Best Development Group LLC
Best Development Group LLC

Overview

 

Best Development Group LLC ("Best Development") provides financial consulting and development advisory services to owners and developers of affordable housing. Best Development can also joint venture with developers to build affordable family, senior, and mixed income housing.

Best Development's consulting services specialize in feasibility studies, rezonings, tax exempt bond financing, low income tax credit applications, bank construction loans, and permanent financing applications. Best Development also focuses on mixed income rental housing applications and feasibility studies of development sites. 

 

Products/Services

 

 

Best Development Group LLC offers the following services to owners and developers of affordable housing:

 

  • Feasibility studies of development sites
  • Tax exempt bond housing applications & closings
  • Low income housing tax credit applications & closings
  • Rezoning services and redevelopment of land
  • Bank construction loan applications & closings
  • Project management & monthly construction requisitions
  • Permanent loan conversions
  • Joint ventures on developments

 

About Us

 

Best Development Group LLC's Founder and Principal, Ron Schulman, has enjoyed a successful career of 33 years in the affordable housing development field. Ron spent 14 years in banking and finance, 7 years in consulting and development, and since June 2006, has led Best Development Group to close and develop 44 projects for $2.1 billion in total development costs for its clients and partners.  These efforts have created or rehabilitated 5,892 affordable housing units.

 

 

 

 

 

 

Nelly Evans, Senior Vice President, has 27 years' experience in affordable housing finance and development.  Nelly spent 18 years at various positions with the New York State Housing Finance Agency, and joined Best Development in March 2007.

 

 

 

 

Esther Perez, Project Executive, has 17 years experience in corporate real estate holding various positions. Esther joined Best Development in June 2007.

 

 

 
   

 

 

 

 

 

Joyeta Goswami, Assistant Project Manager, has 5 years experience in urban development. Joyeta joined Best Development in September 2015.

 

 

Sample Transactions

 

The Principal of Best Development Group LLC ("Best Development"), Ron Schulman, has completed financing transactions under the following programs and Housing Agencies:

 

  • New York City Department of Housing Preservation and Development (HPD): ELLA Tax Credit Program, Participation Loan Program,  9% Low Income Housing Tax Credit Program, Inclusionary Housing, Preservation of Existing Housing

 

  • New York City Housing Development Corporation (HDC): ELLA Tax Credit Program, Mixed Income Program, NewHop Program, 50-30-20 Rental Program, Participation Loan Program

 

  • New York State Housing Finance Agency (HFA): Tax-Exempt Bond/4% Tax Credit Program, 9% Tax Credit Program, 80/20 Mixed Income Program, Section 236/Preservation Program, SONYMA Insured Program

 

  • New York State Homes and Community Renewal (HCR): 9% Tax Credit Program, Homes For Working Families, Housing Trust Fund Program

 

 

Why Best Development?

 

Why choose Best Development Group LLC for your project?

Because Ron Schulman and Best Development have completed the successful financing of over $6 billion worth of real estate, specifically, affordable housing and mixed income developments in the New York metropolitan area during the past 33 years. This track record speaks for itself. Best Development's mission is to get projects closed as expeditiously as possible. No matter the size or complexity of the project, Best Development will work with you to structure a successful financing package and get you to the closing table. Choose Best Development for your project. Put 33 years' experience and $6 billion of successful financing to work for you!

 

JUNE 2017 UPDATE:  Best Development Group closed two transactions in June 2017. The first transaction is a NYC HPD Mix and Match deal in Bronx, New York. The other is a also a NYC HPD Mix and Match deal in New York, New York. These two projects combine for a total of 663 affordable units being preserved and built in New York City. Since 2006, Best Development has closed 44 development projects, representing the construction and rehabilitation of 5,892 units of affordable housing for $2.1 billion in total project development costs in New York City and the metropolitan area.

We thank our clients, partners, banks, tax credit investors, and government housing agencies very much for this success.  Best Development takes pride in each and every development project.

 

 

Contact Info

 

For more information about the financial consulting and development services of Best Development Group LLC, please call Ron Schulman, Principal, or Nelly Evans, Vice President, at (914) 472-0180 or send an email at the link below.

Thank you for visiting and we look forward to working with you on your project!

 

Contact Ronald Schulman, Principal
Tel: (914) 472-0180

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