DEVELOPER'S CORNER
In the commercial real estate industry, land development can be very rewarding and provide good returns on your initial investment. Whether you are a developer or investor, it is important to assemble the right group of experienced professionals to start and complete your project. We work with individuals and companies to evaluate their exit plan, and ensure that all the required resources and capital have been committed for future commercial development projects.

Our core business is financing raw land to be developed into residential subdivisions, Multifamily developments and condominium projects for new prospective homeowners. We have a seasoned team of professionals that understands various types of developments and will add value to your commercial project. After our initial evaluation, we will meet with the key sponsors and provide essential feedback about needed resources, commitment dates and required capital to commence development.


DEVELOPER SERVICES

In order to save you time and money, we have listed individual subject links to direct you quickly to the desired information you want to review. You can proceed by identifying the subject matter, and use your pointer to open the desired link.

Entitlement Issues
Marketing
Capital Structure
Market Analysis
Full Underwriting Services
Bond Funding
Developer's Sponsorship
Phase I - Project Assessment
Phase II - Project Execution
Bridge Financing for Land Development
Real Estate Development Financing
Preliminary Information for Land Development



Entitlement Issues
One important step in the development process is to ensure that the project proposed, coincides with the approved entitlements. The vast majority of developers and investors are concerned with securing equity and debt financing, and therefore proceed very carefully with a watchful eye on the entitlement timeline. Securing financing can be stream-lined if the entitlements are satisfied and approved.

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Marketing
We provide marketing assistance for those developers who have not identified a marketing firm to consult with.  Through our affiliate relationships we are able to offer turn key marketing programs to help market data and to prepare projections with presales/sellouts. Receiving this type of support will help minimize many concerns about absorption issues and keep your project moving forward.

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Capital Structuring
We provide equity and debt financing that is required for various types of land development projects. Our private investors and investment bankers allows us to execute quickly. Each project is evaluated to determine its viability and financial structure. Once these steps are completed, then it is submitted to our loan committee for review and approval.

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Market Analysis
When we receive and evaluate commercial projects to determine our level interest in the project and the associated market. Our first consideration is how we can help the developer or investor. In many cases, we have received projects that express certain absorption rates and we invest our time determining if the market will support the data presented.  We have relationships with reputable real estate firms whose focus is market analysis of major development projects.

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Full Underwriting Service
Proper capital structuring is paramount.  It's imperative that projects be underwritten based on the source of capital. We have a very effective way of evaluating projects and deciding whether the project qualifies for funding. Our investors are always looking for good projects to underwrite and don’t like to waste time.

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Bond Funding Program
If a project requires debt financing, bond funding may be a viable solution. We are able to leverage our strategic alliances with general counsel/law firms and institutional/private bond underwriters to fund your infrastructure or land development project.

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Developer Sponsorship
All developers and investors looking for financing must have key sponsorship to begin the underwriting process.  It is equally important to have strong sponsorship to satisfy our investors and capital sources. We will, on a case by case basis, make introductions to developers with the experience and balance sheet necessary to fund and ultimately develop a project. Once a successful joint venture is formed, based on our introduction, we become participants in the project.

BCF is engaged to provide development advisory services for the purposes of:

•  Assessing current project status
•  Evaluating potential project challenges
•  Recommending best practices required for project enhancement
•  Generating material for various development and exit strategies
•  Advising and assisting with the capitalization and final execution of a
    development plan
•  We conduct our advisory services in projects with a phased
    approach; Phase 1 is assessment and Phase 2 is execution, both of
    which are described below.

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Phase 1: Comprehensive Assessment and Review
BCF will visit the market/project in conjunction with strategic partners and conduct its assessment and due diligence to determine the project’s viability for phase 1 completion. Our initial assessment of the project will be completed in 30 days and a written report will be published for your records. We will gather all materials and information necessary to conduct the assessment during the site visit. A scheduled meeting with the principals will allow all parties to determine if an effective working relationship can be established. When a client has determined that they want to proceed with our services and have executed accordingly, BCF will proceed with the Phase 2 process.

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Phase 2: Project Recommendations
Once Phase 1 has been completed, we will propose specific recommendations and present the costs associated with agreed tasks, for completion. Our recommendations will identify development challenges associated with the project and provide the solutions to eliminate possible delays.

During Phase 2, we will draft a deliverables list, with corresponding timelines, and required budget to ensure that appropriate expectations exist between all parties. The following execution points and core disciplines will be employed for the duration of the engagement period (typically 3-6 months).

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Bridge Loan for Land Development
Bridge financing involves a short-term interim loan, and is commonly used in land development project funding for the following.

Bridge financing can also be utilized to begin a construction project before the closing of the construction loan. If you're considering bridge financing call us Toll Free (888) 900-0035 and one our professionals will provide a solution.

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Real Estate Development Financing
The success of any commercial development is preparation and more preparation!  One of our missions is to improve the plan and add value to the project.  Potential clients and their projects are put through a rigorous screening process, which affords us the luxury to work exclusively with committed individuals and firms who understand our value in the process. BCF's in-depth knowledge of capital markets sets us apart from the competition. We provide a realistic advisory approach to evaluating existing resources and capital needs. In 2004 and 2005, we facilitated and placed over $500 million of equity and mezzanine structured capital, on a wide variety of real estate development projects throughout the United States including the following:

Debt for Equity:

•  Residential Land Development and Master-Planned Communities
•  Golf Course Communities
•  Mixed Use Development Projects
•  Residential Subdivision Developments
•  Resort Communities

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Preliminary Information for Land Properties:

•  Executive Summary
•  Statement of Existing Debt Structure, Sources and Uses of Funds,
    and Exit Strategy
•  Year Purchased and Purchase Price
•  Cost Breakdown & Time Schedule for Entitlements/Infrastructure
    to be completed
•  Financial Projections/Proforma Operating Statement
•  Copy of Sales Contract
•  Most Recent MAI Appraisal Report
•  Permits
•  Zoning Report
•  Environmental Report
•  Color Photographs of Property-Aerial – Digital Photos Preferred
•  Borrowers/Principals, Resume & Experience
•  Borrowers/Principals Personal Financial Statement
•  All Market/Feasibility Studies

NOTE: BLUE CROWN FUNDING DOES NOT GUARANTEE, PROMISE, OR WARRANT THAT IT WILL FINANCE OR FUND OR ARRANGE FINANCING FOR PROSPECTIVE BORROWERS OR CLIENTS FOR SIMILAR PROJECTS REFERRED TO ABOVE ON THE SAME OR SIMILAR TERMS. ARRANGEMENT OF FINANCING IS SUBJECT TO MANY VARIABLES UNIQUE AND SPECIFIC TO THE PARTICULAR TRANSACTION AND MANY FACTORS BEYOND ITS CONTROL, INCLUDING, BUT NOT LIMITED TO, GENERAL FINANCING MARKET CONDITIONS AT THE RELEVANT TIMES. ADDITIONALLY, FINANCING WILL DEPEND ON THE FINANCIAL STRENGTH AND CREDIT HISTORY OF THE BORROWER, THIRD PARTY REPORTS, DUE DILIGENCE INVESTIGATIONS, APPLICABLE PERMITS, NECESSARY GUARANTEES AND/OR BANK INSTRUMENTS.

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