Just as there’s only disappointment in viewing a house you can’t afford, there’s no reason to start considering facility options until a budget can be determined. Working together as partners, we’ll ensure the facility fits within the school’s budget parameters, accounting for growth in both students and revenue. Together, we create a conceptual budget to start this process based on the school’s financial budget.
AGREE TO TERMS
We are a pure facility developer. We do not have a contracting affiliate or other source of risk return from a project. We clearly state our terms related to Developer Fee, Lease Rates, and the Takeout Premium with no hidden costs or fees. This will be established initially by a Letter of Intent, followed by a formal Lease Agreement. Our goal is to provide the best value possible for the school, period.
ESTABLISH THE PARTNERSHIP
Since we work with our school partners together, it is our intention to provide our expertise, experience, and financial strength to complement the school’s academic and operational knowledge. Throughout the entire process we will share information, knowledge, and input. Our Lease Agreement will be our commitment to work together for the best possible outcome through the process.
ORGANIZE THE TEAM
This process will be a team effort. Though we have relationships with both national and regional contractors and service providers, many times it is beneficial for the school to work with qualified local firms. Since our goal is value, this may include the use of local team members who can provide special benefits through local relationships
PATH TO OWNERSHIP
Our goal is for the school to enjoy financial control of the facility as soon as possible. Through our relationships with many national permanent lending providers and long-term lease providers, we can work with the school to know the best time to apply for its own facility financing. The school should take advantage of stability in revenue and enrollment, with a solid balance sheet, to earn the best possible terms and rate when the time comes to migrate to a permanent debt facility.