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Multiple Sources: Financing the Mixed-Use Development Project
September 29, 2004 Full PDF
The September 29, 2004 New York Law Journal features an article written by Meredith Kane, "Multiple Sources: Financing the Mixed-Use Development Project." The article discusses the appeal of mixed-use developments, which Meredith says make good urban planning sense. She adds that mixing uses allows the value of each component to be maximized and diversifies the project risk. Meredith cautions that the financing structures for these projects require developers to mix and match multiple construction and permanent financing sources to ensure that optimum debt and equity sources can be tapped for each component. She examines the optimal financing structures and ownership conditions for mixed-use projects, and offers pointers for managing construction risk, allocation of project costs and take-out sources.