Rick Lafferty, CEO, Lafferty Communities - I got reacquainted with Don and Paul during a very in-depth meeting after the crash. It was a very positive, comprehensive meeting about the past, present and future of my company, and it just clicked. They have a very profound depth of knowledge and experience in both the development and home building sectors. They understand not just their perspective but also their sponsors' perspectives and challenges. They're receptive to our solutions, and they're often part of the solution. I really like and respect these guys, and I stay up day and night thinking about how to expand this relationship. I want them to be part of Lafferty Communities for a long time.
Scott McMillin, Chairman of The Corky McMillin Companies - Over the past 12 years we have participated together in excess of $150 million in equity transactions involving the development and construction of over $2 billion of real estate. This was accomplished by using Presidio's common sense approach and non-bureaucratic process.
Ure R. Kretowicz, Chairman of the Board & CEO of Cornerstone Communities Corporation - Cornerstone is fortunate in that we’re sought after by a greater array of equity providers than there are viable deals we’re chasing. That puts us in the enviable position of being able to choose with whom we do business. Thus we only do business with people and organizations that we trust and enjoy. With that criteria, we consider ourselves privileged to do business with Presidio. Their decision making process is horizontally structured, eliminating the multilayered vertical approval process that most equity partners require. They work with us on drilling down into deals and brainstorming how best to structure terms to our mutual benefit. Presidio and its team members are true partners, and they bring a lot to the table.
Brian Ross, CEO of Oakpointe Communities - There's a lot of capital in the market. In looking for new relationships, it's really like getting married. Presidio understands our business but allows us to run our business. They have capital and the right human capital - they have the right people. Presidio has lots of resources but is nimble enough to make quick decisions, which allows us to be opportunistic. Their willingness to put down 100 percent of capital, unleveraged, is huge. Not many partners are willing to do that, and it gives us a lot of flexibility. On the one hand, I couldn't recommend Presidio more highly. On the other hand, I want all their resources to myself. I'm kidding, of course, because the more successful they are, the more successful I'll be. That's their model.
Rudy Herrera, Principal at Family Development Homes - Don and Paul and their team are very down to earth people but also smart, sophisticated business people. They said they wanted to be our partners, and man, have they ever lived up to that statement. If we hit a bump in the road or a roadblock, they jump in there and help work things out. Don and Paul are always just a phone call away, and that is so comforting. These are the kind of people we can do business with.
Gary Grossman, President of Coastal Community Builders, Inc. - The people at Presidio are knowledgeable, experienced and understand what I want to achieve. They don't follow your typical institutional model; they have a much more personal approach. We had several projects that were very time-sensitive, and they were able to put up capital on a very quick timeline, which enabled us to get some spectacular deals. They're very flexible and worked with us. Besides being able to come up with large quantities of money for large projects, they're also willing to help substantiate our ability to perform. They're problem solvers, not problem makers, and when we hit any type of snag, they're out front and helpful. I'm a jealous mistress. I don't want anyone else to have them.
Michael Paris, Founder, President & CFO of BlackPine Communities - Presidio's capital structure for a start-up company like BlackPine Communities was instrumental. We've been able to stay focused on our execution at the home building level without distraction. They trusted my pedigree as a homebuilding professional, and that was an important factor in our success as a startup. Presidio is truly interested in getting to know me, our team, our vision and business plan. We speak a common language, and they're not Wall Street types. They truly understand the markets they're investing in. They have focused on markets they're familiar with and operators who have strengths in those submarkets. They treat us with respect, and that provides a lot of confidence to us as operators and partners.
Ceci Doty, CFO/Executive Vice President, The Corky McMillin Companies - McMillin has had a 20+ year relationship with Presidio and Merced. Their value as a partner is unequaled in the marketplace. They bring a knowledge base and acumen that contributes to the success of each project, and prudent-decision making if the project faces challenges. They are always are our first choice as a partner.
Dave Daniels, Vice President of Acquisitions & Construction at Coastal Community Builders - Coastal Community Builder's involvement with Presidio has been extremely beneficial. Together, we've been able to purchase and control a large percentage of projects on the Central Coast. Presidio has been extremely helpful, not only in financing, but also in their knowledge, accessibility and thorough investigation of each project from marketing, entitlements and construction aspects. Presidio shares our vision, and we’re excited to partner with them as the window of opportunity has opened to the building industry here on the Central Coast.
Joe Leal, Co-Founder, San Joaquin Valley Homes - Presidio Residential has an excellent reputation in the industry, and especially with San Joaquin Valley Homes. Don Faye and Paul Lucatuorto are very knowledgeable about residential building and they understand the value of working together to accomplish common goals. Our company has grown very fast in the past four years and Presidio Residential has helped us finance that rapid expansion. Their staff is exceptionally friendly, has a can-do attitude and responds quickly to any request we have. We could not be more pleased with the relationship, they have been instrumental in our success.