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Development & Construction Services Capabilities Presentation.

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Presentation on theme: "Development & Construction Services Capabilities Presentation."— Presentation transcript:

1 Development & Construction Services Capabilities Presentation

2 Who We Are & What We Do  Principals: Lee Allen & Rob Leonard  Focus: Pursuit of multi-family construction and development opportunities  Build internally funded projects  Provide development and construction services for external investors  Recent Projects: Eastside on Ross and Eastside on Lindell. www.eastsidetownhomes.com

3 Development Services  Land acquisition Assess markets and land values Identify buildable land Negotiate land price  Project assessment Create proforma to determine project feasibility Analyze sales comps  Finance Construct project package related to raising debt and equity Make introductions and attend meetings with prospective banks and investors Negotiate terms

4 Development Services (Continued)  Pre-development Civil Structural Platting Architectural Permitting  Legal Create partnerships Set up condo docs and HOA Hire HOA management company Chair HOA board until turned over to homeowners

5 Development Services (Continued)  Accounts Payable/Receivable Verify and pay invoices Provide budget reports Coordinate bank draws Coordinate entity tax returns, 1099’s and K-1’s Reconcile and distribute proceeds after units are sold Distribute shareholders profits and associated tax documents  Marketing Develop marketing plan Interview and select Real Estate agent Negotiate commissions Negotiate marketing budget

6 Construction Services  Pre-construction building evaluation Architectural input Plan review/feasibility Develop construction timeline  Bids Receive multiple bids from subcontractors Negotiate pricing Choose contractors Obtain insurance documents from subs  Budgeting Use bids to create construction budget Manage budget and overruns Consult with investors on change orders

7 Construction Services (Continued)  Land preparation Demo of any existing structures Oversee grading Install temporary and silt fencing  Construction Management Schedule subs Meet with building inspection Quality control Maintain lot/street cleanliness Loss prevention Obtain CO  Make Ready Complete any repairs required from buyer walk through Complete any repairs required by buyer’s inspector


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