{"id":489,"date":"2015-11-15T17:18:46","date_gmt":"2015-11-15T17:18:46","guid":{"rendered":"http:\/\/www.developco.com\/development\/?p=489"},"modified":"2015-11-15T17:19:51","modified_gmt":"2015-11-15T17:19:51","slug":"living-way-fellowship","status":"publish","type":"post","link":"https:\/\/www.developco.com\/development\/living-way-fellowship\/","title":{"rendered":"Living Way Fellowship"},"content":{"rendered":"<p>The Client, Living Way Fellowship, needed to reevaluate a site contracted for and approved for purchase by their congregation within 30 days following retaining Development Advisors. Following the evaluations the Client needed to find a new site and manage the development and relocation process from start to finish.<\/p>\n<h3>Assignment Highlights<\/h3>\n<ul>\n<li><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-544\" src=\"http:\/\/churchfacilitysolutions.com\/wp-content\/uploads\/2015\/10\/LivingWayFellowship-300x203.jpg\" alt=\"LivingWayFellowship\" width=\"300\" height=\"203\" \/>Evaluated Client\u2019s ability to purchase a 10-acre, $2.2 million site that Client procured directly in the City of Centennial.<\/li>\n<li>Determined Client could not afford to develop the initial 10-acre parcel and that the City may not approve a church use even though the use was allowed by zoning. Seller would not restructure the contract to a 5-acre purchase with option and or extend time of closing for entitlements.<\/li>\n<li>Located an alternative 5-acre site in Highlands Ranch for $1.3 million, obtained an option to purchase the adjacent 7 acres, and negotiated the time needed for the entitlement process with Douglas County\/Highlands Ranch.<\/li>\n<li>Selected and managed a Project Team through entitlement in Douglas County, fund raising, financing, sale\/leaseback of existing facility and negotiation of a third-party day care provider.<\/li>\n<li>Managed construction and relocation of the approximately 500-member church.<\/li>\n<\/ul>\n<h3>Results<\/h3>\n<ul>\n<li>Instead of purchasing the entire 10-acre parcel, Advisors saved the Client $1.3 million and assured its ability to relocate.<\/li>\n<li>Crafted a finance package\/RFP for the land and the $4.9 million construction\/permanent loan resulting in a fiveyear, fixed interest rate of 5.9%, amortized over 30 years, with only a one-half percent fee to the lender.<\/li>\n<li>Saved Client $50,000 in mortgage broker fees.<\/li>\n<li>Negotiated the sale\/lease-back of Client\u2019s existing facility along with a lease to a third party day care provider without the use of an outside broker. Saved Client $55,000 in brokerage fees.<\/li>\n<li>Negotiated favorable terms with general contractor saving $400,000 and 2 months of construction schedule.<\/li>\n<\/ul>\n<blockquote><p>Prior to officially hiring Tim Dreessen as our project manager for our $6 million relocation, Tim reviewed our existing land purchase\u00a0contract and brought to our attention some serious development risks that we had not considered. These risks could have completely\u00a0destroyed our project. Tim\u2019s knowledge of the entire development process is invaluable.<\/p><\/blockquote>\n<p>Wes Harding, Administrator<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Living Way Fellowship, needed to reevaluate a site contracted for and approved for purchase by their congregation within 30 days following retaining Development Advisors. Following the evaluations the Client needed to find a new site and manage the development and relocation process from start to finish.<a class=\"more-link\" href=\"https:\/\/www.developco.com\/development\/living-way-fellowship\/\">&nbsp;Read More.<\/a><\/p>\n","protected":false},"author":3,"featured_media":485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,2],"tags":[],"class_list":{"0":"post-489","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-church-and-nonprofit","8":"category-projects","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Living Way Fellowship - Development Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.developco.com\/development\/living-way-fellowship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Living Way Fellowship - Development Advisors\" \/>\n<meta property=\"og:description\" content=\"Living Way Fellowship, needed to reevaluate a site contracted for and approved for purchase by their congregation within 30 days following retaining Development Advisors. Following the evaluations the Client needed to find a new site and manage the development and relocation process from start to finish.&nbsp;Read More.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.developco.com\/development\/living-way-fellowship\/\" \/>\n<meta property=\"og:site_name\" content=\"Development Advisors\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-15T17:18:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-11-15T17:19:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.developco.com\/development\/wp-content\/uploads\/2015\/11\/LivingWayFellowship-500x200.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott McLean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott McLean\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.developco.com\/development\/living-way-fellowship\/\",\"url\":\"https:\/\/www.developco.com\/development\/living-way-fellowship\/\",\"name\":\"Living Way Fellowship - 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