Development
The capital requirement begins with the site, infrastructure, construction sequence and a supported cost basis.
Useful for the first discussionSite readiness · Horizontal work · Vertical construction · Contingencies
Residential investment / Build-for-rentThe homes are the start.
The homes are the start.
The community is the plan.
We help sponsors plan and source capital for build-for-rent communities, from development and construction through lease-up and the transition to long-term financing.
Talk through the project
Where the project standsA plan for
A plan for
your next phase.
Lease-up
Completed homes and occupied homes follow different schedules. Carry and reserves need to reflect that interval.
Useful for the first discussionDelivery schedule · Rent support · Absorption · Operating costs
Stabilization
The takeout strategy depends on achieved income, operating performance and the financing conditions at the time.
Useful for the first discussionOccupancy · Collections · Permanent financing criteria · Remaining reserves
The capital sequenceOne phase informs
01 02 03
One phase informs
the next.
Underwrite the community
Connect development costs with the rental business plan.
Fund the sequence
Align construction and equity contributions with the delivery schedule.
Prepare the transition
Build the operating record needed for the next capital decision.
Banks, construction lenders, private credit and development equity, with a potential transition to permanent rental financing.
Capital categories are illustrative. Eligibility, proceeds and terms depend on the transaction and capital provider.
Build-for-rent / The review lensWhat matters.
What matters.
Before the introduction.
Explore the three parts of this property’s capital story.
Development
Site readiness, infrastructure and the sequence of home completions.
The capital conversationBanks, construction lenders, private credit and development equity, with a potential transition to permanent rental financing.
Introduce your build-for-rent projectLease-up
Rent assumptions, operating costs, absorption and reserves.
The capital conversationBanks, construction lenders, private credit and development equity, with a potential transition to permanent rental financing.
Introduce your build-for-rent projectCapital continuity
Construction debt and equity considered alongside the stabilization and refinance plan.
The capital conversationBanks, construction lenders, private credit and development equity, with a potential transition to permanent rental financing.
Introduce your build-for-rent projectYour next moveLet’s talk
Let’s talk
about the project.
Share the location, current phase, project budget and the next deadline.
Introduce your project