Commercial Real Estate Podcast

JF3678: Using Future Cash Flow to Get Nearly $6.5 Million in Up-Front Financing ft. Shane LaFave

Written by Joe Fairless | Sep 29, 2024 7:00:00 AM

 

 

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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