Chief Development Officer

Franklin Companies

Chief Development Officer

San Antonio, TX
Full Time
Paid
  • Responsibilities

    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).

    Qualifications/Education:

    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.

    Pre-Development

    Finding and Analyzing sites

    • Land Contracts
    • Demand
    • Comps/Rents

    Stakeholder Coordination/approval (Equity, Construction, Management, etc.)

    Report to Credit Committee

    Site Due Diligence

    • Zoning
    • Site planning
    • Entitlements
    • 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

    Development Process

    Establish Schedule and critical dates

    Lead Development team in weekly progress meetings

    City coordination / Entitlements

    Closing Process

    Negotiate Term Sheets

    Bank/Investor/Stakeholder Due Diligence/Approval

    Document Negotiation

    Closing

    Post Closing

    Investor Relations

    Loan Conversions

    Equity Installments and due diligence

    Execute Partnership requirements (TDHCA or other)

    Investor Reporting/communication

    Bank Reporting/ HUD Reporting/TDHCA reporting

    Asset Management/Post Completion

    Monitor Property performance when applicable/Management coordination

    Refinancing negotiation and due diligence

    General

    Manage Development Team

    Repositioning Opportunities

    Interaction with Trade organizations (TAAHP, NIC, etc.)

    Investor Relations/communication

    Lender Relations/communication