Chief Development Officer
- Posted: over a month ago
Franklin Companies is a fully integrated firm that provides the essential elements of development, construction, and management in a comprehensive and efficient fashion for its partners and stakeholders. Franklin Companies succeeds at creating value for its investors while at the same time improving the quality of life of its residents.
We are looking for a experienced development executive to join our team as Chief Development Officer.
This role will be oversee our development team and be responsible for all aspects of the development process (pre-development, development, closing, post-closing, and any asset management activities post-closing).
The ideal candidate will have a Bachelors Degree in Real Estate, Business Administration, Finance, or related field and a minimum of ten (10) years of experience in LITCH Real Estate Development, including a minimum of five (5) years leading a development team. Must possess experience in multi-family real estate development and all related financing programs including Low Income Housing Tax credits; Tax-Exempt Bonds; and FHA loan programs. An equivalent combination of education and experience may be considered. Possession of valid drivers license and able to be meet company driving standards.
Interested candidates are to submit a resume with telephone and email contact information.
This role is not eligible for outside recruiters. Franklin does not accept unsolicited resumes from executive recruiters or placement agencies.
Franklin Companies is an EOE.
Finding and Analyzing sites
- Land Contracts
Stakeholder Coordination/approval (Equity, Construction, Management, etc.)
Report to Credit Committee
Site Due Diligence
- Site planning
- Impact Fees/Engineering
- Site specific issues
TDHCA process (Site, Application, Underwriting)
- Community meetings
- Housing Authority interaction/relationship
- Pre-Application process
- Government support
- Full Application process
- Soft Debt commitment
Establish Schedule and critical dates
Lead Development team in weekly progress meetings
City coordination / Entitlements
Negotiate Term Sheets
Bank/Investor/Stakeholder Due Diligence/Approval
Equity Installments and due diligence
Execute Partnership requirements (TDHCA or other)
Bank Reporting/ HUD Reporting/TDHCA reporting
Asset Management/Post Completion
Monitor Property performance when applicable/Management coordination
Refinancing negotiation and due diligence
Manage Development Team
Interaction with Trade organizations (TAAHP, NIC, etc.)
AddressSan Antonio, TX
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