{"product_id":"condo-development-opening-plan","title":"How To Open A Condo Development Company In 18 To 36+ Months","description":"\u003cbr\u003e\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"line_top\"\u003e\u003c\/div\u003e\n\u003cp\u003eYou’re lining up land, permits, capital, builders, and buyers before the first unit can close This launch guide covers the condo development launch steps for a five-year US model with \u003cstrong\u003esix owned sites, $735M in land, $275M in construction budget, and first modeled sales in Month 31\u003c\/strong\u003e Use it to check sequencing, readiness, and bottlenecks before you commit to the next site\u003c\/p\u003e\n\n\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\" id=\"main_article_image\"\u003e\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003csection class=\"fml-launch-snapshot-cards\" aria-label=\"Launch snapshot cards for condo development.\"\u003e\u003cdiv class=\"fml-launch-snapshot-grid\"\u003e\n\u003carticle class=\"fml-launch-snapshot-card is-blue\" data-snapshot-key=\"timeToOpen\"\u003e\u003cspan class=\"fml-launch-snapshot-icon-tip\" tabindex=\"0\" data-tooltip=\"The model shows first sales in Month 31, with later projects selling through Month 54. Plan on a 31-month opening runway, and treat that as a planning assumption, not a fixed schedule.\"\u003e\u003cimg class=\"fml-launch-snapshot-icon\" src=\"\/cdn\/shop\/files\/fml-launch-snapshot-time-to-open.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan class=\"fml-launch-snapshot-label\"\u003eTime to Open\u003c\/span\u003e\u003cstrong class=\"fml-launch-snapshot-value\" tabindex=\"0\" data-tooltip=\"The model shows first sales in Month 31, with later projects selling through Month 54. Plan on a 31-month opening runway, and treat that as a planning assumption, not a fixed schedule.\"\u003e31 months\u003c\/strong\u003e\u003cspan class=\"fml-launch-snapshot-detail\"\u003eLaunch runway\u003c\/span\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-snapshot-card is-purple\" data-snapshot-key=\"launchSequence\"\u003e\u003cspan class=\"fml-launch-snapshot-icon-tip\" tabindex=\"0\" data-tooltip=\"The path is land control, feasibility, entitlements, permits, financing, construction, sales, then closings. The first stage is land control, and the order can slip if approvals or capital take longer than planned.\"\u003e\u003cimg class=\"fml-launch-snapshot-icon\" src=\"\/cdn\/shop\/files\/fml-launch-snapshot-launch-sequence.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan class=\"fml-launch-snapshot-label\"\u003eLaunch Sequence\u003c\/span\u003e\u003cstrong class=\"fml-launch-snapshot-value\" tabindex=\"0\" data-tooltip=\"The path is land control, feasibility, entitlements, permits, financing, construction, sales, then closings. The first stage is land control, and the order can slip if approvals or capital take longer than planned.\"\u003e8 stages\u003c\/strong\u003e\u003cspan class=\"fml-launch-snapshot-detail\"\u003eLand control first\u003c\/span\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-snapshot-card is-yellow\" data-snapshot-key=\"keyBottleneck\"\u003e\u003cspan class=\"fml-launch-snapshot-icon-tip\" tabindex=\"0\" data-tooltip=\"Zoning, permitting, and financing must line up before construction draws and buyer contracts can start. If any one stalls, the whole launch shifts.\"\u003e\u003cimg class=\"fml-launch-snapshot-icon\" src=\"\/cdn\/shop\/files\/fml-launch-snapshot-key-bottleneck.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan class=\"fml-launch-snapshot-label\"\u003eKey Bottleneck\u003c\/span\u003e\u003cstrong class=\"fml-launch-snapshot-value\" tabindex=\"0\" data-tooltip=\"Zoning, permitting, and financing must line up before construction draws and buyer contracts can start. If any one stalls, the whole launch shifts.\"\u003ePermit review\u003c\/strong\u003e\u003cspan class=\"fml-launch-snapshot-detail\"\u003eApproval path\u003c\/span\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-snapshot-card is-green\" data-snapshot-key=\"firstRevenueStep\"\u003e\u003cspan class=\"fml-launch-snapshot-icon-tip\" tabindex=\"0\" data-tooltip=\"Revenue starts with reservations, purchase contracts, and escrowed deposits before unit closings. Deposits may be restricted, so they are not the same as free operating cash.\"\u003e\u003cimg class=\"fml-launch-snapshot-icon\" src=\"\/cdn\/shop\/files\/fml-launch-snapshot-first-revenue-step.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan class=\"fml-launch-snapshot-label\"\u003eFirst Revenue Step\u003c\/span\u003e\u003cstrong class=\"fml-launch-snapshot-value\" tabindex=\"0\" data-tooltip=\"Revenue starts with reservations, purchase contracts, and escrowed deposits before unit closings. Deposits may be restricted, so they are not the same as free operating cash.\"\u003eEscrow deposits\u003c\/strong\u003e\u003cspan class=\"fml-launch-snapshot-detail\"\u003eContract deposit\u003c\/span\u003e\u003c\/article\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003csection class=\"fml-launch-timeline\" aria-label=\"Condo Development Launch Timeline\" data-locale=\"en-US\" data-currency=\"USD\" data-export-filename=\"Condo Development launch gantt chart.xlsx\" data-source-title=\"Condo Development Launch Timeline\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\/\" data-note-label=\"Planning note\" data-note-text=\"This 12-period view compresses a longer build-and-sale cycle; move starts if approvals, lender signoff, or buyer conversion slip.\" data-timeline-unit=\"months\" data-period-label=\"Month\" style=\"--fml-launch-periods:12;\"\u003e\u003cdiv class=\"fml-launch-card\"\u003e\n\u003cheader class=\"fml-launch-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-launch-eyebrow\"\u003eLaunch timeline\u003c\/p\u003e\n\u003cp class=\"fml-launch-description\"\u003eShort web summary of the condo development launch plan; the XLSX export carries the detailed Gantt chart.