What's the Point of Developing a Property?

The bank won't give you credit for that new value. They'll only give you value for your costs. That's the one thing. When we develop, I mean, the reason that we do develop is because we create the original value add. Right? We take the hard costs, the sticks and stones and we put the tenant in there. And once that cash flow hits, it totally changes the formula of what it's worth and why. The numbers are quite significant. You're talking about over 50 million in an equity. 80% or 4x on your equity that was in the deal,. Because you went into the deal on a 60 million dollar deal. You went in with 30

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