Real Estate

HLB Gross Collins offers core services to enhance the success of real estate development firms and help them expand and develop their markets during challenging economic conditions. We can provide financial statements of any level as required, whether the company needs audited, reviewed or compiled statements. Our financial statements are designed to strengthen the company’s position within the financial community and with investors. Our tax department helps developers establish sound tax strategies and assists with all tax filing requirements.

We have developed applications, customized reports, and standardized on-site and administrative operating procedures specifically geared to maximize profit and mitigate risk.

Our consulting services focus on a variety of areas including:

• Establishing industry “best practices” in all phases of business operations
• Determining “site suitability” based on financial parameters
• Building the project proforma for investor/lender use
• Bank loan packaging
• Maintaining job cost control through the use of industry-standard job cost accounts, purchase order systems and AIA contract maintenance
• Project scheduling for maximizing utilization of acquisition and development loans and construction lines of credit
• Set up of bank draw requests forms for both actual cost and percentage of completion against schedule of values methods depending on lender requirements
• Report preparation and evaluation for budget to actual by building and unit (for multi-family), profitability by unit and style of unit, inventory of speculative versus sold units, estimated versus actual days to completion and sale, cash flow projections through completion and closing
• Recording and maintaining sub-contractor retainage schedules