Services

Pre-development & Closing

• Develop financial models;

• Respond to 4%/9% applications;

• Prepare lender, agency and syndicator applications;

• Negotiate licensing agreements;

• Obtain approvals from funders and syndicators;

• Prepare green submissions;

• Hire consultants and/or contractors;

• Manage architectural, environmental, soil boring, expediting activities;

• Obtain real estate tax abatements;

• Prepare closing spreadsheets; and

• Provide closing assistance.

Construction/ Rehabilitation

• Establish monthly bank requisition process;

• Review and track hard and soft cost invoices;

• Prepare monthly requisitions;

• Attend construction site visits;

• Attend bank walk throughs;

• Assist with construction issues;

• Report on construction progress and cost; and

• Convert construction loans to permanent.

Asset Management

• Review processes and procedures to ensure compliance;

• Make recommendations to maximize revenue and reduce costs;

• Create operating budgets;

• Report to funders;

• Compare budgets to actuals and investigate variances;

• Review vacancy and arrears reports; and

• Review income certification and leasing protocols.

Underwriting Training

Staff training on underwriting LIHTC and other affordable transactions. Training includes underwriting, sizing and calculating the following:

• Income;

• M&O and Permanent Debt;

• Development Budget;

• Tax Credit Equity;

• Cash Flow;

• Developer Fee, and

• Secondary Mortgages.