Money that must be raised by a builder/developer before obtain financing in order to start a project. Front money is needed to pay for such options on the land, legal fees, feasibility, and engineering studies, drawings. The money, also known as seed money, is normally provided by the equity investor(s) since at this stage in the development of a project financing has not been finalized.
Money necessary to start a development project.
To get a real estate venture underway, it is the minimum amount of money required.
The minimum amount of money necessary to initiate a real estate venture. top
Amount of money necessary to start a project. Money invested in the initial stage of a business transaction to demonstrate good faith as well as to help offset some expenses.