How and why NNN construction loans go up to 100% LTC
[{"id": "e1dn1xb", "text": "I used to wonder why tenants had \"preferred developers\" that essentially get free money for developing pre-leased NNN deals that sell before one shovel hits the ground. I was told by an older guy in the business that the preferred developers \"incentivize\" core people at the tenants in the form of monetary and non-monetary kickbacks.\n\nThat's the only way it makes sense to me since the profit margins on these things are incredible. ", "replies": [{"id": "e1dtoab", "text": "https://www.forbes.com/sites/bisnow/2017/11/10/major-u-s-retailer-files-suit-alleging-multi-state-real-estate-fraud-bribery-scheme/#36498114390f  good example of this", "replies": [{"id": "e1du0cl", "text": "LOL, that's just them having to save face after people caught on that they are a money laundering scheme and not a real business.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]