A Roadmap to Success
When it comes to creating landmark properties and delivering EXCELLENCE to our clients, we take a big picture approach – beginning with comprehensive development solutions that lay the groundwork for success and forge a clear path forward. Our development services guide clients through the entire process, from concept to completion. From cost containment and financing to feasibility studies and permitting, Hensel Phelps offers a cohesive, turnkey delivery method for the planning and execution of each project. Our comprehensive development services include:
- Project feasibility
- Pro forma modeling & analysis
- Project entitlement
- Programming and design
- Procurement of project financing
- Owner/tenant move-in
We identify potential roadblocks before they happen and foster smooth transitions from development through construction, allowing our clients to work with a single point of contact throughout the entire life of their project. Hensel Phelps also enjoys close relationships with various developers, and creates a seamless transition for both internally and externally-developed projects. Hensel Phelps offers expertise and assistance with the following development areas:
Project Financing – Support from the Start
Hensel Phelps’ Development Group has closed more than $2 billion in financing deals. Our financing sources include conventional bank construction loans, EB-5 financing, municipality TIFs and subsidies, tax exempt municipal bond financing, permanent real estate loans, and a variety of institutional and hospitality REITs, state grants, private equity, mezzanine loans, internal financing, and private investors. In each case, Hensel Phelps provides a completion guaranty for delivery of the project by a fixed date for a guaranteed price, which is required to close the financing in timely manner.
The Hensel Phelps Development team works with several financing partners that offer a variety of debt structures, including syndications, participation loans, interest rate swaps and caps and multi-lender credit facilities.
Public Private Partnerships – Building Better Together
Hensel Phelps has delivered projects under public-private partnerships for more than 20 years. Our team has developed the knowledge and ability to deliver these projects through public-private partnerships driven by public-sector demand. With our ability to structure private development and drive true P3 opportunities, Hensel Phelps brings proven value to projects at all levels. From financing to construction to maintaining properties, Hensel Phelps understands the full dynamics of P3 delivery.
Project Management/Owner’s Representation
The Hensel Phelps Development team provides clients with full service Project Management and Owner’s Representation through all phases of development – from program and design management to owner/tenant move-in to project stabilization. Our team has represented both public and private clients, helping to align team expectations and deliver successful project outcomes.