OUR HISTORY

The Finch Group (“TFG”) was founded in Boston, Massachusetts in 1981 before relocating to Boca Raton, Florida in 1997.  Over the past 30+ years, TFG and its principals have established a solid track record of successes and deliverables.

TFG controls a group of associated single-purpose entities, each of which handles an aspect of the development, ownership and/or management of: (1) government assisted, affordable and/or market rate residential properties; (2) hospitality properties; or (3) commercial properties.

The experience and expertise gained from a combination of the development and marketing skills associated with the higher-end residential rental and ownership product, and 40+ years of its principals developing and operating subsidized housing, gives TFG  the broad knowledge base that is required in understanding the development challenges in today’s mixed-use communities.

From 1981 through 1996, when TFG  was located in Boston, it was involved with over 10,000 condominium units ranging from affordable ($40,000) to luxury ($3,000,000, using 1996 valuation).  In 1996, when TFG’s condominium division was sold, TFG was the largest operator of condominiums in New England.  Today, the cumulative valuation of the properties in which The Finch Group was involved exceeds $2 billion.

TFG has also been involved in the development and operation of over 60 affordable, subsidized properties, containing (i) over 10,000+ units, (ii) One-half Billion dollars in debt and (iii) $200M+ in equity.  Those developments have involved the use of many governmental programs designed to assist in the development and operation of affordable housing, including: the U.S. Department of Housing & Urban Development (“HUD”) BMIR, 221(d)(3), 221(d)(4), 223(f), 236, 241, HOME, Rent Supplement, Rental Assistance Payments, Section 8 (in all its permutations), and Upfront Grant programs; the low-income housing tax credit authorized by Section 42 of the Internal Revenue Code (“IRC”); IRC Section 103 tax exempt private activity bonds; and the IRC historic tax credit; and various state programs, including the structuring and closing of the first New York State Project Retention Loan in June, 2005.

Since 2007, TFG and/or its principals have developed over $300M of higher end residential product for its own account or in Mr. Finch’s capacity as a President of a not-for-profit.

A significant part of TFG’s success can be traced to its principals who have an in depth knowledge of financing and development structuring, and who have worked together, and relied upon each other, for years.

The particular strength we have as a group is based on our diverse but very complementary experiences and talent.

From day one, TFG positioned itself on a foundation of expertise, experience, integrity and trust.  Throughout nearly four decades, these same key principles have been applied to every aspect of the operation, helping shape and solidify TFG’s impressive track record in evaluating, developing, rehabilitating, marketing, and managing everything from affordable multi-family residential to mixed-use properties. This entrepreneurial approach to implement well thought out business plans, on a property specific basis, that realistically reflect the strengths and weaknesses of each individual situation, is one of the fundamental aspects that sets TFG apart.

As of July, 2015 TFG owns and/or operates for its own account and with equity partners:

  • 2,453 multifamily units costing approximately $285M
  • 280,000 square feet of office buildings located in Boston, Massachusetts with a current market value of about $140M.
  • 332 hotel rooms with an appraised value of $30M.

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