About: Company Background

Ripley Heatwole Company

RH Builders

Telcom Systems

Virginia Financial Advisors

The Ripley Heatwole Company (RHC) evolved from a real estate company, established in 1946, into a full service developer. Affiliates include a Class A General Contractor, mortgage banking company and property management company. Our extensive experience and the superior talent of our team have made Ripley Heatwole one of the top multi-family housing developers in the Commonwealth of Virginia.

Ripley Heatwole Company (RHC) specializes in multi-family housing developments including market rate mixed use communities of over 400 units to affordable housing communities averaging 120 units. To date, RHC has developed over 5000 rental units and for sale units, with approximately 300 units under construction, and 700 units on the boards.

In addition to our development capabilities, we are successful property managers as well. Our dedicated property management team has had notable achievement in the market with both lease-up and lease renewals. Many of the properties that these professionals manage have received awards for outstanding ongoing management and maintenance.

RH Builders, Inc. (RHB) is a Class-A General Contractor that provides quality construction and construction management services for both residential and commercial projects. RHB works closely with the development team to ensure the timely approval of site plans, building plans and the issue of required permits. RHBs expertise includes new construction, rehabilitation/renovation of existing properties, land development and infrastructure improvements. RHBs skills in sub-contractor negotiation, supervision of work schedules, and tracking of costs ensures that projects are completed on time and on budget.

Virginia Financial Advisors, Inc. (VFA) offers loan placement and equity placement services for real estate acquisition and development. Additionally, VFA supervises the preparation of documents and prepares applications for various housing programs, including Market Rate Apartment loans, Affordable Apartment loans, and Low Income Housing Tax Credits. VFAs expertise and creativity allow its clients to produce housing, based on sound economic principles, despite ever changing financial markets.

VFA is a Virginia Housing Development Authority approved mortgage banker. They have placed, with VHDA, construction/permanent loans, forward fundings, and immediate fundings. These financings have included taxable bonds, tax exempt bonds and the Virginia Housing Fund.

Additionally, VFA has placed loans, or secured letters of credit for the development of multi-family housing from Bank of America, Wachovia Bank & CDC, BB & T, the Bank of Hampton Roads, First American Bank, Bank of Windsor, Crestar Bank, Cenit Bank, Investors Savings and Loan, Mass Mutual Insurance Company, Virginia Beach Savings Bank, and Charter Municipal Acceptance Corporation. VFA has arranged equity offers from Related Capital Corporation, Lend Lease (Boston Financial), Sun America, Wachovia Securities First Partners, National Equity Fund, First Union Bank, Bank One and others.