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"fml-launch-export\" type=\"button\" data-launch-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/header\u003e\u003cdiv class=\"fml-launch-board\"\u003e\n\u003cdiv class=\"fml-launch-periods\"\u003e\n\u003cspan\u003eLaunch schedule\u003c\/span\u003e\u003cspan\u003eMonth 1\u003c\/span\u003e\u003cspan\u003eMonth 2\u003c\/span\u003e\u003cspan\u003eMonth 3\u003c\/span\u003e\u003cspan\u003eMonth 4\u003c\/span\u003e\u003cspan\u003eMonth 5\u003c\/span\u003e\u003cspan\u003eMonth 6\u003c\/span\u003e\u003cspan\u003eMonth 7\u003c\/span\u003e\u003cspan\u003eMonth 8\u003c\/span\u003e\u003cspan\u003eMonth 9\u003c\/span\u003e\u003cspan\u003eMonth 10\u003c\/span\u003e\u003cspan\u003eMonth 11\u003c\/span\u003e\u003cspan\u003eMonth 12\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-lanes\"\u003e\n\u003csection class=\"fml-launch-lane\" data-lane-key=\"corporate-setup\" data-tone=\"gray\" style=\"--fml-launch-start:1; --fml-launch-duration:3;\"\u003e\u003cdiv class=\"fml-launch-lane-info\"\u003e\n\u003cstrong class=\"fml-launch-lane-title\"\u003eCorporate setup\u003c\/strong\u003e\u003cdiv class=\"fml-launch-lane-meta\"\u003e\n\u003cspan\u003eMonth 1-3\u003c\/span\u003e\u003cspan\u003e4 tasks\u003c\/span\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-track\" aria-hidden=\"true\"\u003e\u003cspan class=\"fml-launch-bar\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-details\"\u003e\n\u003cbutton class=\"fml-launch-toggle\" type=\"button\" data-launch-toggle\u003eShow tasks\u003c\/button\u003e\u003cul class=\"fml-launch-task-list\"\u003e\n\u003cli data-task-start=\"1\" data-task-duration=\"1\" data-task-priority=\"High\" data-task-output=\"Entity filing\"\u003e\u003cstrong\u003eForm entity\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"1\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Bank accounts\"\u003e\u003cstrong\u003eOpen accounts\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"2\" data-task-duration=\"2\" data-task-priority=\"Medium\" data-task-output=\"Coverage binders\"\u003e\u003cstrong\u003eSet insurance\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"2\" data-task-duration=\"2\" data-task-priority=\"Medium\" data-task-output=\"Books and controls\"\u003e\u003cstrong\u003eStand up systems\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003csection class=\"fml-launch-lane\" data-lane-key=\"land-control\" data-tone=\"blue\" style=\"--fml-launch-start:1; --fml-launch-duration:6;\"\u003e\u003cdiv class=\"fml-launch-lane-info\"\u003e\n\u003cstrong class=\"fml-launch-lane-title\"\u003eLand control\u003c\/strong\u003e\u003cdiv class=\"fml-launch-lane-meta\"\u003e\n\u003cspan\u003eMonth 1-6\u003c\/span\u003e\u003cspan\u003e5 tasks\u003c\/span\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-track\" aria-hidden=\"true\"\u003e\u003cspan class=\"fml-launch-bar\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-details\"\u003e\n\u003cbutton class=\"fml-launch-toggle\" type=\"button\" data-launch-toggle\u003eShow tasks\u003c\/button\u003e\u003cul class=\"fml-launch-task-list\"\u003e\n\u003cli data-task-start=\"1\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Site list\"\u003e\u003cstrong\u003eScreen sites\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"2\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Diligence memo\"\u003e\u003cstrong\u003eDue diligence\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"3\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Purchase terms\"\u003e\u003cstrong\u003eNegotiate purchases\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"4\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Signed land deals\"\u003e\u003cstrong\u003eClose acquisitions\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"5\" data-task-duration=\"2\" data-task-priority=\"Medium\" data-task-output=\"Site control log\"\u003e\u003cstrong\u003eTrack site control\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003csection class=\"fml-launch-lane\" data-lane-key=\"feasibility-lender\" data-tone=\"green\" style=\"--fml-launch-start:1; --fml-launch-duration:7;\"\u003e\u003cdiv class=\"fml-launch-lane-info\"\u003e\n\u003cstrong class=\"fml-launch-lane-title\"\u003eFeasibility \u0026amp; lender\u003c\/strong\u003e\u003cdiv class=\"fml-launch-lane-meta\"\u003e\n\u003cspan\u003eMonth 1-7\u003c\/span\u003e\u003cspan\u003e5 tasks\u003c\/span\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-track\" aria-hidden=\"true\"\u003e\u003cspan class=\"fml-launch-bar\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-details\"\u003e\n\u003cbutton class=\"fml-launch-toggle\" type=\"button\" data-launch-toggle\u003eShow tasks\u003c\/button\u003e\u003cul class=\"fml-launch-task-list\"\u003e\n\u003cli data-task-start=\"1\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Feasibility file\"\u003e\u003cstrong\u003eRun feasibility\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"2\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Project model\"\u003e\u003cstrong\u003eBuild model\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"3\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Loan package\"\u003e\u003cstrong\u003eDraft loan package\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"5\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Lender approval\"\u003e\u003cstrong\u003eSeek lender signoff\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"7\" data-task-duration=\"2\" data-task-priority=\"Medium\" data-task-output=\"Revised pro forma\"\u003e\u003cstrong\u003eUpdate budgets\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003csection class=\"fml-launch-lane\" data-lane-key=\"entitlements-permits\" data-tone=\"primary\" style=\"--fml-launch-start:1; --fml-launch-duration:8;\"\u003e\u003cdiv class=\"fml-launch-lane-info\"\u003e\n\u003cstrong class=\"fml-launch-lane-title\"\u003eEntitlements \u0026amp; permits\u003c\/strong\u003e\u003cdiv class=\"fml-launch-lane-meta\"\u003e\n\u003cspan\u003eMonth 1-8\u003c\/span\u003e\u003cspan\u003e5 tasks\u003c\/span\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-track\" aria-hidden=\"true\"\u003e\u003cspan class=\"fml-launch-bar\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-details\"\u003e\n\u003cbutton class=\"fml-launch-toggle\" type=\"button\" data-launch-toggle\u003eShow tasks\u003c\/button\u003e\u003cul class=\"fml-launch-task-list\"\u003e\n\u003cli data-task-start=\"1\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Zoning matrix\"\u003e\u003cstrong\u003eConfirm zoning\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"2\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Permit filings\"\u003e\u003cstrong\u003eFile permits\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"3\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Utility approvals\"\u003e\u003cstrong\u003eUtility reviews\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"5\" data-task-duration=\"3\" data-task-priority=\"High\" data-task-output=\"Approval tracker\"\u003e\u003cstrong\u003eTrack approvals\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"7\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Permit set\"\u003e\u003cstrong\u003eRelease permit set\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003csection class=\"fml-launch-lane\" data-lane-key=\"construction-delivery\" data-tone=\"yellow\" style=\"--fml-launch-start:3; --fml-launch-duration:9;\"\u003e\u003cdiv