Before there was GPS, radar and sonar to guide them, ships at sea had to rely on the skills of their navigator to make it safely home. An experienced navigator’s knowledge of reefs and shoals, winds and weather, tides and currents made him far more valuable than the captain when it came to not sailing off the edge of the world.
At Chesapeake Community Advisors, our experienced team of specialists stands ready to help you chart the best course to the successful completion of your real estate development project. CCA has the know-how to guide you past any pitfalls or problems that may arise and ensure smooth sailing towards realizing the maximum value of your project, regardless of its scope or complexity.
It is with great sadness that we announce the passing of Ben Etheridge, our dear friend and colleague.Read More
We have worked on numerous types of financing with Chesapeake Community Advisors over the past ten years. They have ranged from FHA mark-to-market loans to Fannie Mae financing with various levels of renovations on developments across the country. What we have found is that there are very few advisors and partners like CCA who have the expertise to guide a deal literally from day one when looking at the feasibility of a deal through to the construction and lease-up of a property. We value working with CCA for their knowledge, ingenuity, dedication and hard work to come up with the best possible outcome for their partners and residents.
“I have worked with the principals of Chesapeake since the inception of Cinnaire in 1993. They have proven to be the most highly skilled and knowledgeable group of professionals we have ever worked with in this industry. Their creative and entrepreneurial approach to real estate development and finance have made them the number one choice for Cinnaire to assist us in complex and difficult real estate transactions. The use of Chesapeake in our Housing Tax Credit Year 15 disposition strategies has produced results for our investors that were beyond their expectations and has been a model we use in all of our disposition strategies. They are real estate experts extraordinaire with the added benefit of being socially minded. They not only care about the investor and owner benefits but also take into account a positive outcome for the residents.”
Gorman Management Company (GMC) is a legacy Section 8 owner/manager in Oklahoma that was established in 1978. We were introduced to CCA through Ben Etheridge in 2012 and closed our first two 9% LIHTC deals that year. Since then, we have closed an additional nine deals that are a mix of for-profit and non-profit owned properties (and three in process). Most of our deals are complicated and require expertise in all levels of affordable housing (HUD, LIHTC, FNMA, etc.). CCA has brought expertise as our development partner to all of these deals that was essential to their success.