estate project.