class=\"fml-launch-lane-info\"\u003e\n\u003cstrong class=\"fml-launch-lane-title\"\u003eConstruction delivery\u003c\/strong\u003e\u003cdiv class=\"fml-launch-lane-meta\"\u003e\n\u003cspan\u003eMonth 3-11\u003c\/span\u003e\u003cspan\u003e5 tasks\u003c\/span\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-track\" aria-hidden=\"true\"\u003e\u003cspan class=\"fml-launch-bar\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-details\"\u003e\n\u003cbutton class=\"fml-launch-toggle\" type=\"button\" data-launch-toggle\u003eShow tasks\u003c\/button\u003e\u003cul class=\"fml-launch-task-list\"\u003e\n\u003cli data-task-start=\"3\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Bid sheet\"\u003e\u003cstrong\u003eBid contractors\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"4\" data-task-duration=\"1\" data-task-priority=\"High\" data-task-output=\"GC contract\"\u003e\u003cstrong\u003eSelect GC\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"5\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Site setup\"\u003e\u003cstrong\u003eMobilize site\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"6\" data-task-duration=\"3\" data-task-priority=\"High\" data-task-output=\"Active build\"\u003e\u003cstrong\u003eStart builds\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"9\" data-task-duration=\"3\" data-task-priority=\"High\" data-task-output=\"Substantial completion\"\u003e\u003cstrong\u003eFinish phases\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003csection class=\"fml-launch-lane\" data-lane-key=\"sales-closings\" data-tone=\"red\" style=\"--fml-launch-start:7; --fml-launch-duration:6;\"\u003e\u003cdiv class=\"fml-launch-lane-info\"\u003e\n\u003cstrong class=\"fml-launch-lane-title\"\u003eSales \u0026amp; closings\u003c\/strong\u003e\u003cdiv class=\"fml-launch-lane-meta\"\u003e\n\u003cspan\u003eMonth 7-12\u003c\/span\u003e\u003cspan\u003e6 tasks\u003c\/span\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-track\" aria-hidden=\"true\"\u003e\u003cspan class=\"fml-launch-bar\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-launch-details\"\u003e\n\u003cbutton class=\"fml-launch-toggle\" type=\"button\" data-launch-toggle\u003eShow tasks\u003c\/button\u003e\u003cul class=\"fml-launch-task-list\"\u003e\n\u003cli data-task-start=\"7\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Sales calendar\"\u003e\u003cstrong\u003eBuild sales plan\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"8\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Lead pipeline\"\u003e\u003cstrong\u003eLaunch pre-sales\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"9\" data-task-duration=\"3\" data-task-priority=\"High\" data-task-output=\"Buyer contracts\"\u003e\u003cstrong\u003eConvert buyers\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"10\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Occupancy signoff\"\u003e\u003cstrong\u003eSecure occupancy\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"11\" data-task-duration=\"2\" data-task-priority=\"High\" data-task-output=\"Escrow files\"\u003e\u003cstrong\u003eOpen escrow\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-task-start=\"12\" data-task-duration=\"1\" data-task-priority=\"High\" data-task-output=\"Closed sales\"\u003e\u003cstrong\u003eClose units\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cfooter class=\"fml-launch-note\"\u003e\u003cspan class=\"fml-launch-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e This 12-period view compresses a longer build-and-sale cycle; move starts if approvals, lender signoff, or buyer conversion slip.\u003c\/p\u003e\u003c\/footer\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003cdiv class=\"container_new_design_blog\"\u003e\n\n\u003cdiv class=\"text-section_blog text-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"line_top_blog\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhy model Condo Development before buying land?\u003c\/span\u003e\u003c\/h3\u003e\n\n\u003cp\u003eThe \u003ca href=\"\/products\/condo-development-financial-model\"\u003eCondo Development Financial Model Template\u003c\/a\u003e maps revenue, costs, cash needs, and break-even—open it now.\u003c\/p\u003e\n\n\u003ch4\u003eLaunch model highlights\u003c\/h4\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e$735M\u003c\/strong\u003e land cost\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e$275M\u003c\/strong\u003e construction spend\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e$200k\u003c\/strong\u003e setup capex\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMonth 31\u003c\/strong\u003e first sales\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMonth 30\u003c\/strong\u003e cash trough\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMonth 31\u003c\/strong\u003e break-even\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMonth 44\u003c\/strong\u003e payback\u003c\/li\u003e\n\u003cli\u003eStress-test slower sales\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003c\/div\u003e\n\n\u003cdiv class=\"image-section_blog image-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"preview-card\" data-preview-src=\"\/cdn\/shop\/files\/condo-development-financial-model-dashboard-financialmodelslab_461b044f-2ebe-4d08-81d4-60ad237e9f7f.webp\"\u003e\n\u003cimg class=\"preview-img\" width=\"100%\" height=\"auto\" src=\"\/cdn\/shop\/files\/condo-development-financial-model-dashboard-financialmodelslab_461b044f-2ebe-4d08-81d4-60ad237e9f7f.webp?width=500\" alt=\"Condo Development Financial Model dashboard summarizing key KPIs, runway and cash position with a dynamic dashboard that highlights profitability, funding needs and investor-ready performance metrics.\"\u003e\n\u003cdiv class=\"preview-overlay\"\u003e\n\u003cbutton class=\"preview-btn\" type=\"button\" style=\"align-items: center; vertical-align: middle; display: inline-flex; justify-content: center; gap: 6px; line-height: 1;\"\u003e\nPREVIEW \u003csvg fill=\"#fff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" viewbox=\"0 0 448 512\" width=\"14\"\u003e\u003cpath d=\"M416 176V86.63L246.6 256L416 425.4V336c0-8.844 7.156-16 16-16s16 7.156 16 16v128c0 8.844-7.156 16-16 16h-128c-8.844 0-16-7.156-16-16s7.156-16 16-16h89.38L224 278.6L54.63 448H144C152.8 448 160 455.2 160 464S152.8 480 144 480h-128C7.156 480 0 472.8 0 464v-128C0 327.2 7.156 320 16 320S32 327.2 32 336v89.38L201.4 256L32 86.63V176C32 184.8 24.84 192 16 192S0 184.8 0 176v-128C0 39.16 7.156 32 16 32h128C152.8 32 160 39.16 160 48S152.8 64 144 64H54.63L224 233.4L393.4 64H304C295.2 64 288 56.84 288 48S295.2 32 304 32h128C440.8 32 448 39.16 448 48v128C448 184.8 440.8 192 432 192S416 184.8 416 176z\"\u003e\u003c\/path\u003e\u003c\/svg\u003e\n\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eHow do condo developers sell units before construction?