1. What makes a project attractive when you are considering funding? On the investor CRE front, it would be supportable (and realistic) NOI projections that generate debt coverage of 1.20x plus at stabilization, or a solid, verifiable take out source (sale/permanent financing) at completion of the project. We also look for sponsors/owners that have an established track record and high personal character (have they kept lenders whole through tough times). On the corporate banking front (operating lines of credit, equipment loans, owner occupied CRE, etc.), we look for profitability and strong recurring cash flow from operations that can cover debt service, recurring Capex at 1.15x or greater.
NAIOP Northern Nevada announced they will host a transportation-infrastructure breakfast panel featuring experts in the field on April 25, 2024. The event will offer an insightful panel discussion on the state of infrastructure in northern Nevada.
Panattoni Development Company continues to be very bullish on the northern Nevada industrial market.
An industry veteran with decades of experience and hundreds of successful developments to his name, Par Tolles has long served as a pioneer in changing the face of Northern Nevada and beyond.
