SWD’s principals have consistently pursued a business plan that prioritizes the profitability of each project and have avoided the business model of simply pursuing higher market share which has allowed a concentrated focus on quality and profit maximization of each individual development project. Since its inception, not SWD nor any of its affiliates have defaulted on any recourse loans.

Over the years, Silverwing has honed its construction and administrative systems to provide maximum efficiency, thus enhancing the timeliness and effectiveness of the decision making process. The crucial functions of land/project feasibility, acquisition, finance, construction, customer relations, sales and marketing are controlled and managed by highly qualified members of the management team, thus ensuring maximum return on investment. A sampling of Silverwing’s project profiles is shown below:

• A 178-unit residential project in northern California that was rezoned through a General Plan Amendment to a high density residential. Silverwing additionally completed the tentative map, all housing design/construction plans and land improvement engineering plans which resulted in a final map. Silverwing bid and negotiated a land development contract and sold the project to a public builder at a profit margin multiple times the pro-forma.

• A 148-unit project in northern California was rezoned through a General Plan Amendment into a courtyard detached home development. The site was very contentious as there were several homeowner associations that originally were against the development but in the end each supported the project at the final hearing. Silverwing completed all housing design/construction plans, as well as the engineered site development plans which resulted in a final map. Wetlands delineation and mitigation plan was completed along with permits from Fish and Game and Army Corp. Silverwing bid out and negotiated a site development contract and sold the asset to a public builder at a profit margin numerous times the original pro-forma.

• A 157-unit residential project in northern California zoned as agricultural land was rezoned and annexed through the regional planning body (LAFCO) into the city with two distinctively different detached housing products–one of which included in-law units that could be separately rented to fulfill low income rental requirements. Silverwing resolved the site’s wetlands issues and obtained an approved mitigation plan from the state Fish and Game and Army Corp of Engineers and created an earthquake fault mitigation plan and established policy options to compensate the loss of agricultural land (in the first ever such agreement). Silverwing completed all design/construction drawings and site engineering as well as the final map. This project was sold to a builder at a profit margin in multiple of the original pro-forma.

• A 580-acre master planned mixed-use community in northern Nevada originally that was successfully annexed into the City with approval for 2,000 for-sale and for-rent residential units, a school, 7 miles of walking trails, 7 pocket parks, a 120-acre community park and the first-ever grey water system for irrigation. Silverwing undertook all entitlements, completed wetlands and archeological delineation and the respective permitting, oversaw all of the civil engineering, bid out and managed the completion of the backbone infrastructure and built out approximately 80% of the lots which were subsequently sold to local and national builders. Silverwing also vertically developed a 126-unit housing community and a 282-unit apartment complex. The apartment complex was later successfully rezoned into condominiums. This project was successful with two remaining parcels to be sold.

• A 338-acre master planned commercial development in Texas that we acquired as un-entitled land. Silverwing oversaw all of the projects entitlements, the civil engineering of the backbone infrastructure, the construction of such infrastructure and the sale of various pad sites. The project was successful with one pad remaining to be sold.