Crede has the resources and experience necessary to step into a project at any point in its development, and we are capable of changing course as necessary to maximize asset value and/or facilitate quick execution. In addition to performing as a third party service provider, we also partner with our clients on certain development opportunities or investment funds as the deal sponsor or as part of our compensation to further align our interests with the investor.

Crede is integrally involved in every phase of the construction process through our hands-on management style. We understand construction from both the owner and contractor perspectives, allowing us to anticipate and solve problems before they impact the schedule and cost of a project. We recognize that the effective management of time, expenses and changes is critical to the success of a project. We are also able to leverage our experience as operators to ensure the physical use of space aligns with the owner’s long-term business plan. This skillset also enables us to evaluate work done to date and adjust accordingly based on the business plan.

Ground-up Projects AND Small TI/Rehabilitation/Repositioning Work

  • Pre-construction project feasibility evaluation
  • Long-range planning and entitlements
  • Due diligence support and analysis
  • Cost estimates, budgeting and reporting
  • Design development and project approval
  • Value engineering
  • Ongoing contract oversight and compliance
  • Construction and project management
  • Disposition support

Distressed Asset Services

Crede provides a single-source solution for lenders who need to complete, work out or dispose of their REO assets. Whether the property simply needs effective and efficient management, minor or moderate rehabilitation/repositioning or the completion of significant ground-up development, our team is able to step in at any point.

The combination of Crede’s development and asset/property management teams enables us to readily establish and execute a disposition plan that maximizes the project value and limits our clients’ liabilities. Our engagement also provides lenders and servicers with a single point of contact throughout the process and eliminates duplication of fees.

  • Scenario Analysis and Development of Disposition Plan
  • Market Analysis
  • Budgeting and Reforecasting, including CapEx Requirements and Operating Budget
  • Development Services: Construction and Project Management [see below]
  • Property & Asset Management [see below]
  • Accounting and Financial Reporting
  • Site Inspections
  • Obtain and Maintain Insurance as Required in the Loan Documents
  • Maintain Current Property Taxes
  • Evaluation of Existing Vendor Contracts for Potential Expense Savings
  • Engagement of Third Party Vendors/Consultants for Operating and Construction Needs
  • Broker Engagement and Coordination (Leasing and Disposition)
  • Monitoring and Support of Marketing Efforts
  • Provide Functional and Administrative Support During Disposition Process
In certain cases, Crede is also willing to be a capital partner in the repositioning or rehabilitation of assets.

LIFE CYCLE OF AN ASSET

With you every step of the way

  • Location Sourcing
  • Underwriting
  • Due Diligence
  • B-Plan Development (scope and budget)
  • LOI Negotiation
  • Lender Relations & Debt Placement Support
  • Closing Assistance
  • Schematic design for marketing purposes
  • Project Design Schedule
  • Preliminary Contractor Budget
  • City Planning Department meetings and submission to Planning Commission
  • Interview and identify project brokerage team
  • Design Development, including incorporation of conditions of approval
  • Coordination with subcontractors to confirm projected budget conforms to final design
  • Preparation of vendor RFPs, including architect and GC
  • Coordination with the GC to establish project budget
  • Construction Management
  • Manage the project design to maintain underwritten budget
  • Value Engineer where necessary
  • Audit drawings & configurations
  • Preparation & submission of loan draws to lender(s)

Let’s talk about the life cycle of your project.