Maximizing Post Recession Real Estate Deals

Tim Crawford, Project Executive >Charlotte & Carolinas focused >Houston & Texas focused

Ne w Projects Wor kouts Fu nding Placement

Resurgent Ventures >More than Housing Know-How

Be it horizontal development or vertical

building, Resurgent Ventures is a long

established housing expert that has been

able to successfully transfer its vast entre-

preneurial experiences into this post reces-

sion world. We are not a consulting firm, we

are specific deal executives who work inde-

pendently for each special project assign-

ment we undertake. Do you have an Urban

Need? Check. Suburban Need? We got

that too.

>Single-Family & Multi-Family

>Land/Lots/Pads/Subdivisions

>HOAs/MUDs & More

>Development/Construction

F U N D I N G P L A C E M E N T

R E L A T I O N S H I P S , N E W

A N D O L D

You hear it all the time on the talking-head financial

shows: “money is loosening up.” The trickle is hard to

hear unless you are one of the ones receiving the funds.

Truly, there are signs of a thaw in housing demand. The

problem is that the funding sources are following the

other funding sources and most are investing in the

same places. The herd is following the herd. The good

news is that parts of the housing industry are where the

herd is running. We are finding that some of our old

sources are coming back and we are finding some new

sources as well. We utilize the assetvillage.com com-

munity to assist with our funding placement efforts

when we hit a roadblock.

W H A T I S A P R O J E C T E X -

E C U T I V E

We have been founders and company owners, deal-

makers and senior project managers. We know what it

is like to make a payroll, we know what it is like to take

work home with you, and we know what it is like to

make the hard decisions. When we invest our time in a

project we invest all of our energies and we deliver for

the projects we are engaged to work on. We are part-

ner level problem solvers who perform what we like to

call “DEAL DISENTANGLEMENT.” Deal disentangle-

ment is often arduous work, but most importantly it is

intuition born out of experience. It is understanding the

politics of deals and relationships. It is a fullback’s role

opening up holes to the end-zone. It is Tim Crawford

and other Project Executives like him.

Our Project Executive Emphasis

N E W P R O J E C T S F R O M D I S -

T R E S S E D A S S E T S

An experienced apartment developer sees a new niche form-

ing in this current economic environment and wants to launch

a new project. A home builder wants to expand into a local

market that is actually selling new homes at a pace that ex-

ceeds starts. How do these housing firms get their respective

projects off the ground? We all know new projects are ex-

tremely tough to start in this new environment, but some are

finding ways to get them underway. Distressed land and lot

owners, be they banks or developers, are desperate to get new

starts. Construction prices are low. Money markets are thaw-

ing and housing was widely acknowledged as the first in to the

recessionary fall and that it will be the first coming out. Resur-

gent Ventures is ready to help with new projects in this brave

new world.

W O R K O U T E X P E R I E N C E D

In some ways, we have been working out projects since the

beginning of our careers. There are always workout moments

in development projects in spite of how successful those pro-

jects ultimately are in the end. Workout is what developers do

nearly every day on every project, often all at the same time.

Yet, specific experience working out distressed, even seem-

ingly dead, deals in this current economic might be considered

another world by some and we have experience in that world

too.

Resurgent Ventures

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F U N D I N G P L A C E M E N T

R E L A T I O N S H I P S , N E W

A N D O L D

While assetvillage.com is on a hiatus developing

new dynamic software, Tim, as the founding mem-

ber, maintains old relationships while adding new

contacts through blogging and funding source

networking at assetvillage.wordpress.com. Be-

sides these activities, Tim constantly pursues new

fund source relationships to meet project funding

needs.

N E W P R O J E C T S F R O M

D I S T R E S S E D A S S E T S

When Tim starting working on this North Carolina

MPC project sales velocities were low and the

large land development

project suffered from

over-excessive vision.

Sometimes re-habbing

projects takes simplistic

vision and lack of emo-

tions from a new party.

Tim started this urban infill

project from scratch after

the previous developer had

failed twice in a marginal

location. With a new vision,

new entitlements and a

significant presales pro-

gram, a successful project was launched and

concluded where others had failed before him.

Example of Tim Crawford’s Experiences

W O R K O U T E X P E R I E N C E S

An investor who bought a note from a secondary note

holder engaged Tim to create and execute a disposition

plan for a three building property. The plan was simple

in theory: That the primary lender was to be taken-out

as quickly as possible with funds from unit product

sales. This loan payoff would allow the new second

note holder to eventually reap a significant return es-

sentially doubling his money hopefully in less than 12

months. There were very significant hurdles to the plan

including extreme HOA problems such as insolvency,

building repair and maintenance issues, home-owner

and HOA lawsuit threats, lack of mortgage regulatory

approvals, etc. At the time of this writing, the problems

are either solved or under control and the financial plan

is on track to the delight of the investor. Please ask for

a reference related to this project.

Resurgent Ventures

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A S S O C I A T I O N S

Charlotte & Houston Chapters

50+ Housing Council

LEED—Green Associate

—in process

College of Architecture—

Development Advisory Council

H O U S I N G A R E A S O F E X -

P E R T I S E

>Founded/Ran $50mln per year development & con-

struction company

>Multi-Family

>>Urban/Suburban Locations

>>New Apartments

>>Purchased Apartments

>>For Sale Townhomes/Condos

>Single-Family

>>Subdivisions

>>Including Active Adult Communities

>Master Planned Communities

>Lake/Second-Home Properties

>Brownfields/Environmental Problems

>Entitlements/HOA Establishment

>Market Analysis/Planning

>Engineering/Pre-Construction

>Marketing/Sales/Closing Support

>Construction/Warranty

>Post Construction/HOA Turnover

Other Things You Should Know

E M P H A S I S M A R K E T S

Resurgent Ventures is primarily focused on markets in Char-

lotte and North Carolina, as well as Houston and Texas. With

deep roots and contacts in both places—areas that are consid-

ered highly attractive markets coming out of the recession—

Resurgent Ventures is ready to partner with banks, REITs,

capital groups and funds, developers, new property owners,

and others.

Resurgent Ventures

Contact Tim Crawford, Project Executive

www.resurgent-ventures.com

Carolinas Phone: 704-451-2216

Texas Phone: 281-210-7768

tim@resurgent-ventures.com

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