(January 25, 2018) – Commonwealth Development (CWD), a real estate development company focusing on adding value and bankrolling senior care projects, is seeking opportunities for ground-up development and financing of similar projects through a preferred equity program. The firm has put in place a robust and detailed plan that is cost efficient and woven around adding greater value to senior care projects, mezzanine and assisted living development works.
CWD and its management partner firms specialize in profitable real estate acquisitions and development, more specifically targeting retail ‘shadow-anchored’ projects and ‘mixed-use’ approaches. The strategy is ideal for large-scale projects, including healthcare real estate.
The preferred equity program chalked out by CWD comprises ground-up construction with $2MM to $20MM, and with 87% of equity. The plan includes strong sponsors and nation-wide top markets, with 12% preferred return. The after the return of capital will be split in a to be determined ratio between investor and sponsor. Programmatic equity is also available.
CWD assists sellers in various ways, which include fair price acquisition of land, easy joint ventures, safe raw land development, fee-based management, entitlement processes that maximize the value of raw land, and purchasing distressed projects and assets for re-development and creating opportunities. CWD also provides capital resources for acquiring assets, ground up development and re-development.
The project evaluation requirements at CWD comprise a project executive summary, sponsor bio, list of recent developments, photos and case studies if available, and a feasibility/market study that includes rental and sales components. Clients would also require a development model that includes a detailed budget, monthly cash flow from investment to disposition, and a disposition analysis.
“We are equipped with a strong and cost-efficient laid out plan to bankroll the development acquisition and of value-added Senior Care projects. In addition, our investors can provide a triple-net lease package in the 7.0% +/- interest only range that allows the properties bought from the operator or owner to be leased back to the operator,” said a spokesperson from CWD.
For more information, please visit:
Tim H. Safransky, Trustee
905 Tampa Road #2412
Oldsmar, FL 34677