Copyright 2008 ROC USA, LLC. 1 Resident Ownership, Effectively & Efficiently.
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Copyright 2008 ROC USA, LLC. 1 Resident Ownership, Effectively & Efficiently
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Transcript of Copyright 2008 ROC USA, LLC. 1 Resident Ownership, Effectively & Efficiently.
Copyright 2008 ROC USA, LLC. 1
Resident Ownership,
Effectively & Efficiently
Our Mission:
To make quality resident ownership viable nationwide.
We do this by:Timely and expert technical assistance and
financing for resident corporations.
Copyright 2008 ROC USA, LLC.
A Resident Owned Community
Homeownersown residentcorporation,
which buys/owns the MHC.
Quality Technical Assistance
ROC USATM Network
Low down-payment/high LTV commercial loan(s)
ROC USA™ Capital & Others
Copyright 2008 ROC USA, LLC.
Copyright 2008 ROC USA, LLC. 4
ROC USA™ Network
A network of non-profit community development organizations who have collectively completed over 100 MHC transactions.
• CASA of Oregon • Community Resource Group• Crossroads Urban Center• Northcountry Foundation • NeighborWorks Montana• NH Community Loan Fund• Northwest Co-op Dev’t Ctr• PathStone, Inc.• Rural Communities Assistance
Corp.• READS-USA
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Copyright 2008 ROC USA, LLC. 5
ROC USA™ Network Certified TA Providers
Market Areas (3/09): 30 States
ROC USA™ NetworkThree Stage Process with Sellers:1. Find “for sale” communities with interested
sellers and assess economics and demographics. IF VIABLE, proceed. If not, inform seller.
2. Present homeowners with the opportunity. If there is interest, proceed with transaction. If not, inform seller.
3. Close the deal.
Copyright 2008 ROC USA, LLC.
ROC USA™ Capital
• Current capitalization: $25mm;• Purpose: Provide timely and appropriate
commercial mortgage financing:+ High LTV (up to 105%) community purchase loans
for resident corporation purchases;+ Pre-development loans for resident corporations,
too.
Copyright 2008 ROC USA, LLC.
Resident ownership is most viable when:
• Quality:– The better the quality, the faster and easier the transaction;– 75% plus owner-occupied;– 51% permanent residences;– It is a “continued use” sale;
• Size: – Single MHC is listed below $12mm and portfolios below $30mm
(currently); • Demographics:
– Homeowners are mostly medium- and long-term residents;– Both family and 55+ communities have been successful.
Copyright 2008 ROC USA, LLC.
Copyright 2008 ROC USA, LLC. 9
ROC USA
Please Call Us
Paul Bradley, PresidentROC USA™, LLC603-856-0709
www.rocusa.org
