JF3677: Using Future Cash Flow to Get Nearly $6.5 Million in Up-Front Financing ft. Shane LaFave

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 29 September 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shane LaFave, executive vice president of Roers Companies, joins host Joe Cornwell on the Best Ever CRE Show. In this episode, Shane discusses the development aspect of his business, specifically finding land to purchase for new developments, how he’s able to build right now when other developers are struggling, and what he looks for in a land deal. He also provides a step-by-step breakdown of a $45 million deal he did in his backyard in Minnesota, including how he used Minnesota’s tax increment financing program to get nearly $6.5 million in additional up-front financing.

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Transcript

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0:00.0	Quick disclaimer the views and opinions expressed in this podcast are provided for
0:04.2	informational purposes only and should not be construed as an offer to buy or
0:08.3	sell any securities or to make or consider any investment or course of action.
0:13.6	For more information go to best ever show.com.
0:16.9	Don't be afraid to pull the trigger on something now
0:19.9	because if rates come down like expected they continue this trend you can always refit later
0:24.6	you can't drop the price later when the price has gone up.
0:27.5	Welcome to the best ever CRE show and if that sounds a little different that's because
0:31.7	it is.
0:32.6	Don't worry, our host will still interview
0:34.4	the best commercial real estate experts every day
0:37.0	to give you the best ever advice
0:38.9	with none of the fluffy stuff,
0:40.6	but we're doing it with a new name and a new look and over the next few weeks and months, new hosts with exciting new content.
0:47.5	So if you want real stories behind the good, the bad, and the worst ever deals, then keep listening to the world's longest running daily
0:55.1	commercial real estate podcast, the best ever CRE show.
1:00.0	Best ever listeners, welcome to the best real estate CRE podcast. I'm your host Joe Cornwall and today I'm joined by
1:06.5	Shane Lefav. He's the executive vice president of rowish companies. They do
1:11.0	multi-family investment. They have over 13,000 units either under construction
1:16.7	or already developed. They're working on all types of multifamily, market rate, LITECH,
1:22.0	workforce housing, and Historical Redevelopments. So a ton of experience here. They're based in Plymouth. Is that Minnesota? Minnesota? Minnesota. Minnesota? All right. Well, welcome to the show, Shane, and the first time here, so thank you for your time.
1:34.0	Thank you for having me. Really appreciate it.
	...

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