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What we
do . . .
We work
closely with highly qualified civil engineers, land
surveyors, government planning departments, financial
institutions, and title companies during the entire
document preparation process. This ensures that our
clients receive the most accurate and comprehensive
service available.
As consultants, we work with property owners, investors
and asset managers in facilitating the local and state
entitlement process, to complete a condo conversion.
We also assist investors
and developers with locating, developing and marketing
their condo conversion projects.
Our purpose is
to provide our expertise to both types of clients, which
leads to less financial and legal risk and ultimately
increases the value of the asset.
Condo conversion is a complex and technical process. It
requires city, county and Department of Real Estate
approval. It take between 8 to 16 months, to secure the
required approvals, depending upon the city, county, and
state.
However, it can be done in most cases in less than 12
months.
It is not a "do it yourself" process.
It involves a team of engineers, architects, contractors
and legal experts, experienced in the condo conversion
process, to do it right. If you have an existing Tentative
Condo Map or and expired public report, it takes about 6
to 8 months to get the final public report.
Each municipality has its own set of requirements for
condo conversion, which will vary the cost to convert a
property. Each condo conversion is done according to
specific city/county/state codes.
The
mechanics of converting apartment units to condos have
become some what standardized, but still require a
professional, experienced team to address each facet of
the conversion such as:
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Finding, retaining and coordinating qualified
support personnel needed for the conversion:
attorney, accountant, architect, engineer,
contractor, etc. |
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Securing proposals for legal, engineering,
financing, HOA budget and set-up for the conversion.
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Ensuring that the conversion conforms to all
applicable state and/or local laws, rules or
regulations concerning condo conversion.
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Assist with locating suitable financing for the
project: rehab and bridge loans for the project and
end-loans for your unit buyers. |
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