OUR GEORGIA TEAM MEMBERS
• COMMERCIAL REAL ESTATE ATTORNEY – Hartley, Rowe & Fowler, P.C., 12301 Veterans Memorial Hwy, Douglasville, GA 30134, Phone: (678) 825-6004/Scott Newland. Scott advises clients, such as developers and lenders, on various real estate projects, including hotels, office buildings, apartment complexes, shopping centers, and planned unit developments.
• LOAN CLOSING AGENT/CONSTRUCTION PROCEED TO DISBURSEMENT AGENT – Fidelity National Title, National Commercial Services – Atlanta, 3301 Windy Ridge Pkwy SE Suite 300, Atlanta, GA 30339, (770) 850-9600. Fidelity National Title will issue all title insurance policies for BCCG’s loan portfolio, ensuring the first lien position of all participating loan investors in their security interest in the underlying commercial real estate property being built and financed with their loan participation funds. Fidelity National Title will also serve as the escrow agent for all loan participation funds on every residential/commercial construction and development loan originated and underwritten by BCCG. Additionally, Fidelity National Title will be responsible for dispersing loan proceeds to the construction manager of each project under the construction loan agreement and the disbursement schedule executed between BCCG, the title company, and the builder.
• CONSTRUCTION SITE/DRAW INSPECTION COMPANY – USA Inspections, 223 Scenic Hwy N # 200, Lawrenceville, GA 30046, Phone 770-237-5955. BCCG will engage an experienced construction site/draw inspector who will be responsible for conducting routine site visits to each construction project in between scheduled disbursements to provide BCCG and the loan participants with detailed reports, photos, and videos on the progress of the project, and the accurate appropriation of disbursement proceeds that were previously advanced to the project.
• LOAN SERVICING COMPANY – Southern Loan Servicing, 2325 Manhattan Blvd, Harvey, LA 70058, (504) 367-2512. The Loan Servicing company is the investor remittance agent. It is its fiduciary responsibility to disperse all monies that comprise both the principal and interest repayment at maturity, in addition to the monthly disbursement of the “interest reserve” remittances. A “Registry of Loan Participants” is compiled and maintained by BCCG and the Loan servicing agent for every loan originated and closed by BCCG. The investors’ remittance schedule will be administered according to the instructions outlined in each respective assignment of mortgage agreement executed between BCCG and the participating investors.
• REAL ESTATE SALES & BROKERAGE FIRM – Atlanta Fine Homes – Sotheby’s International Realty, 3290 Northside Parkway NW, Suite 200, Atlanta, Georgia, 30327, Phone: 404.237.5000, Joy Andrews/Licensed Real Estate Agent. BCCG chose Sotheby’s International Realty and their Atlanta representative, Joy Andrews, because of the brokerage firm’s marketing strength and ability to provide market analysis, market research, project feasibility studies, presales, staging, marketing, and promotion of the homes to be built and sold. Joy personally brings over 20+ years in real estate sales with a niche focus on Atlanta’s new development and construction marketplace.
• END-BUYER TITLE COMPANY – Fidelity National Title, National Commercial Services – Atlanta, 3301 Windy Ridge Pkwy SE Suite 300, Atlanta, GA 30339, (770) 850-9600. The title company will facilitate every newly built and sold home sale. The title company will be responsible for remitting the principal and interest payment due and payable to the investors for every sale. They will also be responsible for filing the “satisfaction of mortgage” documentation upon processing every loan repayment.