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eCondo Development units are sold before construction by lining up the sales engine early: choose brokers, define buyer personas, set the unit mix and pricing releases, and get the reservation and financing checks ready. The first sales activity begins around \u003cstrong\u003eMonth 31\u003c\/strong\u003e, so the setup has to start well before completion; for the upfront planning side, see \u003ca href=\"\/blogs\/startup-costs\/condo-development\"\u003eHow Much Does It Cost To Open, Start, Launch Your Condo Development Business?\u003c\/a\u003e. Use reservations to test demand, then move qualified buyers into contracts with deposits held in the required \u003cstrong\u003eescrow\u003c\/strong\u003e process.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003ePre-sale setup\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eSelect brokers early\u003c\/li\u003e\n\u003cli\u003eDefine buyer personas\u003c\/li\u003e\n\u003cli\u003eSet unit mix and releases\u003c\/li\u003e\n\u003cli\u003eBuild sales materials\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eDemand to funding\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eUse reservations to measure demand\u003c\/li\u003e\n\u003cli\u003eConvert interest into contracts\u003c\/li\u003e\n\u003cli\u003eHold deposits in escrow\u003c\/li\u003e\n\u003cli\u003eCheck buyer financing first\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhat are the biggest condo development launch risks?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003e\u003cstrong\u003eCondo Development\u003c\/strong\u003e launches go wrong when teams buy land before feasibility, underestimate entitlement time, or ignore utility and parking limits. The model shows a cash low of \u003cstrong\u003enegative $240827M\u003c\/strong\u003e in \u003cstrong\u003eMonth 30\u003c\/strong\u003e before breakeven in \u003cstrong\u003eMonth 31\u003c\/strong\u003e, so timing risk is real, not cosmetic. Proceed only when the \u003cstrong\u003ezoning path\u003c\/strong\u003e, \u003cstrong\u003ecapital stack\u003c\/strong\u003e, \u003cstrong\u003esales plan\u003c\/strong\u003e, and \u003cstrong\u003econstruction closeout process\u003c\/strong\u003e are documented.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eTop launch risks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eDo feasibility before buying land\u003c\/li\u003e\n\u003cli\u003eModel entitlement time in months\u003c\/li\u003e\n\u003cli\u003eCheck utility and parking limits\u003c\/li\u003e\n\u003cli\u003eVerify condo document requirements\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eGo or no-go checks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eBuild a strong lender package\u003c\/li\u003e\n\u003cli\u003eTest sales absorption, not hope\u003c\/li\u003e\n\u003cli\u003eCarry enough construction contingency\u003c\/li\u003e\n\u003cli\u003eUse a local-capacity general contractor\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhat are the steps to start a condo development company?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eStart a \u003cstrong\u003eCondo Development\u003c\/strong\u003e company by choosing the market and controlling land first, then prove the project works before you close. The practical order is market, land, feasibility, capital, team, permits, financing, pre-sales, construction, inspections, certificate of occupancy, and unit closings; see \u003ca href=\"\/blogs\/kpi-metrics\/condo-development\"\u003eWhat Is The Current Market Reception To Condo Development?\u003c\/a\u003e before locking in a site.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eStart Here\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eSelect market before forming the office\u003c\/li\u003e\n\u003cli\u003eControl land before closing purchase\u003c\/li\u003e\n\u003cli\u003eTest zoning, density, utilities, title\u003c\/li\u003e\n\u003cli\u003eModel unit mix, parking, absorption\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eExecution Path\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eLine up equity and lenders early\u003c\/li\u003e\n\u003cli\u003eHire counsel, architect, engineers, broker\u003c\/li\u003e\n\u003cli\u003ePermit before construction financing closes\u003c\/li\u003e\n\u003cli\u003eBuild in \u003cstrong\u003eMonth 8\u003c\/strong\u003e; sell in \u003cstrong\u003eMonth 31\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eConfirm whether the condo development company is ready to launch without obvious delay points\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-launch-readiness\" aria-label=\"Launch readiness checklist for condo development.\" data-export-filename=\"Condo Development launch readiness checklist.xlsx\" data-source-title=\"Condo Development Launch Readiness Checklist\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\/\" data-note-label=\"Planning note\" data-note-text=\"Readiness depends on local rules, lender terms, and project timing assumptions.\"\u003e\u003cdiv class=\"fml-launch-readiness-card\"\u003e\n\u003cheader class=\"fml-launch-readiness-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-launch-readiness-eyebrow\"\u003eLaunch readiness checklist\u003c\/p\u003e\n\u003cp class=\"fml-launch-readiness-description\"\u003eUse this go-live approval checklist to confirm the condo development is ready before opening.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"fml-launch-readiness-export\" type=\"button\" data-readiness-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/header\u003e\u003cdiv class=\"fml-launch-readiness-grid\"\u003e\n\u003carticle class=\"fml-launch-readiness-section is-primary\" data-readiness-key=\"land-entitlements\"\u003e\u003cdiv class=\"fml-launch-readiness-section-head\"\u003e\n\u003cspan class=\"fml-launch-readiness-section-icon\" aria-hidden=\"true\"\u003e1\u003c\/span\u003e\u003cstrong class=\"fml-launch-readiness-section-title\"\u003eLand \/ entitlements\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cul class=\"fml-launch-readiness-list\"\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"CFO\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Formation chart and cap table\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eEntity ownership is documented\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eClear ownership is needed before title, debt, and contracts move.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"Counsel\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Zoning memo and condo path note\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eZoning and condo path cleared\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eThe site must support condo use and the legal path.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"Counsel\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Title report and survey\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eTitle, survey, and access cleared\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eTitle gaps or access limits can stop closing and permits.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-readiness-section is-blue\" data-readiness-key=\"due-diligence\"\u003e\u003cdiv class=\"fml-launch-readiness-section-head\"\u003e\n\u003cspan class=\"fml-launch-readiness-section-icon\" aria-hidden=\"true\"\u003e2\u003c\/span\u003e\u003cstrong class=\"fml-launch-readiness-section-title\"\u003eDue diligence\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cul class=\"fml-launch-readiness-list\"\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"Engineer\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Phase I environmental report\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eEnvironmental review is complete\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eEnvironmental risk needs a written read before funds are committed.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"PM\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Utility letters and parking plan\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eUtilities and parking confirmed\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eService capacity and parking count affect design, permits, and sales.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"Architect\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Planning approval package\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eDensity and setbacks approved\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eThe massing plan must fit local rules before design is locked.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-readiness-section is-green\" data-readiness-key=\"capital-stack\"\u003e\u003cdiv class=\"fml-launch-readiness-section-head\"\u003e\n\u003cspan class=\"fml-launch-readiness-section-icon\" aria-hidden=\"true\"\u003e3\u003c\/span\u003e\u003cstrong class=\"fml-launch-readiness-section-title\"\u003eCapital stack\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cul class=\"fml-launch-readiness-list\"\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"Finance\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Budget and lender deck\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eLender package is complete\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eDebt approval needs budget, draw plan, reserves, and presale support.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"Controller\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Draw schedule model\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eDraw schedule matches budget\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eFunding must line up with construction spend and timing.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"Treasury\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Reserve account confirmation\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eInterest reserve is funded\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eReserve shortfalls can create a cash crunch before sales start.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-readiness-section is-yellow\" data-readiness-key=\"delivery-team\"\u003e\u003cdiv class=\"fml-launch-readiness-section-head\"\u003e\n\u003cspan class=\"fml-launch-readiness-section-icon\" aria-hidden=\"true\"\u003e4\u003c\/span\u003e\u003cstrong class=\"fml-launch-readiness-section-title\"\u003eDelivery team\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cul class=\"fml-launch-readiness-list\"\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"PM\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Executed consultant agreements\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eArchitect and engineers are retained\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eDesign signoff needs named leads for architecture, civil, and structure.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"PM\" data-readiness-status=\"Not started\" data-readiness-evidence=\"GC proposal and award note\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eGeneral contractor is selected\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eA signed build path is needed before site work starts.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"Risk\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Certificates of insurance\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eInsurance program is bound\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eBuilder's risk and liability cover should be active before field work.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-readiness-section is-purple\" data-readiness-key=\"sales-closings\"\u003e\u003cdiv class=\"fml-launch-readiness-section-head\"\u003e\n\u003cspan class=\"fml-launch-readiness-section-icon\" aria-hidden=\"true\"\u003e5\u003c\/span\u003e\u003cstrong class=\"fml-launch-readiness-section-title\"\u003eSales \/ closings\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cul class=\"fml-launch-readiness-list\"\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"Sales\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Absorption and launch plan\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003ePre-sale plan is approved\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eEarly demand matters because sales should start before heavy spend.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"High\" data-readiness-required=\"Yes\" data-readiness-owner=\"Counsel\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Broker agreement and checklist\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eBrokerage and workflow ready\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-high\"\u003eHigh\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eThe buyer path needs clean handoffs from lead to escrow.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"Counsel\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Declaration and HOA draft\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eHOA documents are drafted\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eBuyers and lenders need condo docs before units can close.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/article\u003e\u003carticle class=\"fml-launch-readiness-section is-gray\" data-readiness-key=\"finance-control\"\u003e\u003cdiv class=\"fml-launch-readiness-section-head\"\u003e\n\u003cspan class=\"fml-launch-readiness-section-icon\" aria-hidden=\"true\"\u003e6\u003c\/span\u003e\u003cstrong class=\"fml-launch-readiness-section-t\nitle\"\u003eFinance \/ control\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cul class=\"fml-launch-readiness-list\"\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"CFO\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Model review note\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eModel matches project totals\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eTie the model to $73.5M land and $275M build cost.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"CFO\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Cash forecast\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eCash low at month thirty\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eMinimum cash hits Month 30, so funding timing must hold.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003cli class=\"fml-launch-readiness-item\" data-readiness-priority=\"Critical\" data-readiness-required=\"Yes\" data-readiness-owner=\"Founder\" data-readiness-status=\"Not started\" data-readiness-evidence=\"Signed launch approval\"\u003e\u003cdiv class=\"fml-launch-readiness-item-body\"\u003e\n\u003cdiv class=\"fml-launch-readiness-item-top\"\u003e\n\u003cstrong class=\"fml-launch-readiness-item-title\"\u003eGo-live signoff is complete\u003c\/strong\u003e\u003cspan class=\"fml-launch-readiness-tag is-critical\"\u003eCritical\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cp class=\"fml-launch-readiness-item-detail\"\u003eFinal signoff should confirm Month 31 breakeven and 44-month payback.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/article\u003e\n\u003c\/div\u003e\n\u003cfooter class=\"fml-launch-readiness-note\"\u003e\u003cspan class=\"fml-launch-readiness-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e Readiness depends on local rules, lender terms, and project timing assumptions.\u003c\/p\u003e\u003c\/footer\u003e\n\u003c\/div\u003e\u003c\/section\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWant to see what drives the condo launch?\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-main-launch-drivers\" aria-label=\"Main Launch Drivers summary grid for condo development.\"\u003e\u003cdiv class=\"main-launch-driver-grid\"\u003e\n\u003carticle class=\"main-launch-driver-card is-primary\" data-launch-driver-rank=\"1\"\u003e\u003cdiv class=\"main-launch-driver-heading\"\u003e\n\u003cspan class=\"main-launch-driver-rank\"\u003e1\u003c\/span\u003e\u003cstrong class=\"main-launch-driver-name\"\u003eSite Control\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cstrong class=\"main-launch-driver-value\"\u003e$735M land\u003c\/strong\u003e\u003cp class=\"main-launch-driver-description\"\u003eLocking site fit early cuts redesigns, entitlement risk, and lender pushback.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-launch-driver-card\" data-launch-driver-rank=\"2\"\u003e\u003cdiv class=\"main-launch-driver-heading\"\u003e\n\u003cspan class=\"main-launch-driver-rank\"\u003e2\u003c\/span\u003e\u003cstrong class=\"main-launch-driver-name\"\u003ePermit Path\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cstrong class=\"main-launch-driver-value\"\u003e18-36+ mo\u003c\/strong\u003e\u003cp class=\"main-launch-driver-description\"\u003eApproval delays can push construction starts and weaken pre-sale confidence.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-launch-driver-card\" data-launch-driver-rank=\"3\"\u003e\u003cdiv class=\"main-launch-driver-heading\"\u003e\n\u003cspan class=\"main-launch-driver-rank\"\u003e3\u003c\/span\u003e\u003cstrong class=\"main-launch-driver-name\"\u003eCapital Stack\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cstrong class=\"main-launch-driver-value\"\u003eMonth 30\u003c\/strong\u003e\u003cp class=\"main-launch-driver-description\"\u003eFunding needs to survive Month 30 cash low and still reach 44-month payback.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-launch-driver-card\" data-launch-driver-rank=\"4\"\u003e\u003cdiv class=\"main-launch-driver-heading\"\u003e\n\u003cspan class=\"main-launch-driver-rank\"\u003e4\u003c\/span\u003e\u003cstrong class=\"main-launch-driver-name\"\u003eTeam and GC\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cstrong class=\"main-launch-driver-value\"\u003e5 roles\u003c\/strong\u003e\u003cp class=\"main-launch-driver-description\"\u003eLocal experts and a solid GC cut permit loops and speed issue fixes.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-launch-driver-card\" data-launch-driver-rank=\"5\"\u003e\u003cdiv class=\"main-launch-driver-heading\"\u003e\n\u003cspan class=\"main-launch-driver-rank\"\u003e5\u003c\/span\u003e\u003cstrong class=\"main-launch-driver-name\"\u003eSales Strategy\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cstrong class=\"main-launch-driver-value\"\u003eMonth 31\u003c\/strong\u003e\u003cp class=\"main-launch-driver-description\"\u003ePre-sale traction by Month 31 strengthens lender confidence and first-revenue momentum.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-launch-driver-card\" data-launch-driver-rank=\"6\"\u003e\u003cdiv class=\"main-launch-driver-heading\"\u003e\n\u003cspan class=\"main-launch-driver-rank\"\u003e6\u003c\/span\u003e\u003cstrong class=\"main-launch-driver-name\"\u003eCloseout Ops\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cstrong class=\"main-launch-driver-value\"\u003e15-20 mo\u003c\/strong\u003e\u003cp class=\"main-launch-driver-description\"\u003eTight closeout work turns finished units into closings and avoids document delays.\u003c\/p\u003e\u003c\/article\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eSite Control And Feasibility\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"left-row1\"\u003e\n\u003ch3\u003eSite Control and Feasibility Gate\u003c\/h3\u003e\n\u003cp\u003eThis is the first go\/no-go gate. Before you buy land, confirm \u003cstrong\u003ezoning, density, access, utilities, title, survey, environmental risk, parking, unit mix, comparable sales, absorption, and land basis\u003c\/strong\u003e. The model assumes \u003cstrong\u003e6 owned sites\u003c\/strong\u003e acquired from \u003cstrong\u003eMonth 1 to Month 22\u003c\/strong\u003e with \u003cstrong\u003e$735M\u003c\/strong\u003e in total land cost. Weak site math turns into redesigns, entitlement surprises, and lender pushback.\u003c\/p\u003e\n\u003cp\u003eThe readiness signal is a written \u003cstrong\u003efeasibility memo\u003c\/strong\u003e tied to lender assumptions and sales demand. If the memo cannot support the basis and expected pace, the site is not ready. One clean memo per parcel keeps the launch path tighter and makes capital conversations easier.