Real estate development and finance, from site to stabilization.
Independent consulting for developers, housing providers, and property owners: development project management, site selection, affordable housing finance, and deal structuring.
What I help with
- Development project management
- Keeping projects moving from site control through entitlements, design, permitting, and construction, while actively managing budget and schedule.
- Affordable housing finance
- Layering federal, state, and local programs and subsidies into a capital stack that closes: sources and uses, gap analysis, and the compliance each source brings.
- Development pro formas
- Models for rental and for-sale projects that lenders, investors, and boards can follow line by line.
- Retail development
- Retail projects from site to exit: site selection and acquisition negotiation, tenant lease terms and work letters, delivery through turnover and lease commencement, and permanent financing or sale.
- Portfolio diagnostics
- Retrospective analysis of underperforming properties to identify the causes of operating deficits and negative equity, and to establish a baseline of current performance against key asset management indicators.
- Asset and property management plans
- Turning that benchmark into a plan: higher occupancy and collections, lower expenses, and more efficient operations, with key indicators to track whether the portfolio is moving in the right direction.
- Deal structuring
- Business terms, ownership, and financing structures aligned with project and stakeholder goals, developed in coordination with your legal counsel.
- Due diligence and business terms review
- Acquisition due diligence and business-point review of lease and contract terms, with analysis of cost and risk.
About
- DevelopersRetail, residential, mixed-use
- Housing providersNonprofit and mission-driven
- Owners and investorsOperating and planned properties
Based in Chattanooga, Tennessee, working with clients nationwide.
I'm Jake Toner, an independent commercial real estate consultant based in Chattanooga. I work with developers, nonprofit housing providers, and property owners on the development and financial side of real estate: where to build, how a deal is funded, whether the model holds up, and how to turn around a property that isn't performing.
Most engagements start with a specific question, like a site that needs vetting, a pro forma that needs a second look, a capital stack with a gap, or a project that needs someone keeping it on schedule and on budget. I work directly on every project.
Start with an email
Tell me a little about the project and where it stands.