Chief Development Officer

Company: Franklin Park Senior Living
Location: San Antonio
Posted on: November 13, 2024

Job Description:

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 an experienced development executive to join our team as Chief Development Officer.This role will 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).Qualifications/Education:The ideal candidate will have a Bachelor's Degree in Real Estate, Business Administration, Finance, or a 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 a valid driver's license and able to 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.ResponsibilitiesPre-Development

• Finding and Analyzing sites
• Land Contracts
• Demand
• Comps/RentsStakeholder Coordination/approval (Equity, Construction, Management, etc.)Report to Credit CommitteeSite Due Diligence
  • Zoning
  • Site planning
  • Entitlements
  • Impact Fees/Engineering
  • Site specific issuesTDHCA process (Site, Application, Underwriting)
    • Community meetings
    • Housing Authority interaction/relationship
    • Pre-Application process
    • Government support
    • Full Application process
    • Soft Debt commitmentDevelopment ProcessEstablish Schedule and critical datesLead Development team in weekly progress meetingsCity coordination / EntitlementsClosing ProcessNegotiate Term SheetsBank/Investor/Stakeholder Due Diligence/ApprovalDocument NegotiationClosingPost ClosingInvestor RelationsLoan ConversionsEquity Installments and due diligenceExecute Partnership requirements (TDHCA or other)Investor Reporting/communicationBank Reporting/HUD Reporting/TDHCA reportingAsset Management/Post CompletionMonitor Property performance when applicable/Management coordinationRefinancing negotiation and due diligenceGeneralManage Development TeamRepositioning OpportunitiesInteraction with Trade organizations (TAAHP, NIC, etc.)Investor Relations/communicationLender Relations/communication
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Keywords: Franklin Park Senior Living, Cedar Park , Chief Development Officer, Executive , San Antonio, Texas