PHASE I

FEASIBILITY STUDY (2 WEEKS)

AN OVERALL ANALYSIS OF THE PROJECT IN QUESTION:

- WOULD THE GENERAL ZONING AND BUILDING REGULATIONS PERMIT IT
- PRESENT VS FUTURE VALUE AS IT COMPARES TO THE MARKET
- RETURN ON INVESTMENT
- FINANCING OPPORTUNITIES, BASED ON:

-- TYPE OF PROPERTY
-- DEBT
-- CREDIT
-- PROJECTED PROPERTY VALUE AND INCOME

IF THE PROJECT IS FOUND TO BE FEASABLE, THE PROJECT IS PRESENTED TO THE CLIENT

PHASE II

PROJECT PRESENTATION (1 DAY)

A PROFESSIONAL PRESENTATION WILL INCLUDE:

- PROPERTY VALUE PROJECTIONS WITH SUPPORTING MARKETING ANALYSIS AND MATERIALS
- A SUGGESTED MAXIMUM DOLLAR INVESTMENT
- A DESCRIPTION OF THE PROPERTY’S BEST USE AND BUILDING SUGESTIONS
- A PREDESIGN RENDER AND VISUAL IDEA OF THE PROJECT
- A PROJECT PROPOSAL:

-- GENERAL COST OF PROJECT
-- STEPS TO FOLLOW AND TIME FRAMES
-- SCHEDULE OF PAYMENT

PHASE III

PROJECT ACCEPTANCE (1 DAY)

- CONTRACT IS SIGNED

- DOWN PAYMENT TO FINISH THE PRELIMINARY DESIGNES, ARCHITECTURAL SKETCHES AND PLANS NEEDED TO PRESENT TO VILLAGE, CITY AND BANK IS COLLECTED. THIS SHOULD AMOUNT TO 20% OF THE TOTAL ARQHITECTURAL COST. (this money will be part of the total cost of the project and could be return to client once the bank starts releasing the construction loan money)

- ALL INFORMATION FOR FINANCING IS COLLECTED (if clients wants and needs the help) AND THE SEARCH FOR BEST BANK START.

- THE PROCESS OF MEETING FIRST WITH VILLAGE/ALDERMAN STARTS.

PHASE IV

VILLAGE / ALDERMAN APPROVAL (1-2 M0NTHS)

- WHILE WORKING ON THE FINANCING WE GO THROUGH FILLING THE REQUIREMENTS AND ATTENDING THE MEETINGS NECESSARY TO GET THE LETTER OF SUPPORT FROM VILLAGE/ALDERMAN

PHASE V

PERMIT PERIOD (2-3 MONTHS)

- AFTER VILLAGE OR ALDERMAN HAS APROVED THE PROJECT AND THE BANK HAS APPROVED THE LOAN THE DRAWS START

- THE FULL ARCHITECTURAL WORK AND DESIGN IS FINISHED AND PRESENTED FOR CITY CERTIFICATIONS, APPROVALS AND PERMITS