Build capacity. Find solutions.
Full range of real estate consulting services
Choose your path. Do you need capacity to manage multiple real estate development projects? Are you launching a new area of development such as market rate or affordable housing? Are you an upstart or BIPOC developer seeking guidance?
Your path can start here at Mahoney Development Services, LLC (MDS).
Our services include:
- Initial screening: analysis of Qualified Allocation Plans and RFPs for scoring criteria and project feasibility; assistance with purchase agreement negotiations; analysis of historical financials for existing properties; analysis of projected construction costs.
- Initial pro forma development and financial feasibility: assistance in developing operating and development pro forma, including identification of likely project sources and uses including developer fee and subsidy amounts and sources; summarize available debt options (agency debt, conventional loans, bridge loans, etc.); development of project schedule and key milestones.
- Project launch: assistance in engaging with prospective funders for refinement to project program; assistance with development team identification and engagement; preparation of financing applications (tax credit applications, tax exempt bond applications, Section 8 renewals and assignments, etc.).
- Financing award to closing: facilitate debt/equity term sheet solicitation and assist in negotiation; managing pre-closing due diligence checklists for lenders and investors; closing draw preparation for client approval; preparation of housing tax credit carryover application.
- Construction administration and project closing: preparation of monthly construction draws for client approval; preparation of housing tax credit 8609 application; completion of lender close-out requirements and equity installment requests.
In addition, you can select the experienced team at Mahoney CPAs and Advisors to support tax planning, identify eligible tax credits (e.g. LIHTC, NMTC, HTC, state credits, etc.), handle accounting and financial reporting or provide assurance and audit services. Engage both companies to deliver seamless business solutions.