The overall difference boils down to a simple notion: are you selling off individual pieces of the project like condominiums or building lots, or are you retaining the project as a single entity?
Here are the bullet lists of key features and concepts:
C/I Development
- For ground-up development of single-entity projects: apartments, strip centers, mixed use, self-storage, more
- Project detailed hard and soft costs, construction costs
- Select from multiple loan options: land, development, take-out, permanent
- Utilize a complete partnership analysis to work with partners
- Choose from two modes: classic project cost analysis and detailed monthly
- Handle multi-phase projects
On Schedule
- For unit-sale projects, like housing subdivisions, building lots, condominiums, commercial condos
- Handle multi-phase developments — projects built and sold in stages
- Gauge the opportunity in incomplete / abandoned / foreclosed development projects
- Produce month-by-month plan for drawing, using and repaying development loan
- Schedule hard and soft costs month-by-month
- Estimate project absorption for units built and sold over time
- Utilize partnership analysis, Gantt chart and more