{"id":1891,"date":"2012-11-29T20:26:19","date_gmt":"2012-11-30T01:26:19","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=1891"},"modified":"2013-05-29T20:37:35","modified_gmt":"2013-05-30T00:37:35","slug":"jim-tadeson","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/jim-tadeson\/","title":{"rendered":"Lenders Want Experience and Proven Success"},"content":{"rendered":"

\u201cLenders want to work with people they trust,\u201d says Jim Tadeson, Founding Partner in Carttera Private Equities Inc.<\/span><\/strong><\/p>\n

Getting the right group of partners together for a project can make all the difference to its success. Those who demonstrate expertise in specific types of projects or strong local knowledge are sought after by lenders, land-owners and commercial partners alike.\"Tadeson<\/a><\/p>\n

\u201cJoint-ventures can be fraught with peril, but if you have the right people together bringing complimentary skill sets that\u2019s the best outcome,\u201d says Tadeson. \u201cIt can often be a happy relationship. Both parties need to have reasonable amounts of skin in the game, a reasonable amount of at-risk money. The skill sets need to be complimentary.\u201d<\/span><\/p><\/blockquote>\n

Partners will seek out people they trust for new projects and lenders are setting stricter criteria and reducing the number of borrowers with whom they\u2019ll work.<\/p>\n

\u201cThey want to work with people that they\u2019ve worked with before. They want a bigger balance sheet out of every borrower. In commercial projects, they want a higher level of pre-leasing. If it\u2019s a condo project, they want a higher level of pre-sales. It\u2019s tougher to get construction financing, which is going to really temper the pace of development and take a lot of undercapitalized guys out of the market. It will be very difficult for them to get financed or low-rates. It\u2019s a relatively new phenomenon. Credit is not available as it has been.\u201d<\/p>\n

Note: This article was published on p 54 of Canada’s Leading Real Estate Forum Magazine, Toronto, Winter 2012.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cLenders want to work with people they trust,\u201d says Jim Tadeson, Founding Partner in Carttera Private Equities Inc. Getting the right group of partners together for a project can make all the difference to its success. Those who demonstrate expertise in specific types of projects or strong local knowledge are sought after by lenders, land-owners […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[30],"tags":[],"class_list":["post-1891","post","type-post","status-publish","format-standard","hentry","category-canada","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-uv","jetpack-related-posts":[{"id":1594,"url":"https:\/\/traceyarial.com\/blog\/en\/commercial-borrowers\/","url_meta":{"origin":1891,"position":0},"title":"Lots of money available now for commercial borrowers","author":"Tracey Arial","date":"May 9, 2013","format":false,"excerpt":"Commercial borrowers with strong projects can expect lots of choice for funding in the coming year, despite rapid changes in risk, interest rates and values. So says commercial real estate financier Morley Greene, the founder and president of Vancouver-based Trez Capital. \u201cIt\u2019s a great time to be a borrower in\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1985,"url":"https:\/\/traceyarial.com\/blog\/en\/mixed-use-calgary-developers\/","url_meta":{"origin":1891,"position":1},"title":"Issues Concerning Calgary Developers","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Developers of mixed-use projects for downtown Calgary say that projects work well as long as partners share a common vision and retail, commercial and residential uses are kept separate. 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I\u2019m a cofounder and leader in\u2026","rel":"","context":"In "Creative Entrepreneur Adventures"","block_context":{"text":"Creative Entrepreneur Adventures","link":"https:\/\/traceyarial.com\/blog\/en\/category\/creative-entrepreneur-adventures\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Multi-CAUS-e1737729158171.jpeg?fit=1200%2C813&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Multi-CAUS-e1737729158171.jpeg?fit=1200%2C813&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Multi-CAUS-e1737729158171.jpeg?fit=1200%2C813&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Multi-CAUS-e1737729158171.jpeg?fit=1200%2C813&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Multi-CAUS-e1737729158171.jpeg?fit=1200%2C813&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":554,"url":"https:\/\/traceyarial.com\/blog\/en\/mentors-and-foster-families-needed-in-lasalle\/","url_meta":{"origin":1891,"position":3},"title":"Mentors and Foster Families Needed in LaSalle","author":"Tracey Arial","date":"June 1, 2012","format":false,"excerpt":"LaSalle-based community groups and schools met on Wednesday, May 16 at the Madre Dei Christiani Church of LaSalle for the second Networking and Partnership Initiative (NPI) for Dorval, Lachine and LaSalle. 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