We assist in the preparation of documents to properly describe mandatory membership arrangements, assure lien priority and other matters. Over the years, CRSG has developed a matrix that reflects the optimal size and type of the facilities and the per-unit cost in relation to the type of community and price structure for the homes. For example, a $40 to $50 a month facility fee will typically support the construction of $3-4 million worth of facilities in a 700-unit age-restricted community.

With more than a decade of experience, CRSG has financed projects in multiple states totaling approximately $100 million. Our financial experts consult and work with developers of residential projects at the outset in order to establish an appropriate residential facility fee that will serve as the basis for financing the cost of the facilities and infrastructure.

From a financial standpoint, CRSG provides all of the funding for the facilities or infrastructure, thus eliminating the need of the developer or association to use its own resources. The developer provides a build-out schedule and a commitment to fund the per unit facility fee if the actual closed units are fewer than expected. All operating budgets are approved by the developer, and a return to the developer of the operating costs it has funded can be structured into the transaction.

CRSG can provide turn-key management of the facilities and the homeowners association so that the role of the developer with the residents is diminished. Since the developer’s presence is temporary, the great benefit of CRSG is realized when the development is completed and control is transitioned to the community.