Greene Street manages all financial aspects of your project using our proprietary Total Project Budget, Cash Flow, Cost Tracking and 5-Year Operating Projections.

Total Project Budget.  Greene Street routinely updates all Project costs—soft costs, hard costs, financing costs and FF&E (also known as outfitting) costs.

Cash Flow.  Greene Street creates a monthly cash flow projection showing the timing of cost outflows (predicted expenditures) that informs when cash inflows will need to be received.

Cost Tracking.  Greene Street tracks all project costs, expenditures, remaining amounts and possible future changes for the current point in time.

5-Year Operating Projections.  Greene Street helps you create a 5-year income & expense projections using our proprietary “Income Projections” excel spreadsheet that informs our client of its future operating revenues, future expenses and the corresponding debt that it can afford.

Payment Processing.  Greene Street manages all invoicing, lender inspections, and payment processes. Each month, the invoices are assembled, the work-in-place is confirmed, and a draw request is sent to a disbursing agent, either the lender or perhaps a title company, who disperses the checks. Greene Street ensures conditional lien releases are provided at the time of invoicing, and unconditional lien releases are provided upon receipt of payment.

Lender Inspections.  Instead of a hiring a third-party inspector, Greene Street can provide the inspection required by the lender or disbursing agent which will save thousands of dollars. In this role, Greene Street confirms that the work being requisitioned for payment has been completed by providing copies of weekly construction meeting minutes, pictures, sign-offs on the appropriate AIA form (if required), and an updated Total Project Budget and Cost Tracking report analyzing the status of expenditures versus budget.