Pennsylvania-based full-service construction contracting firm offers option of financial assistance, deferred fees or arrangement of equity position on case-by-case basis
Hanover, PA (March 2, 2010) – Holland Construction, a Pennsylvania-based full-service construction contracting firm with offices in Maryland and Florida, has announced an innovative program that offers creative financial solutions and options to its customers. The “EF-10” package, which allows companies to choose construction financing arrangements, deferred fees or the establishment of an ownership or equity position in a project, is designed to jumpstart certain jobs that may have stalled due to the lack of adequate funding.
Company president Joe Holland terms the program a “mini-stimulus” project that is geared towards owners and investors of commercial office buildings and retail centers, healthcare facilities, public projects including schools and libraries, and a variety of other user-occupied projects. The final determination of the equity or financing model best suited to the customer will be decided on a case-by-case basis, he explained.
“Although we detect a loosening of the equity markets, obtaining adequate financing remains a key obstacle in the initiation and completion of many construction projects,” Joe Holland said. “We believe the EF-10 program will offer an attractive and compelling solution to certain companies, and allow them to move forward with their plans. Our ability to successfully implement this plan will benefit end-users, the sub-contractor industry and the overall business economy in our local markets.” he added.
Since 1907, the company has performed construction management activities for a wide range of office, industrial, retail, food service and residential projects throughout the mid-Atlantic and southwest Florida region. The company’s menu of services include preconstruction and construction management, general contracting, design/build services and Leadership in Energy and Environment Design (LEED) building.
In the past year, the company opened a satellite office in Columbia, Maryland and expanded its southwest Florida location. Past and current representative projects completed locally include the Arundel Mills Corporate Park, Baltimore Medical Systems, Weis Supermarkets and Frank Parson Paper Company. One key focus of the firm is to attract healthcare-related construction projects, as the company has achieved extensive experience in this area. The Arundel Mills Corporate Park project involved a variety of medical build-outs for physician groups and healthcare service providers.
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