In today's economy, its very difficult to make new ground-up construction projects pencil out. With higher interest rates, labor and material costs, and a decrease in construction financing options, we need to come up with alternate solutions to fund our projects.
Your capital stack refers to all of the different sources of funds that you can bring into your project alongside your debt and equity. The more funding sources you can layer into your capital stack, the better the chance you'll have a viable investment opportunity.
On today's Next Level Thursday episode, developer Josh Canale from Great Lakes Development Group discusses the many sources of incentives that you can access for new construction. We'll talk about TIF and Brownfield, NEZ (neighborhood enterprise zone), federal dollars, and other state and municipal incentives.
We'll also discuss where you can go and who you can talk to in order to find all of the capital available for your project.
You can learn more about Josh Canale through his website: