Why I Pivoted from Value-Add to Ground-Up Development with Adrian Pannozzo

Adrian shares how his team scaled to 515+ doors through joint ventures, why Ontario’s tenant landscape pushed him to reconsider heavy value-add plays, and how CMHC’s up to 95% loan-to-cost and 50-year amortization on new construction changed the math. He walks us through a typical project on a 60’ x 200’ lot: demolish a bungalow, pour slab-on-grade, wood-frame 3-storey / 10-unit (all 2-bed/2-bath ~900 sq ft), above-ground parking, and no elevators—to keep timelines tight and avoid site plan approval where possible. We dig into timelines (about 4–4.5 months to permits; ~18 months build), MLI energy efficiency + affordability point targets, tranche funding with a quantity surveyor, 5- vs 10-year terms, and why Adrian still prefers 5-year to give JV partners flexibility at refi or disposition.   - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/