Wednesday, January 10 | 8:00 - 8:30 AM
Event Type: Presentation
Location: Multifamily Central - West Concourse, Level 3, Room W 308 A
Frank Golon, Davidson-Wayne Development
Payment in Lieu of Taxes, commonly referred to as a PILOT program or a tax abatement, is a popular way of acquiring favorable construction and permanent loans when developing multifamily projects. While state requirements can vary from jurisdiction to jurisdiction, and any successful PILOT request must comply with the individual state’s requirements, there are several ways to create a pro forma that adapts to PILOT requirements. Join us for this informational program where we show how to develop pro formas that quickly update the PILOT calculations, bank loan interest rate, market changes and other variables that impact the terms and conditions in financing multifamily developments.
55+ Housing Builders & Developers, Housing Finance, Multifamily Builders and Developers, Multifamily Housing