Make your developer note more marketable — eight tips

By Richard F Klawiter

There is a common misperception that a municipality’s willingness to issue a so-called developer note on a pay-as-you-go basis is tantamount to providing equity to the redevelopment project. 

Unfortunately, most developer notes have too much ‘hair’ on them, thereby compromising their marketability. As a result, unless properly structured in the context of a negotiated redevelopment agreement, the utility of a developer note is not often maximised.

I have represented clients who have successfully monetised developer notes issued by a municipality. Working in tandem with underwriters, we have been able to finance and/or market for sale proposed developer notes. As you structure the features of developer notes, the following principles may help you maximise their marketability. Keep these eight tips in mind…

Click on the link below to read the rest of the DLA Piper briefing. 

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from DLA Piper

View more briefings from DLA Piper

Analysis from The Lawyer

View more analysis from The Lawyer


3 Noble Street

Turnover (£m): 1,566.29
No. of lawyers: 3,961 (UK 200)
Jurisdiction: global
No. of offices: more than 75
No. of qualified lawyers: 542 (International 50)
No. of partners: 142.6