Condominium Project Feasibility Studies - Market, Finance, & Economic Impact...
Rainmaker Underwriting specializes in project feasibility studies - including condominium project feasibility studies. If you are considering the development of a condominium property and will be seeking commercial bank financing, then an arm's-length market feasibility study is a requirement. Rainmaker Underwriting has completed hundreds upon hundreds of multifamily housing market feasibility studies throughout North America. Our no nonsense attitude of looking under all the rocks is the only way to go. Our focus is on carefully documenting all market conditions and scenarios that have a higher than average likelihood of impacting the project. The key is to provide detailed information that can then be worked-up in the financial feasibility study - which Rainmaker Underwriting also routinely provides.
Condominium projects represent the smallest technical challenge that Rainmaker Underwriting resolves in the field of due diligence documentation. This means we can react fast - generating a complete market and financial feasibility study in as little as 21 days from date of contract, receipt of payment and receipt of the developer's initial program materials. This means the Rainmaker Underwriting approach is very cost-efficient. A typical condominium market and financial feasibility study costs approximately $25,000 and includes approximately 125 pages to 400 pages of original work (including the appendix of raw data). This is an exhaustive report that covers all of the bases.
Rainmaker Underwriting's report includes the following conclusions and recommendations for your project:
See the difference. Rainmaker Underwriting goes the extra mile because our experience on hundreds upon hundreds of multifamily projects (including high-line condominium projects) will help you negotiate the construction financing on a non-recourse basis. It is all part of the difference that makes Rainmaker the leader in customized capital financing consulting solutions.