teddit

this week's random real estate development learnings:

- hardest part about building a school isn't the "school" part, but the "building" like actual physical building part

- banks are less likely to loan to schools (for real estate purchases) because nobody wants to foreclose on kids, super bad for the bank's brand if that happens

- but schools can be "economic anchors" for growing neighborhoods, especially in urban communities. target, for instance, is often seen as as an economic anchor bc they are increase employment, commerce, foot traffic, etc.

- there is a niche group of lenders / investment banks that see this opportunity and will lend to schools; lots of family offices leaning into this as well

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