By Don McClain | Founder & Principal, Medro Advisors
A proposed construction saving should be evaluated alongside the property it will deliver. Review the effect on usable space, tenant commitments, maintenance, expected income and the time required to begin operations. Include redesign, permitting and delay costs before treating a contractor credit as a reduction in the cash needed to finish. Don McClain’s new construction-financing series explains how to keep deferred work, required approvals and repayment assumptions visible. Qualified professionals must assess code, safety and use requirements. Begin with a non-confidential property overview. No value, financing or closing outcome is guaranteed.
