Criteria for Our Partners

Knowledge and experience in asset class

• All CCM partners must exhibit thorough knowledge in the particulars of land development.
• Successful track record of previous projects both financially and operationally

Evaluation of financial strength

• Review of historical financials for partner 
• Principals must have sound knowledge and personal experience in the asset class being presented

Background and reference checks

• Review of management bios for all personnel of partner
• Sponsors and principals are subject to an extensive background check
• Reference check with past partners, vendors and employers

Project Criteria

Financial Review

• Full underwriting of project cashflows and projected returns
• Costs –Vendor bids, city fees, performance bonds etc.
• Revenues –Verification of sales assumptions via 3rd party resources
• Sensitivity analysis

Project Feasibility Review

• Conduct market study (internal or 3rd party) addressing supply, demand, product feasibility competition and local economic factors
• Solicit feedback from experienced local Realtors
• Risk mitigation –ID key risks and mitigation plan for each

Real Estate Review

• Review zoning, entitlements, approved plans and maps
• Review engineering plans and reports
• Review environmental study(ies) and wetland studies, if any

Conduct a Full Legal Review

• Purchase agreement.
• Loan agreements, if any
• Partnership agreement
• Development agreement with city
• Title search
• Standard representations and warranties about acting in good faith, full disclosure
• Limited principal guarantee and indemnities

* Each negotiated on a sponsor-by-sponsor and project-by-project basis