| RMC Consulting Services are offered independently or in conjunction with RMC's financing services. RMC provides owners and acquirers with the strategic consulting services needed to develop, implement and close virtually any type of HUD recapitalization including: · Section 236 Interest Reduction Payments Decoupling
· Section 202 Recapitalization
· Flexible Subsidy Recapitalization
· ELIHPA and LIHPRHA Recapitalization
· Mark Up to Market - Standard, Discretionary, and Non-profit Transfer
· Capital Repair Program for Non-profits - i.e. "The Mark Up to BudgetProgram"
· Prepayment Facilitation/Refinancing
· Section 8 Enhanced Voucher Processing/Implementation
· Section 8 Contract Termination RMC works with owners and buyers to develop recapitalization strategies and then fully implements these transactions in coordination with all other involved parties. As the consultant, RMC is responsible for the overall transaction implementation and serves as the primary point of contact with all parties from transaction inception to closing. Consulting Methodology Each owner or purchaser has its own unique business objectives, just as each HUD-assisted property has its own unique mix of subsidies, restrictions, and physical improvement needs. HUD offers a variety of programs that can work individually or collectively to achieve the physical and financial goals of a property and its owner. However, understanding key ownership objectives, and HUD's insurance, subsidy and preservation programs are key factors in developing the best value-producing recapitalization transactions. Property owners and buyers can take advantage of RMC's consulting services to achieve business objectives such as: · Completing capital improvements
· Stabilizing Project or Property operations
· Increasing distributable cash flow
· Addressing Partnership tax concerns
· Realizing equity value through refinancing
· Preserving a property as affordable Rockport Mortgage has the knowledge and proven expertise to create the optimal value for owners in the context of both conventional and affordability-oriented preservation transactions. To do so, Rockport Mortgage first develops the most advantageous Strategic Plan to support an owner's specific business objectives and then coordinates implementation with all involved parties including HUD, state agencies, local governments, residents, appraisers, capital needs assessors, and lenders. To begin the process of determining the best value-producing transaction that can be implemented, RMC uses the information completed by the owner in the Property Specification Form as a starting point. From there, RMC works closely with the owner to fully develop the recapitalization transaction that will achieve the owner's short and long-term business objectives.
Compensation Compensation for the consulting services is directly tied to the value Rockport Mortgage creates in the transaction. Since the ultimate value will be generated at the closing, the majority of compensation is paid when a closing results. Periodic payments can be viewed as installments against the overall value of the transaction. Our consulting fee structure typically involves an: · Engagement Fee
· Proposal Fee
· Closing Fee These fees are set based on each individual transaction's risk, reward, and complexity. RMC will work with the client to determine the best compensation structure for each transaction. | 
