Stephen Pereff

My father was an electrical contractor — he owned a Tulsa, Oklahoma-area firm of over 300 employees, making him one of the largest MEP contractors in the nation. His firm completed projects for condominium and multifamily builders in the early 1980s, with 7,000+ units and over 1,000 acres developed. I was on those sites from the time I was five years old. Standing next to the people who made those buildings happen, watching how a piece of raw land becomes something people call home — by then I already knew the building life was meant for me.

The development side came later, from Bill Anderson — the developer behind the “Mansions Apartments” brand in Texas. Bill taught me how to negotiate with cities and structure 40-year fixed-rate non-recourse apartment loans through HUD programs that go up to 98% LTV — GNMA-backed securities with AAA credit enhancement. Government-grade financing structures that most contractors have never heard of, let alone used. I didn’t just learn the mechanics — I built projects this way, navigated the full year of HUD review, and closed. Twenty-five years later, those relationships with healthcare bank underwriters are still how I help doctors get deals done that their bank’s commercial lender can’t.

I founded Pereff Development Group in October 2011 to bring all of it under one accountable team. Twenty-five-plus years of commercial construction experience and real estate development — design, permitting, financing, and construction — without the hand-offs, the consulting fees, or the assembled team that doesn’t talk to each other. We call it the One Source Solution. No competitor offers it the same way, because no competitor has the RE development background to do what we do at the financing and city-negotiation level.

At 53, I’m personally on every project, every week. I walk each site looking for quality issues and ways to expedite the schedule. Every project has its own designated superintendent — first on site in the morning, last to leave at the end of the day. That’s the right way to do this. I know how much a doctor makes per operatory per month. I know what it means when we miss their open date. We don’t miss open dates.