Question 1

A family office wants to co-invest in our next three projects. Can you structure the joint venture?

Accepted Answer

Yes. Alehar models the joint venture on its terms: the equity each side puts in, the preferred return, the profit split above it, the fees the developer earns, who guarantees the construction loan and how decisions and exits work, against funding the projects with the bank and mezzanine debt alone. Developers see what the partnership gives away project by project, and Alehar supports the negotiation and the documentation with counsel.

Question 2

Can you arrange the financing for a development and run the lender process?

Accepted Answer

Yes. Alehar sets out the options for each project: the bank construction loan, the land loan, mezzanine behind the bank where the equity is short, and equity from partners, a fund or a forward buyer, each priced for interest, fees, profit share and control. It prepares the lender pack and the model the lender will test, and runs the process under its Raising Equity or Debt service.

Question 3

A fund has offered to buy our completed buildings. Can you show whether to sell or hold?

Accepted Answer

Yes. Alehar sets the two side by side: the cash a sale gives today after the loan is repaid, against the rent, less the costs and the refinancing, plus the value in five years if the buildings are held, with the return on equity under each and what a change in rates or occupancy does to it. The investors decide on the numbers, and Alehar supports the sale or the refinancing that follows.

Question 4

Can you build the model for a development before we buy the land?

Accepted Answer

Yes. Alehar builds the project model before the land is bought: the purchase, the build cost, the fees, the interest during construction, the sales or rental income and the timing of each, tested against higher costs, slower sales and a move in rates. Developers see the profit, the equity needed, the return on it and the land price at which the project stops working.

Question 5

Can you manage the construction draws and the lender reporting during the build?

Accepted Answer

Yes. Alehar builds and tracks the draw schedule for each project: what the contractor is owed, what the lender will release against it and the gap the developer funds in between, forecast month by month against the loan limit so the loan does not run out before the work does. The lender's reports and the covenants come from the same numbers, which keeps the next draw on time.

Question 6

We have been offered the next site. Can you show whether we can carry two projects at once?

Accepted Answer

Yes. Alehar forecasts cash across every project and entity month by month, from the draw schedules, the sales completions, the rent roll, the loan repayments and the overhead the projects have to carry. It shows the months when one project's shortfall would have to be covered by another, where the loan terms do not allow that, and whether the new site fits or has to wait.

Question 7

Can you set up the reporting our investors and partners expect by project and by fund?

Accepted Answer

Yes. Alehar builds the quarterly report an investor expects: each project against its plan, the cash called and returned, the debt in place, the valuations and the forecast to completion, with a fund or portfolio view on top, reconciled to the accounts of each entity. Partners stop asking for the bank statement, and the next capital raise starts with a track record already written down.

Question 8

Can an outsourced or virtual CFO cover a developer with several projects and lenders?

Accepted Answer

Yes, for most owner-run property developers, real estate investors and development companies. Alehar provides a partner with a team behind them, reviews each project, the draws, the lenders and the cash across the group with you every month, and brings extra hands for a joint venture, a raise, a refinancing or the sale of a building. It is what developers expect from a part-time FD, an interim CFO or a virtual CFO. The books of each entity stay with your accountant, and Alehar builds the project and portfolio view on top.

Fractional CFO for Real Estate Developers and Investors

What developers and investors tell us

Why real estate developers and investors work with Alehar

A partner who is accountable

A complete team, not a single hire

Month to month, without lock-in

The same partner for the raise or the sale

Start maximizing the potential of your company now.

We get you a true financial picture of your company

We help you save costs and improve cashflow

We develop effective plans to help you grow revenue

We help you identify and decide between growth initiatives

We get you ready for an investment or a sale

The same work, already done.

Project Blueprint

Project Fetch

Project Waypoint

Frequently asked questions

Tools for real estate finance decisions

Valuation Calculator

Debt Capacity Calculator

Lenders Directory

Let's connect.

Sign up for our insights