I want to develop a shopping center on a piece of land we own. How do I find funding and where do I begin?

Question

There are no buildings in existence on that piece of land and we know it's zoned for warehouses and possibly shopping centers.

I'm choosing to develop a shopping center there because others are fighting to put up warehouses and chemical waste facilities there. This use to be a farm that grew crops putting 3 of us through college. Since the surrounding area want these pollutants, I want something that will at least provide jobs and stop global warming industries to pop up in this town.

Answer 1

I'm a mortgage broker from Edmonton, Alberta. You should first have your land appraised, then contact a commercial realtor and ask them if they know of any developers that will want to be equity partners with you. You would provide the land and they would provide the money and expertise to develop the location. then when the project is finished you would split the profit dependant on your pre-arranged profit split

Answer 2

First you need to confirm what you can do with that piece of land. Once confirmed, connect with some financial institutions to determine the land value. Once you have the value, get a loan based on the value and use that land as collateral. Alternatively, you can go into partnership with someone who is keen to develop that land and work with you. You contribute the land and the partner pays the building cost.

Answer 3

Plant trees there and make it a park. The last thing this country needs OR Wants is another strip mall! Paleeeze!

Answer 4

Screw you and your capitalist beliefs. The last thing we need is more shopping centers popping up everywhere and ruining this beautiful land.

Answer 5

This is not something someone inexperienced in shopping center development should attempt on their own.

Answer 6

When asked why he robbed banks Dillinger said "because that is where the money is". 'nuff said.

Answer 7

Definately not here.

Answer 8

you capitalist pig