Services

Borrowers

Development and Consultant Services Available

Developer

  • Full Development Services
  • Conduct profitability and risk analysis
  • Build proformas
  • Land acquisition, LOIs and PSAs
  • Land entitlements
  • Garner city and community support
  • Engage lenders and secure FHA financing
  • Solicit bids from and engage all design consultants
  • Coordinate and supervise design from initial design through             construction documents
  • Solicit bids from and engage general contractor
  • Obtain city site plan approval and building permits
  • Project implementation through construction and                               conversion to permanent financing

 

HUD 221d4 Specialist

  • Concept meeting
  • Encouragement
  • Pre-app submission
  • Invitation letter
  • Firm commitment submission
  • Coordinate with Borrower, Attorneys, Contractor,                                 Architect, Consultants, Lender, A/E Cost Reviewer                                 and Management Company to send timely submissions
  • Firm commitment and amendments
  • Rate lock
  • Initial closing
  • Construction period
  • Cost certification
  • Final closing

Contractors

Consultant Services Available

HUD 221d4 Specialist

  • Pre-app submission
  • Firm commitment submission including all exhibits
  • 2530 Submission
  • Coordinate with Borrower, Attorneys, Contractor,                                 Architect, Consultants, Lender, A/E Cost Reviewer                                 and Management Company to send timely submissions
  • Initial closing
  • Construction period
  • Cost certification
  • Final closing