Perhaps you’ve been eyeing that old downtown building. You see the potential and the beauty in the historic architecture, but let’s talk reality: Can you rehab that building and rent it out without going broke in the process? Is your bank willing to loan you money? Will your local rent support your construction costs?

Historic real estate redevelopment, while not easy, can be very rewarding, if you understand the process going in. The Dollars & Sense of historic real estate redevelopment is your guide to learning how that process works.

Join Corey Leon from Grow America for that introduction to the dollars and “sense” of redeveloping a historic building. Corey will touch on the benefits of owning real estate, and how key documents such as the pro forma can help property owners understand whether their prospective project is a winner. Corey will also focus on the lending component and how banks review potential projects before they commit to construction or permanent financing. Since rehabilitation incentives can tip the scales of project feasibility, Corey will also touch on some of the most popular incentives used today.

To reinforce your newfound knowledge, we’ll work through a case study, so you see how these analysis pieces fit together to make the project ready to happen.

Registration is $25 and includes lunch.

Register

Agenda:

8:00 | Welcome & Introductions
8:30 | Rental Real Estate Development Process
9:30 | Pro Forma Income and Expense Statement
10:30 | Capitalization Rates
11:00 | Permanent Lender Underwriting Ratio
12:00 | Working Lunch – Case Study
12:30 | Ohio Tax Abatements, TIF and Exemptions
2:00 | Rehabilitation Tax Credits
3:30 | Case Study
4:30 | Case Study Review
5:00 | Adjourn