The interest clock
Few consultants know what the phrase “time is money” really means to a real
estate developer.
The idea that there is a perpetual interest clock —
that interest is continually accruing with every passing second, is known all
too well by those engaged in developing property.
At Johnston Group, we understand the need to move through the
pre-construction process smoothly, yet rapidly. The design and permitting timeframe
needs to be as short as possible to reduce the developer’s interest carry for
the project.
That’s why we quarterback the development team and sequence the
approvals to cut the timeframe from due diligence through project design, site
plan approval, civil permitting, platting and every other task necessary to
bring the project out of the ground.
At the same time, our clients count on us to provide rigorous attention to
detail and enjoy unparalleled personal service. After all, cutting time is one thing.
Cutting corners is something completely different.
Time is ticking.
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