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The development company focuses on land acquisition, development, multi-family rental housing, townhomes, condominiums, single-family subdivisions, light commercial buildings, and planned unit developments. It also acquires and rehabilitates existing properties and develops various projects for third-party owners.
Pendergraph Development will ensure that the finished product is well located, efficiently financed, soundly built, constructed on budget and on time, and aesthetically pleasing when it is completed. Our developments are effectively and efficiently planned on the front end, and aggressively managed through completion.
Financing
We have extensive experience in various types of real estate financing mechanisms. Housing development has become increasingly competitive and economically challenging and our team is able to explore a myriad of financing programs to make your developments more economically sound including low-income housing tax credits, tax-exempt bonds, historic tax credits, FHA Insurance, USDA Rural Development funds, conventional financing and the AHP, HOME and CDBG programs and conventional financing. We routinely package applications for these types of financing sources on virtually every development in which we are involved. Our team is fully aware of financing challenges and has always been successful in making all the funding sources fit together. We also work with the very complex RD Bond Portfolio Transfers which is another example of how we are thinking towards the future in new and innovative ways.
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