2d • Development
Preleasing For Bank Loans
Has anyone had any experience with bank lending requirements wanting to see a certain percentage preleased prior to closing on the construction loan? And as an expansion to that - can people share their preleasing experience with Small Bay? Is that feasible, or is this asset class a "build it first then lease" type of asset? And if so - how do you reconcile banks wanting to see preleases?
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Preleasing For Bank Loans
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