developer behavior: What makes a commercial real estate project "weak or strong" - 05/31/10 03:38 AM
Weak projects, no matter how great they appear, can turn a funder off if any of the following conditions are present:
1. The project has a funding deadline - a funder would rather take a project that will work if they have to wait for funding. Funders frown on projects that have a deadline. For example, "If I'm not funded in 5 weeks, I'll lose the property." We as intermediaries would never accept a project like this when there are hundreds more that won't be calling us every day and giving us guilt trips for their project not being funded.
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developer behavior: Developers get dumped for being pushy, demanding and rude...No Funding! - 03/07/10 06:16 PM
As many of you know, Walker Commercial Funding works exclusively within the private funding world. All of our projects are funded by private sources and have been since 2006. Unfortunately, some developers still believe they live in the financial world of 2006. To get results, they could put some heat on their funders and threaten to stop banking with them or any other sorts of threats. Obviously it was effective, otherwise they wouldn’t have developed that behavior In present times, the private and evasive sleeping giant is meeting old school "this is how my bank did it for 30 years" developers.I regret … (2 comments)
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