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CASE STUDY

Closing $108 Million in Development Financing Across Three Projects

Carrollton Community

Amount

$108,000,000

Location

Garland, Tarpley, Frisco | TX

Garland, Tarpley, Frisco | TX

Type

Luxury Garages

The Situation

As Garages of America expanded its development platform, the team needed a financial partner capable of supporting far more than individual transactions. New acquisitions required commercial real estate underwriting and financial modeling, active developments required capital markets execution, operating assets required ongoing asset management, and the launch of an investment fund introduced an entirely new layer of financial planning and reporting.

Building internal teams for commercial real estate underwriting, financial modeling, capital markets advisory, fund management, and asset management would have required significant time and resources while limiting flexibility as deal activity evolved. The objective was to establish a scalable financial platform capable of supporting every stage of the investment lifecycle through a single integrated relationship.

Our Approach

Since 2024, Foss has served as an extension of the Garages of America team, providing commercial real estate financial modeling, acquisition underwriting, capital markets advisory, fund management, and asset management support across the company's growing portfolio.

The engagement has included arranging more than $108 million of development financing for projects in Garland, Tarpley, and Frisco, Texas, structuring capital solutions involving banks, credit unions, and C-PACE financing during one of the most challenging debt and equity markets in recent years. At the same time, Foss developed the financial framework for the company's inaugural investment fund, supporting fund launch consulting, fund modeling, capital call and distribution forecasting, scenario analysis, quarterly financial reporting, and oversight of the annual audit and tax process.

Financial modeling supports every stage of the investment lifecycle, from initial acquisition underwriting and back-of-the-envelope analysis through detailed development pro formas, lender models, closing models, and post-closing asset management. Monthly model updates incorporate actual operating results, reforecast business plans, stress test investment assumptions, evaluate alternative sale scenarios, and produce quarterly investor reporting to support ongoing portfolio management.

The Results

The partnership has provided Garages of America with an integrated financial platform supporting commercial real estate underwriting, financial modeling, capital markets execution, fund management, and asset management through a single relationship.

Since the engagement began, more than $108 million of development financing has been successfully closed across developments in Garland, Tarpley, and Frisco, while acquisition underwriting and financial modeling have supported new investment opportunities from initial evaluation through closing. Ongoing asset management modeling, fund operations, and investor reporting continue to provide the financial insights needed to support portfolio performance, investment decisions, and long-term growth.

The engagement demonstrates how an experienced outsourced financial team can provide institutional-quality commercial real estate underwriting, financial modeling, capital markets advisory, and asset management services without requiring additional internal headcount, allowing developers to scale efficiently while maintaining the analytical depth needed to execute complex commercial real estate projects.

Development Financing
Development Financing: $108M+

Ready to Execute With Confidence?

Partner with Foss to bring clarity, discipline, and insight to every stage of the investment process.

Ready to Execute With Confidence?

Partner with Foss to bring clarity, discipline, and insight to every stage of the investment process.