	RAINMAKER MARKETING CORPORATION 281.537.1200

Condominium Conversion Loans, Lending & Investing...

The commercial lending market (and the condominium conversion loans market segment in particular) is expected to remain in stasis for the foreseeable future. Multifamily housing development loans (including condominium conversion loans, HUD, FHA, mezzanine, bridge, hard money condominium conversion loans) have fallen out of favor with most of the major commercial banks due to the sub-prime lending crisis that is still unfolding. Until the sub-prime crisis is resolved (meaning all losses are acknowledged, reported and funds recapitalized with additional equity contributions) these types of loans will be difficult to undertake and a condominium conversion loan will require a strong equity commitment on the part of the developer/sponsor. Rainmaker Marketing Corporation advises the borrower to allow for more processing time while the money hunt is being undertaken to find a fund (or other qualified institutional buyer) that is actively underwriting these condominium conversion loans within the borrowers geographical area. Think about using a condominium sales plan to help finance your project - whether it is housing or not.

The key players who will retain market presence include HUD (FHA/HUD - HUD has a specific title for the conversion of multifamily rental properties into condominium ownership), hedge funds and some of the higher-yielding bond funds. All of these will be in the market for loans greater than $5 million having a term of three (3) years or less.

Rainmaker can help you with the placement of the condo conversion loan and we can provide many of the due diligence services necessary for developing a package that will actually attract capital investment support. We offer a comprehensive list of supporting due diligence services including:

	Negotiations Services.
	Market Due Diligence.
	Financial Due Diligence.
	Business Planning.
	Structured Finance.

Rainmaker focuses on serving the following commercial real estate industry groups (including housing) on a national basis:

	Senior Housing
	Long-Term Care
	Health Care
	Hospitality
	Multifamily Housing
	Retail/Mixed-Use
	Master-Planned Communities

Do You Know The Secret?

When it comes to commercial real estate development finance, it doesn't matter whether you need to raise $5 million or $50 million, the out-of-pocket costs, advance fees and project due diligence costs will always require the same relative investment dollars the promoters have to fund. Do you know what that amount is? Do you know the Secret?

Rainmaker Marketing Corporation can trace its history back all the way to 1989. Incorporated in 1993, Rainmaker Marketing Corporation has evolved over time into a full-service business to business consulting firm. Rainmaker Marketing Corporation’s initial specialization was in issues and documentation needs corresponding to the capital funding cycle for commercial real estate development projects with a primary focus on senior housing and health care related properties. Today, Rainmaker Marketing Corporation serves all types of commercial income-producing property development program financing requests with a combination of feasibility studies, due diligence services, structured finance consulting and a focus on commercial real estate syndication services. Rainmaker Marketing Corporation’s service area includes all of the continental United States, Canada, Mexico and the Caribbean Basin.

281.537.1200

Email: consultants@rainmakermarketing.com

Commercial Real Estate Development Finance, Due Diligence Documentation, Syndication & Project Management Consulting

15519 Dawnbrook Drive, Houston, Texas 77068.