Services: Development

Ripley Heatwole Company

Virginia Financial Advisors

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.

Virginia Financial Advisors (VFA) offers loan placement and equity placement services for real estate acquisition and development. Additionally, it 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. VFA's 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 funding, and immediate funding. These financings have included taxable bonds, tax exempt bonds and the Virginia Housing Fund. Additionally, VFA has placed loans, or secured letters of credit from Bank of America, Wachovia Bank & CDC, 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, First Partners, NEF, First Union, Bank One and others.