Frequent Problems Real Estate Developers, Investors and Lenders Face:

• Inadequate project analyses produced internally by inexperienced or overworked staff
• Project analyses produced by prior developer are unavailable or unreliable
• Project analyses produced by sellers or prospective purchasers misstate future returns
• Development projects are suddenly subject to alleged or previously unknown governmental restrictions
• Need help in structuring effective land sales transactions to maximize sale proceeds

Tom Sakai, its principal, is among the most experienced land development finance professionals with over 30 years working on major land developments in California and in other states:

• Over 20 years direct experience working for land developers and homebuilders
• 12 Years as Senior Vice President - Finance for the land development operations of The Irvine Company
• 11 years working for other major developers
• 11 additional years providing consulting services to major land developers and homebuilders

His experience includes:

• Preparation of project financial analyses for large and small developments ranging up to 15,000 homes, with mixed use (hotel, retail, office, golfcourse) components
• Formation or restructuring of Mello-Roos Community Facilities Districts (CFD), assessment districts, and other supplemental taxing districts
• Negotiating development impact fees and school district mitigation requirements
• Evaluating and negotiating land purchase and sales transactions
• Negotiating and determining impacts of affordable housing requirements

Following are areas which Springbrook Realty Advisors can include in its preparation of evaluations and financial analyses for your workout projects:

• Supervision of and coordination with market consultants to determine current and projected market pricing and impacts
• Evaluation of governmental conditions impacting the project
• Evaluation of cost estimates for completion of infrastructure
• Preparation or evaluation of builder proformas
• Home sales
• Lot sales
• Builder site work, house construction costs and other builder costs necessary to complete the project
• Negotiating formation or restructuring of CFDs, assessment districts, and other supplemental taxing districts and quantifying impact on project
• Quantifying tax rate impact to prospective homebuyers and impact on absorption
• Quantifying impact of any affordable housing requirements on project proforma
• Determining cash flow impacts to developers and homebuilders as well as to lenders/investors.
• Recommending deal structuring alternatives to maximize investor returns