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"right-row1\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eLock the Feasibility Memo Early\u003c\/h3\u003e\n\u003cp\u003eUse one file per site and check the same inputs every time. Verify \u003cstrong\u003etitle, survey, environmental reports, parking needs, and utility capacity\u003c\/strong\u003e before you commit. Then test the land basis against likely pricing and absorption so the project works on paper, not just on the broker deck.\u003c\/p\u003e\n\u003cp\u003eKeep the math visible. \u003cstrong\u003e$735M ÷ 6 sites = about $122.5M per site\u003c\/strong\u003e. If one parcel needs a variance or extra parking, update the model and lender assumptions right away so the opening schedule does not drift.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step1\"\u003e1\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eEntitlement And Permit Path\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n  \u003cdiv class=\"right-row2\"\u003e\n    \u003ch3\u003eEntitlement And Permit Path\u003c\/h3\u003e\n    \u003cp\u003eFor condo development, the approval path sets the launch clock. You can’t start construction cleanly until \u003cstrong\u003erezoning, variances, site plan approval, planning commission review, building permits, utility approvals, subdivision or condominium approvals, inspections, and certificate of occupancy\u003c\/strong\u003e are credible. The model’s construction starts run from \u003cstrong\u003eMonth 8 to Month 27\u003c\/strong\u003e, so the permit work has to be ahead of that window.\u003c\/p\u003e\n    \u003cp\u003eAny hearing delay, utility upgrade, or permit condition can push back \u003cstrong\u003efinancing draws\u003c\/strong\u003e and weaken \u003cstrong\u003epre-sale confidence\u003c\/strong\u003e. That matters on day one because late approvals can leave the project with money tied up, a slower start, and units that are not ready for buyers or lenders when the schedule says they should be.\u003c\/p\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"left-row2\"\u003e\n    \u003cdiv class=\"tips-box\"\u003e\n      \u003ch3\u003eLock the approval order early\u003c\/h3\u003e\n      \u003cp\u003eMap every approval step, then tie it to the construction start date and draw schedule. Here’s the quick check: if one permit is still open, the whole start date is still at risk. Keep the \u003cstrong\u003epermit log\u003c\/strong\u003e, hearing dates, utility lead times, and inspection dates in one place so the team knows what blocks ground start.\u003c\/p\u003e\n      \u003cul class=\"lst_crct_blog\"\u003e\n        \u003cli\u003eConfirm rezoning and variance path.\u003c\/li\u003e\n        \u003cli\u003eTrack utility upgrade lead times.\u003c\/li\u003e\n        \u003cli\u003eDocument permit conditions in writing.\u003c\/li\u003e\n        \u003cli\u003eMatch approvals to Month 8 to Month 27 starts.\u003c\/li\u003e\n        \u003cli\u003eTest the path before lender draws.\u003c\/li\u003e\n      \u003c\/ul\u003e\n      \u003cp\u003eWhat this hides: one missed condition can stall both the build and the cash plan. If the city or utility asks for extra work, update the schedule and funding plan right away so the project stays believable for lenders, sales teams, and buyers.\u003c\/p\u003e\n    \u003c\/div\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n  \u003cdiv class=\"step-circle step2\"\u003e2\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eCapital Stack And Lender Readiness\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"left-row3\"\u003e\n\u003ch3\u003eCapital Stack and Lender Readiness\u003c\/h3\u003e\n\u003cp\u003eFor condo development, financing is the launch gate. With \u003cstrong\u003e$735M\u003c\/strong\u003e of land and a \u003cstrong\u003e$275M\u003c\/strong\u003e construction budget, the project already carries a very large capital base, so the lender needs signed equity, a clean budget, and a credible \u003cstrong\u003edraw schedule\u003c\/strong\u003e before work can start on time.\u003c\/p\u003e\n\u003cp\u003eThe model shows \u003cstrong\u003enegative $240827M\u003c\/strong\u003e minimum cash in \u003cstrong\u003eMonth 30\u003c\/strong\u003e, breakeven in \u003cstrong\u003eMonth 31\u003c\/strong\u003e, and payback in \u003cstrong\u003eMonth 44\u003c\/strong\u003e. That means the deal has to survive timing delays, or cash pressure can slow contractor payments, delay inspections, and push first closings. Lenders hesitate when \u003cstrong\u003epermits\u003c\/strong\u003e, \u003cstrong\u003eGC pricing\u003c\/strong\u003e, or \u003cstrong\u003ebuyer demand\u003c\/strong\u003e are still incomplete.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"right-row3\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003ePackage the Deal Before the Loan Committee\u003c\/h3\u003e\n\u003cp\u003eBuild the package before you ask for money: equity commitments, budget, draw schedule, interest reserve, contingency, pre-sale plan, and a delay sensitivity model. Here’s the quick math: the disclosed land and construction total is \u003cstrong\u003e$1.01B\u003c\/strong\u003e, so every gap in timing or pricing can get expensive fast.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eLock equity before lender diligence.\u003c\/li\u003e\n\u003cli\u003eDocument GC pricing in writing.\u003c\/li\u003e\n\u003cli\u003eMatch permits to each draw request.\u003c\/li\u003e\n\u003cli\u003eModel 30-day and 60-day delays.\u003c\/li\u003e\n\u003cli\u003eShow real pre-sales, not soft interest.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eWhat this estimate hides is reserve pressure. If any input is weak, the lender can cut leverage, hold back draws, or ask for more cash, which can stall site work and delay the opening date.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step3\"\u003e3\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eDevelopment Team And GC Capacity\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"right-row4\"\u003e\n\u003ch3\u003eDevelopment Team and GC Capacity\u003c\/h3\u003e\n\u003cp\u003eThis launch driver matters because condo projects slip when the owner side cannot make fast calls across design, legal, lender, and field teams. \u003cstrong\u003eLocal approval experience\u003c\/strong\u003e and \u003cstrong\u003eclear owner-vendor coordination\u003c\/strong\u003e reduce permit loops, keep draws cleaner, and speed issue fixes before they turn into launch delays.