Partner - Financial Analysis & Real Estate Development
FHC Development, Inc.
Led the investment team and development group, continually increasing transaction volume and deal size to build a profitable real estate development business from $1.5 million to $7.8 million in annual sales within five years
·Created a structured portfolio planning and budget process using analysis of financial models based on past project experience and forecasts of current market trends.
·Evaluated potential investments for viability, performed due diligence including feasibility assessment, asset valuation, market research and project competitiveness.Led negotiations for all property acquisitions, leases and dispositions.
·Secured multi-million dollar equity financing commitments from private investors and negotiated debt and mezzanine financing agreements with lending institutions.Produced and presented investor proposals.Established and maintained banking and private investor relationships.
·Developed and managed individual project budgets in excess of $4 million for new construction condominiums, mixed-use buildings and single family residences.Consistently delivered projects on schedule and within budget.
·Procured design professionals and contractors. Supervised construction operations and met with contractors to schedule, monitor and inspect ongoing projects.
·Ensured accuracy of documentation and compliance with insurance and regulatory requirements, including municipal approvals.
·Managed the sales and customer service process – selected the listing company, hired staging consultants and design professionals, coordinated complete marketing strategies appropriate to each project, ensured client satisfaction.Maintained control of closing process and move-in schedules, completion of punch lists and resolution of warranty claims.
·Launched and directed a brokerage firm (Cornerstone Properties of Chicago) to manage the residential sales transactions of FHC. Hired, trained and supervised part-time agents with a focus on guiding first-time home buyers comfortably through the entire process. Created marketing plans, promotional materials and virtual tours.