Quote:
Originally Posted by secondcurve
Nobody has discussed whether the land will be financed or bought out right. Typically, banks don’t like to finance land and if they do the LTV is low, maybe 50% to a well qualified buyer. As others have noted there is no cash flow but there are expenses such as real estate taxes and P&I payments. What is your desire OP?
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The REIT would still be better. More diversified, lower carry costs, and lower acquisition costs.