\u003c\/p\u003e\n\u003cp\u003eThe team has to cover \u003cstrong\u003ereal estate counsel, architect, civil engineer, structural engineer, surveyor, lender, title company, broker, property management advisor, insurance advisor, accountant, and a qualified general contractor\u003c\/strong\u003e. Internal staffing starts with \u003cstrong\u003eCEO, development analyst, administrative support, and 05 project manager in Year 1\u003c\/strong\u003e, and \u003cstrong\u003esales leadership starts in Month 13\u003c\/strong\u003e.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"left-row4\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eLock the operating chain before filing\u003c\/h3\u003e\n\u003cp\u003eBefore opening, verify who owns each handoff: entitlement, design, draw approval, title, insurance, and change orders. If one role is unclear, a simple fix can become another permit loop or a delayed lender draw. One clean rule: every consultant should know the decision maker, the backup, and the response time.\u003c\/p\u003e\n\u003cp\u003eUse a written responsibility map and a permit log. If the GC, architect, and civil engineer are not aligned on plan sets, inspections, and field fixes, you burn time and cash. The goal is simple: no filing, draw request, or buyer milestone should wait for an unclear answer.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eMap every permit and draw owner.\u003c\/li\u003e\n\u003cli\u003eConfirm local approval experience.\u003c\/li\u003e\n\u003cli\u003eSet GC response times in writing.\u003c\/li\u003e\n\u003cli\u003eStart sales leadership by Month 13.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step4\"\u003e4\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eSales Strategy And Pre-Sale Traction\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n  \u003cdiv class=\"left-row5\"\u003e\n    \u003ch3\u003ePre-Sale Demand Proof\u003c\/h3\u003e\n    \u003cp\u003eCondos need \u003cstrong\u003equalified buyer demand\u003c\/strong\u003e before the closing risk stack gets too high. That means the unit mix, pricing releases, broker outreach, buyer financing standards, reservation process, deposit escrow, sales materials, and release schedule all have to be set before launch so lenders can see real traction, not just a plan.\u003c\/p\u003e\n    \u003cp\u003eHere’s the quick math: modeled \u003cstrong\u003esales and brokerage commissions\u003c\/strong\u003e are \u003cstrong\u003e60%\u003c\/strong\u003e in Year 1, easing to \u003cstrong\u003e40%\u003c\/strong\u003e by Year 5, while project soft costs fall from \u003cstrong\u003e25%\u003c\/strong\u003e to \u003cstrong\u003e15%\u003c\/strong\u003e. If presales are weak, cash burn stays high and lender confidence drops, which can slow funding and push the first revenue window back.\u003c\/p\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"right-row5\"\u003e\n    \u003cdiv class=\"tips-box\"\u003e\n      \u003ch3\u003eLock The Launch Gate\u003c\/h3\u003e\n      \u003cp\u003eBefore opening, verify that every buyer-facing step is documented and timed: reservation forms, deposit escrow rules, broker agreements, and financing checks. Keep the sales release schedule tied to actual demand so you do not overpromise units the market cannot absorb.\u003c\/p\u003e\n      \u003cp\u003eOne clean rule helps: \u003cstrong\u003eno release without proof\u003c\/strong\u003e. Track qualified leads, broker commitments, and buyer pre-approval standards in one file so the team can show the lender that demand is real and support stronger first-revenue momentum.\u003c\/p\u003e\n      \u003cul class=\"lst_crct_blog\"\u003e\n        \u003cli\u003eDefine unit mix before pricing.\u003c\/li\u003e\n        \u003cli\u003eEscrow deposits before public release.\u003c\/li\u003e\n        \u003cli\u003eUse brokers with local reach.\u003c\/li\u003e\n        \u003cli\u003eSet buyer financing standards early.\u003c\/li\u003e\n        \u003cli\u003eMatch releases to real demand.\u003c\/li\u003e\n      \u003c\/ul\u003e\n    \u003c\/div\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n  \u003cdiv class=\"step-circle step5\"\u003e5\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eConstruction-To-Closing Operations\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"right-row6\"\u003e\n\u003ch3\u003eConstruction-to-Closing Control\u003c\/h3\u003e\n\u003cp\u003eThis stage decides whether finished units become \u003cstrong\u003eclean closings\u003c\/strong\u003e or stuck inventory. With construction timelines at \u003cstrong\u003e15 to 20 months\u003c\/strong\u003e and first sales in \u003cstrong\u003eMonth 31\u003c\/strong\u003e, the closeout calendar has to be live before the first inspection, or a completed unit can sit idle while title, escrow, buyer financing, punch lists, or the certificate of occupancy lag.\u003c\/p\u003e\n\u003cp\u003eWhat this hides is cash timing. A built unit that cannot close still burns carrying cost, staff time, and lender attention, so the launch only works if construction output turns into funded closings without a gap.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"left-row6\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eCloseout Calendar First\u003c\/h3\u003e\n\u003cp\u003eBuild the closeout calendar before the first unit reaches inspection. Map the \u003cstrong\u003eGC schedule\u003c\/strong\u003e, inspections, buyer walkthroughs, punch lists, warranties, HOA turnover, title, escrow, closing packages, and certificates of occupancy so each step has one owner and one date.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eLock inspection dates early\u003c\/li\u003e\n\u003cli\u003eTrack punch lists daily\u003c\/li\u003e\n\u003cli\u003eConfirm title and escrow readiness\u003c\/li\u003e\n\u003cli\u003eVerify buyer financing before walkthroughs\u003c\/li\u003e\n\u003cli\u003eQueue closing packages before CO\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eHere’s the quick check: if any unit cannot close because documents, inspections, financing, or buyer punch lists are not ready, then the whole opening slips. Track \u003cstrong\u003ecompleted units\u003c\/strong\u003e, \u003cstrong\u003eopen punch items\u003c\/strong\u003e, and \u003cstrong\u003eCO status\u003c\/strong\u003e weekly so first closings can happen on time and cash can start moving in as planned.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step6\"\u003e6\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49303512776947,"sku":"condo-development-opening-plan","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/condo-development-opening-plan.webp?v=1782679571","url":"https:\/\/financialmodelslab.com\/products\/condo-development-opening-plan","provider":"Financial Models Lab","version":"1.0","type":"link"}