|
For companies seeking the
transaction support from retirement housing
consultants, Rainmaker Marketing
Corporation offers a comprehensive array of consulting services bridging the
entire spectrum. Most retirement housing consultants focus on operations
or development or reporting systems. Rainmaker initially focuses on the
capital funding cycle because without the necessary capital funding, all the
other plans, initiatives and goals will never move beyond the conceptual stage
of development. Rainmaker
Marketing Corporation provides the following senior housing consulting services:
Rainmaker's approach is to first
undertake the market feasibility study and complete the entitlements review
pertaining to local, state and federal incentives and direct assistance.
In addition to the Low-Income Housing Tax Credit program, some senior housing
facilities can be programmed to take advantage of private activity bonds
financing. Some projects will qualify for the bonus depreciation expense
allowance, while others may qualify for the historical preservation tax
credit. In many areas, the project may qualify for financing pursuant to a
Tax Increment Financing Plan ("TIF Plan"). The sum total of
these statutory entitlements is to allow the consultant to create a structured
finance solution for the benefit of the client's project. This means there
will likely be multiple layers of financing in order to create the ultimate
level of financial investment leverage and investment risk management for the
benefit of the senior housing developer (or owner/operator as the case may be). The
outflow of the market feasibility study is then used to create the financial
feasibility study, business plan of operations, strategic business plan and the
proposed capital funding plan of the project. This leads us to a
discussion of the management support that Rainmaker can provide for the nascent
developer. Rainmaker does not
provide development management services for projects. Rainmaker provides
consulting support for the client and project but Rainmaker will not play the
role of project developer. Rainmaker can provide all of the services a
developer typically provides, but does this from the position of being a
consultant supporting the project (and client) at each stage and providing the
all-important "what's next" consulting viewpoint on the entirety of
the project development program. Those tasks the developer can be
reasonably expected to manage will be managed by the client because - quite
often - the development management fee income stream must, by and large, revert
to the developer as a source of interim working capital for the developer's
benefit while the project is being developed and constructed.
|
