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Click here or scroll down to respond to this candidate5500 Clear Creek Dr., Flower Mound, TX 75022C: PHONE NUMBER AVAILABLEE: EMAIL AVAILABLECandidate's Name
SUMMARY: Manager and team leader with more than thirty-five years of asset management, workout, servicing, construction, underwriting, due diligence, and lending experience. Responsibilities have covered equity and loan portfolio management, bankruptcy, litigation oversight, foreclosure, and post-foreclosure turn-around to disposition efforts. Experienced in monitoring loan agreements, handling difficult defaults and litigation, reviewing funding requests as well as spreading / reviewing monthly property financials. Passion for delivering innovative, collaborative, multi-disciplinary solutions to achieve individual asset and portfolio objectives. Desire to create success in the midst of challenging situations through collaborative team-centric solutions. CORE COMPETENCIES:Asset Mgt / Servicing Resort Design / Entitlement Renovation & Value-AddDifficult Complex Assets Workout, REFI, Extension UW & DDPortfolio Management Pre-development to Development Afford & Conv Housing, Foreclosure / Transition Litigation / Expert Witness Financial AnalysisPROFESSIONAL EXPERIENCE:MAPLE STREET 2023 to PresentPresidentSelf-employed private contractor bringing a broad skillset to commercial real estate problem solving. In addition to work out and foreclosure, conduct site inspection, appraisal review, entitlement and survey/title review, private security evaluation, pre- development to construction oversight, as well as accounting and financial statement analysis. Easily modified to fit the assets unique needs. Special situations to full multifamily turn-around/value-add. Work with large investment funds to family offices, both lenders and investors. Responsibilities focus first on asset issues, then corrective measures, including safety & security, then putting together the collaborative focus teams, their next step plans, while overseeing these teams meet schedules and objectives with weekly calls and monthly site visits. SITUS AMC, Fully Remote 2020 to 2023Vice President / Asset Manager Loan ServicingResponsible for a large portfolio of complex credit investments, including multifamily, mixed-use, office and industrial properties for one of the firms more significant clients, Apollo Global Management. Worked to help Apollo/Situs transition to new reporting platform (Real Insights) while managing a >$1.2 BN Loan Portfolio in various stages of development to fully-stabilized requiring significant sponsor coordination, property inspection, title review and monthly funding. Majority of assets in trap adding to the complexity of servicing. Responsibilities included monitoring loan agreements, covenants, future funding, disbursements, preparation of quarterly asset reviews (QARs), reviewing and approving monthly financial reporting/budgets, and interacting with third-party lenders and consultants including attorneys, inspectors, title agents, brokers and sales agents; coordinating communications between multiple stakeholders including borrowers and lender partners, as well as internal and clients asset management team.FORTRESS INVESTMENT GROUP, Dallas 2008 to 2020Vice President / Senior Asset ManagerResponsible for a large complex portfolio of credit and equity investments backed by multifamily, retail, office, hotel, industrial/flex and foreign resort development property. Required extensive travel and interaction with partners, consultants, appraisers, general contractors, and brokerage community. Oversight included mentoring junior asset managers and associates, while monitoring the adherence to loan and JV agreements, tracking business plans, evaluating monthly reporting, and managing litigation. Position required collaborative organizational responsibilities across a multitude of internal company platforms, including external third party consultants, architectural, design, construction, valuation, leasing & sales teams, and legal. Responsibilities also covered defensive litigation, expert witness, depositions and mediation. Example: managed the 12-year foreclosure, take-over, full entitlement and sale of a +1,000 acre development located at the tip of the Baja, southwest of Cabo San Lucas. Initiated as a participant loan with Lehman, the defaulted loan required multiple lawsuits to gain control and foreclose. Spent 5 years re- engineering the site to secure development entitlements for three hotels, golf and several hundred residential lots, before marketing and selling as a development-ready site. Buyer developing project as Oleader. J4 DEVELOPMENT, LLC, Dallas, TX 2005 to 2008FounderCo-founded a Multifamily construction firm focused on renovation and value-add. Utilized existing business relationships (owners, equity firms, family offices and management firms) to grow the firm rapidly before selling my interest in 2008. Initially focused on large exterior projects, transitioning to include unit renovation and full-property restorations. As chief operating officer, managed client development, banking and credit. Grew to $6MM in sales by end of year 3. WINDSOR CAPITAL became DOMAIN COMMUNITIES, Dallas, TX 2001 to 2004 Director of Asset ManagementCreated an asset management and acquisition routine and platform for an investment banking firm (Windsor) that took over asset management of seven properties for a 501c3. Efforts resulted in the acquisition of an additional twelve communities (bringing total to >4,000 units), located in TX, OK and AZ. Platform renamed Domain Communities. Acquisitions required full compliance assessment in addition to normal DD and UW as each was funded with Tax Exempt Bonds. GOLDMAN SACHS (JE Robert Company became ARCHON GROUP), Dallas, TX 1994 to 2001 Vice President Senior Asset MangerLoan Workout role between joint venture partners JE Robert and Goldman Sachs. Responsibilities included workout/foreclosure of distressed debt acquired from banks, insurance companies and private lenders. Position expanded to include underwriting loans for acquisition, REO management, value-add renovation, stabilization, and disposition. Over time, managed and sold more than 15,000 units located in AZ, TX, LA, CO, OK, KS, AR, MS, AL, FL, NC, SC, TN and GA. Much of the portfolio required mark-to-market of HAP Contracts and tenant relocation, prior to completing extensive property renovations and upgrades. FLEET BANK (RECOLL Management), Boston, MA 1991 to 1994 Vice PresidentResponsivities included work out and foreclosure for the failed Bank of New England, following its acquisition by Fleet Bank. Assets included commercial mortgages to credit and warehouse lines. In all, responsible for more than 60 loan relationships with more than 150 assets. Properties located across Northeast and Midwest. Responsible for lending relationship, financial reporting and litigation oversight. Given many of the relationships were participated to/from other regional banks (many of which had failed), required management of participant bank relationships and continual FDIC mediation to monitor the flow of property cash flows and disposition proceeds.VARIOUS BANKING AND BANK EXAMINATION POSITIONS 1985 1991 ACADEMIC: Texas Tech University 1981-1985BS Agricultural EconomicREFERENCES: Available on request. |
