Chief Development Officer

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