Belmont Lodge Wh Developer LLC: Company Profile

Background

Overview

Belmont Lodge Wh Developer LLC is a real estate development firm specializing in the construction and management of affordable housing projects. The company is committed to creating sustainable, affordable communities by leveraging various funding sources and collaborating with local, state, and federal partners.

Mission and Vision

The company's mission is to develop high-quality, affordable housing that strengthens communities and enhances the quality of life for residents. Its vision is to be a leading developer of sustainable, affordable housing solutions that meet the diverse needs of communities.

Primary Area of Focus

Belmont Lodge Wh Developer LLC focuses on the development of multi-family rental properties, utilizing a range of funding mechanisms to support its projects.

Industry Significance

Operating within the affordable housing sector, the company plays a crucial role in addressing housing shortages and providing quality living spaces for low- and moderate-income families.

Key Strategic Focus

Core Objectives

Affordable Housing Development: To increase the availability of affordable housing units through strategic development projects.

Community Strengthening: To enhance community well-being by providing quality housing that fosters stability and growth.

Specific Areas of Specialization

Multi-Family Rental Projects: Specializing in the development of multi-family rental properties that cater to a diverse range of residents.

Adaptive Reuse Projects: Transforming existing structures into affordable housing to preserve historical architecture and reduce environmental impact.

Key Technologies Utilized

Sustainable Building Practices: Implementing eco-friendly construction methods to promote energy efficiency and environmental sustainability.

Project Management Software: Utilizing advanced software tools for efficient project planning, execution, and monitoring.

Primary Markets or Conditions Targeted

Urban and Suburban Areas: Focusing on regions with high demand for affordable housing, including both urban centers and suburban communities.

Partnerships with Government Agencies: Collaborating with local, state, and federal entities to secure funding and support for development projects.

Financials and Funding

Funding History

Belmont Lodge Wh Developer LLC has a history of securing diverse funding sources to support its development projects. These include Low-Income Housing Tax Credits (LIHTC), HUD Community Development Block Grants (CDBG), HOME Investment Partnerships (HOME) funding, and Federal Home Loan Bank Affordable Housing Program funds.

Total Funds Raised

While specific figures are not publicly disclosed, the company has successfully raised substantial funds to develop over 2,000 residential units, amounting to more than $150 million in new construction.

Notable Investors

The company collaborates with various investors, including government agencies and private entities, to finance its projects. Specific investor names are not publicly disclosed.

Intended Utilization of Capital

The capital raised is primarily utilized for the construction and management of affordable housing projects, encompassing land acquisition, development costs, and operational expenses.

Pipeline Development

Key Pipeline Candidates

GardenWalk of Coweta: Located in Coweta, Oklahoma, this project is under construction and scheduled for completion in 2017.

GardenWalk of South Fork: Situated in South Fork, Colorado, this development is also scheduled for completion in 2017.

SavannahPark of Charleston I & II: Located in Charleston, Arkansas, these phases are scheduled for completion in 2017.

Stages of Clinical Trials or Product Development

As a real estate development firm, Belmont Lodge Wh Developer LLC does not engage in clinical trials or product development.

Target Conditions

The company's developments aim to address the need for affordable housing in various communities, providing quality living spaces for low- and moderate-income families.

Relevant Timelines for Anticipated Milestones

The company has a history of completing projects on schedule, with developments like GardenWalk of Coweta and GardenWalk of South Fork slated for completion in 2017.

Technological Platform and Innovation

Proprietary Technologies

The company employs sustainable building practices and advanced project management software to enhance efficiency and environmental responsibility in its developments.

Significant Scientific Methods

While not directly involved in scientific research, the company applies principles of sustainable architecture and urban planning to its projects.

AI-Driven Capabilities

There is no publicly available information indicating the use of AI-driven capabilities within the company's operations.

Leadership Team

Key Executive Profiles

Ryan Hudspeth: Founder and Key Principal of Belmont. Leads operations with a focus on financial management and company operations. Holds a BS in Mechanical Engineering from the University of Oklahoma and an MBA from the University of Missouri.

Derrick Hamilton: Key Principal involved in overseeing construction activities. Holds a BA in Psychology from the University of Oklahoma.

Shawn Smith: Key Principal focusing on development activities and securing financing. Holds a BS in Business Finance from Oklahoma State University and an MBA from the University of Central Oklahoma.

Corey Farmer: Vice President specializing in originating development opportunities and preparing funding proposals. Holds a BS in Business Finance from the University of Oklahoma.

Lainey Schubert: Development and Loan Analyst coordinating construction financing and financial analysis.

Pamela Miller: Development Coordinator focusing on application preparation and due diligence. Holds a BS in Accounting from Baker University and a JD from the University of Kansas.

Cathy Beulyn: Office Manager and Construction Coordinator managing office operations and coordinating with construction teams.

Leadership Changes

There is no publicly available information regarding recent significant changes or appointments within the company's leadership.

Competitor Profile

Market Insights and Dynamics

The affordable housing sector is characterized by a growing demand for quality, low-cost housing solutions. Government initiatives and funding programs play a significant role in supporting development projects.

Competitor Analysis

Key competitors in the affordable housing development sector include:

Belmont Development Company: Active in Arkansas, Colorado, Kansas, Missouri, Oklahoma, and Texas, focusing on affordable housing through USDA-Rural Development and LIHTC.

Belmont Construction Company: Serves as the General Contractor for Belmont's rehabilitation and new construction developments.

Belmont Management Company: Provides property management services for Belmont-owned properties and unaffiliated owners of multifamily housing.

Strategic Collaborations and Partnerships

Belmont Lodge Wh Developer LLC collaborates with various government agencies and private investors to secure funding and support for its projects. Specific partnerships are not publicly disclosed.

Operational Insights

The company differentiates itself through its commitment to sustainable building practices, efficient project management, and a focus on community development.

Strategic Opportunities and Future Directions

Strategic Roadmap

The company aims to expand its portfolio by identifying and developing new affordable housing projects in regions with high demand.

Future Business Directions

Opportunities include exploring adaptive reuse projects, integrating advanced technologies in construction, and forming strategic partnerships to enhance development capabilities.

Opportunities for Expansion

Potential expansion areas include underserved urban and suburban regions where affordable housing is in high demand.

Positioning for Future Objectives

The company's focus on sustainable development and community engagement positions it well to meet future objectives in the affordable housing sector.