Hoar Construction’s Post

Need help tackling renovations in your multifamily complexes? Let One Call Construction help you out. Over 20 years of experience in the multifamily marketplace sets us apart from our competitors. One Call does it all! #renovations #multifamily

You know multifamily residential construction is broken when a keynote panelist at Bisnow refers to "cost certainty" as "cost probability." The problem is real, and contemporary methods and solutions like those by RaaP can help! #RoomsasaProduct #prefabrication https://lnkd.in/gE6Ym5Yu

How to integrate the arts into new multifamily projects

How to integrate the arts into new multifamily projects

In this webinar, Meg Epstein presents a 131-key apartment building that will be operated more flexibility than a traditional multifamily... #gabeonthego #multifamily #properties #propertymanagement #proptech #realestate

Curious about how Delta Peerless and Brizo can help you and your needs in the Multifamily Space? Follow our new Multifamily Page to keep up to date with who we are, what we offer, and where we are going.

Data-Driven Excellence: How Hillwood Enhanced Resident Experience Hillwood's commitment to smart technology went beyond implementation - they improved resident satisfaction. Discover how Level's smart locks and data-driven insights have made Hillwood's multifamily properties more competitive and innovative. https://hubs.li/Q025Gyhs0 #DataDriven #ResidentExperience #RealEstate #Innovation

Hey Multifamily Real Estate Community! If Smart Apartment Technology is on your mind then it is time to watch this informative video from my team at ePropertyCare. Property Managers looking to retrofit your existing buildings or Real Estate Developers building news ones this is for you. In the comments below write SMART if you are ready to get your building prepared for the modern resident. #epropertycare #smartapartments #multifamily

Keys to Multifamily Mastery: 1️⃣ Assess the building – units, amenities, quality. 2️⃣ Location matters – neighborhood, transit, environment. 3️⃣ Financial finesse – consider renovation costs and capitalization rate. 🏠💰 #RealEstateTips #MultifamilyInvesting

Had an insightful session with Angie Gill, VP of Real Estate Investments at Miller Valentine Construction at the Miami University Real Estate Club. Here are my key takeaways from the event: Interest Rates and Lenders: 1. Lenders are currently offering loans at an 8% interest rate. This affects the overall cost of financing and emphasizes the importance of strategic financial planning.  2. Analyzing the long-term impact of the interest rate on the project's profitability is essential. Loan-to-Cost Ratio and Equity: 1. The suggested loan-to-cost ratio is capped at 65%, meaning developers need to bring more equity into the project.  2. Exploring alternative sources of equity, such as friends and family or institutional equity from entities like insurance companies, can help meet the equity requirements. Construction Costs:  1. The discussion highlighted the current challenges with high construction costs. Understanding these costs and exploring strategies to reduce them is crucial for the project’s success. Debt Management: 1. Advised to maintain debt levels at 70% or lower. This emphasizes the importance of balancing leverage to avoid overleveraging and associated risks.