Applying the financial analysis, underwriting, and deal-structuring skills learned in BB&T’s Capacity Building Program to the real world is not an automatic process. Many CDCs initially lack the expertise needed to analyze and provide feedback to potential lenders or to underwrite and successfully structure financing packages. Recognizing this need, BB&T has further increased its support of CDCs by providing on-site technical assistance through BB&T’s partnership with private consultant experts, NDC, and Duke Law School - Community Enterprise Clinic.
Reinforcing all that has been learned in the classroom, the hands-on, project-based technical assistance strengthens a CDC’s capacity. The service bridges the gap between instruction and application, helping turn ideas and dreams into solid realities. With this service, many CDCs have become skilled in a wide array of practices in the areas of pre-development, financing, construction, and management.
This service is available to BB&T-approved CDCs, with pending projects, which have completed or are enrolled in BB&T’s Capacity Building Program.
Pre-Development:
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Forming project plans
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Analyzing project budget to identify cost-saving opportunities
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Identifying understated project costs to prevent overruns
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Recommending modifications to the budget, financial structure and terms of the financial commitment to enhance project viability
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Developing the financial package for submission to BB&T and public sources of funding for financing
Financing:
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Negotiating with BB&T and public sources of funding to achieve the desired structure
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Confirming financial commitments from lenders and investors
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Reviewing terms and conditions of lenders and investors
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Finding equity investors to purchase tax credits or become partners in ownership
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servicing loans
Construction:
Management:
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