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Development
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Paramount offers development services on a full
service, carte-blanche, fee or participation basis. The minimum
fee for consulting and advisory is $300 per hour for the Developer
with a minimum contract fee of $10,000. This value added service
is recovered by the client many times through the value engineering
and coordination provided by the developer.
From History We Have Learned...
Since 1975, Roland Stewart III, Paramount's CEO,
has managed and is affiliated with many real estate partnerships,
corporations, and joint ventures. He led organizations through
the treacherous early 1970's and mid 1980's.
Paramount's developments are well controlled
with greater returns and minimal risk. Staying power and sound
financial policies are the strategies for success in real estate
in the new millennium.
We concentrate on well-managed developments, providing complete hands-on management, using an in-house respect of private placement money from a select clientele. Developments are leveraged as minimal as possible with institutional lenders. From our long-term experience real estate enterprise
is a cyclical industry. In the midst of an ever-changing world
market that opens new opportunities as well as new challenges, the
firm will continue to seek and embark upon new ventures where it
has significant competitive advantages.
Paramount's adherence to a strong working philosophy
will remain the same to ensure value to its customers, investors,
and lenders, providing the highest quality working environment for
its partners and employees.
Because of the concentrated focus and the dedication
of the management team, Paramount is destined to consistently perform
beyond the expectations of its partners and investors.
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DETERMINE DEVELOPMENT CONCEPT
Site Selection Activity:
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If Zoning Is
Required:
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| Contract For The Property | |||||||||||||
| Advance Earnest Money | |||||||||||||
| Complete Title Search | |||||||||||||
| Put Up Earnest Money Deposit | |||||||||||||
| Select List Of Potential Team Players | |||||||||||||
| Interview And Contract With Team Players | |||||||||||||
| Complete Survey | |||||||||||||
| Complete Topographic Survey | |||||||||||||
| Complete Soils Test | |||||||||||||
Order/ Review Project
Studies:
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| Review DOT Requirements | |||||||||||||
| Determine Proceed/ Quit Decision |
| Draft Prelim. Development & Operating Pro-formas | |||||||||||
| Put Together Lender Package | |||||||||||
| Obtain Preliminary Lender Financing Interest | |||||||||||
| Put Together Investor Package | |||||||||||
| Obtain And Review Appraisal | |||||||||||
| Determine Lender And Obtain Loan Commitment | |||||||||||
| Put Up Lender Commitment Fee | |||||||||||
If Pre- Sale/ Leasing
Required
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| Complete Working Drawings And Specifications | |||||||||||
| Price Out And Review Construction Costs | |||||||||||
| Complete Value Engineering | |||||||||||
| Make Final General Contractor Selection | |||||||||||
| Finalize Development & Operating pro-formas | |||||||||||
| Make "Go" or "No Go" Decision | |||||||||||
| If "No Go" Request earnest Money Deposit | |||||||||||
| Set Up Ownership Entity | |||||||||||
| Order Tax I.D. Number | |||||||||||
| Set up Bank Accounts | |||||||||||
| Review All Loan Documents | |||||||||||
| Close Property/ Loan | |||||||||||
| Set Up Development Files |
Construction Activities
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| Establish Accounting Controls | |
| Establish Management Policies | |
| Establish Maintenance Policies | |
| Prepare Yearly Operating Budgets | |
| Prepare Yearly Capital Expenditure Budgets | |
| Prepare Yearly Tax Returns |
| Implement Marketing Plan | |
| Obtain, Review, And Sign Leases |
| Design And Review Tenant Space | |
| Cost Out T.I. | |
| Build-Out Space | |
| Punch-List | |
| Obtain Certificate Of Occupancy | |
| Move-In Tenant | |
| Collect Tenant Charges |
| Determine Asking price | |
| Determine If Broker Used | |
| Interview & Select Broker | |
| Prepare List Of Potential Purchasers | |
| Collect Purchase Offers | |
| Negotiate Offers | |
| Review Tax Ramifications | |
| Contract For property | |
| Close Property | |
| If
Required Collect Mortgage Payments |
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PARAMOUNT
INVESTMENTS
3030 Matlock Road, Suite 103 Arlington, TX 76015 Phone 817 - 419 - 8000 Fax: 817 - 375 - 5499 E-mail: info@paramountinv.com Home | Service | Contact Us | Investor Relations | For Sale or Lease | Investment Opportunities |
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