“The San Antonio Housing Authority (SAHA) has had a very successful and productive business relationship and highly recommends The Franklin Companies and their team. SAHA has partnered with Franklin on several multi-family projects totaling nearly $100,000,000 over the past four years. These projects were a combination of mixed-income and public housing and financed using tax-exempt bonds, 4% and 9% tax credits and numerous sources of soft debt.
The Franklin team is diligent and professional, traits that prove valuable when creating a public/private partnership. Their strong reputation and expertise in community support has allowed our developments to be very well received as a recipe for successful affordable housing.
In addition, Franklin has always been able to secure attractive financing terms, which translate to efficient and long-term sustainability in our developments. We are proud to have Franklin Development as our community partner.”
“I have personally worked with the Franklin team on several affordable, multifamily developments and have always been impressed with their diligence and persistence in executing the development plan. As a lender, it is crucial for us to know Franklin, both as a developer and guarantor, is experienced and has the capability to be successful in the long term. We feel Franklin exemplifies a quality affordable housing developer. Over the past few years, MMF Financial has executed private placement bond financings, construction and permanent debt, and Freddie Mac forward commitments. Franklin’s experience in a variety of financing sources is a benefit to the partnership not only in their extensive knowledge of financing, but their ability to quickly gauge the market and choose solutions best suited to individual project needs. We look forward to working with them on future projects.”
“Through my many years of serving public housing agencies, I have found Franklin to truly share my vision of leveraging the private sector expertise with our common goal of providing the very best in affordable housing options. I have personally worked with the Franklin team and found them to be the “upper tier” of multifamily developers. A few years ago, we were working hard to turn a previously unusable tract of land into housing. Once Franklin was on board, their ideas and ingenuity allowed us to quickly overcome the issues and we delivered the news to the community group, “we can do it!” Their expertise in financing, constructing, and management of affordable housing developments served to create a dynamic and successful partnership. Franklin has always demonstrated impeccable ethics and are diligent in making sure each detail is handled.”
“Franklin has been a great client and asset to KeyBank Real Estate Capital. They are trustworthy and always conduct their business with the highest integrity. Franklin has been a client of KeyBank for nearly a decade. Over that time, we have closed over $100,000,000 in new construction loans including market rate and credit enhanced tax-exempt bond transactions. It has always been my personal opinion that Franklin pays great attention to detail which ensures that we get a quality product with the greatest possible chance of success. Their developments are consistently built on time and on budget and the quality of the projects are evident in the design and appeal as well as the success of rapid lease-ups. I look forward to many more years of success in our relationship with Franklin. We appreciate the opportunity to be able to work with a firm of such quality and integrity as Franklin continuously displays.”
“In 2010, Franklin was selected by the Housing Authority of the City of Port Isabel Board of Commissioners as our first choice to redevelop a 73 unit mixes income, mixed finance development in Port Isabel, Texas. From the very beginning, Franklin has proven to be the right choice. Not only were we successful in securing highly competitive tax credit financing, but we are set to begin construction on brand new affordable housing units this August. We have appreciated Franklin’s honesty and willingness to explain the sometimes complex process of developing and financing affordable housing. Their attention to detail and commitment to providing the highest quality product gives me comfort that we will have a high successful development for years to come. Their team is set up so that we always know who to contact when we have questions and this accessibility has made all the difference in making sure we plan the best development possible. Their integrity and commitment to “getting it done” is refreshing and we look forward to our long term partnership.”
“As an ardent supporter of affordable housing, I actively seek out firms and individuals who I have seen demonstrate the integrity and commitment to be successful in providing high quality housing. Over the years, Franklin has continually demonstrated to possess the skills, knowledge and commitment to be what I consider the very best in affordable housing developers. What I appreciated about Franklin is that they don’t necessarily chase just any development, but selectively choose to pursue quality projects that are feasible, self-sustaining, and those that provide a positive enhancement to the community. Their past history of being honest and of producing quality developments has given me the confidence in their team to publicly support their efforts and it is my hope to continue to support Franklin in the future.”
“I have worked with Franklin for nearly a decade and served as the investment banker, construction lender, and/or permanent lender on numerous tax credit multi-family properties. The Franklin team is always diligent, creative, and honest. Both as a developer and guarantor, Franklin has always held my highest respect. Our experiences over the years serve to highlight Franklin’s long-term commitment to ensuring each development is successful. For these reasons, I view Franklin Development as a flagship client and a true leading provider of the highest quality affordable housing and senior housing communities in the Southwest. I consider Franklin’s character to be of the highest quality and we would gladly partner with them in the future given the opportunity.”
“On behalf of the Nogalitos Zaramora Coalition, I commend the Franklin Companies for their work on the Artisan at Creekside project. Our organization had worked for about three years to get somebody to develop this property. When Franklin took on the project, the company involved us every step of the way, showing us plans and projections and soliciting our ideas for a name for the apartments. Personally, The Artisan at Creekside Apartments would attract me as a pleasant place to live if I didn’t already own my own home. We pass the complex at least three times a week and marvel at how well it looks. This is the kind of development we encourage in our community.”
“Bank of America over the past several years has been able to meet the financing needs of The Franklin Companies. To date we have closed approximately $50,000,000 in business with Franklin on mixed income, public housing developments in partnership with the local public housing authority. The Bank has provided both construction financing and the purchase of tax credits. The complex financing structures have included various levels of financing inclusive of public, private and bank funds. The Franklin team presents their organization in a professional manner and has been able to execute within tight timeframes. This team has demonstrated expertise and understanding of the development of multi-family properties and their complex financing structures when both public and private funds are involved.”
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