Experience

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  Sb ashley management

  Jul 1994 - Jun 1999

  Regional manager
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  Palms associates

  Mar 2000 - Mar 2003

  Regional manager

  Managed a portfolio of conventionally financed market rate communities.

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  Suntrust bank

  Aug 2003 - Nov 2004

  Regional asset manager

  LIHTC portfolio of 2000 + units with a value in excess of $200 million Conducted monthly property audits to critique property operations Increased occupancy by 12% in eight months for the entire portfolio Liaison between SunTrust CDC and management firms Oversaw 6 million dollar capital campaign for entire region Responsible for workout strategies for under performing assets Coordinated tax appeals utilizing third party vendor for 20 + assets Managed multiple partnership to ensure maximum asset performance Monitored all assets to ensure that all were in compliance with LIHTC program. Monitored all financials statements for portfolio Responsible for monitoring all lease ups. Successful in qualifying all units to gain tax credits for 700 + units. Show less

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  Wnc & associates inc

  Nov 2004 - Mar 2009

  Reviewed troubled loan assets and developed servicing strategies. Updated committee write ups and recommendations for management review and approval. Reviewed and analyze financial statements to determine restructure options. Assisted in retaining and supervising outside legal counsel, property managers, operations managers, and other third party consultants in bankruptcy, repossession, litigation and foreclosure of collateral assets. Managed all assets for designated general partner relationships to maximize value and maintain collateral position in coordination with underwriting plan. Lower-tier replacement general partner and workout. Designed and implemented various comprehensive turnaround plans with the owners, lenders, local and government agencies, supervised management agents directly or indirectly as needed during workout and worked to achieve the goals and objectives of the owners and investors. Reviewed all documentation related to the investment, including, but not limited to, management agreements, loan documents, partnership agreements, debt restructuring documents, loan modification plans , equity infusions / restructuring documents, regulatory agreements, audits and other sources to determine financing structures and constraints, including amortization of soft debt, refinancing parameters, recapitalization of reserves and cash proceeds for acquisition or distribution. Worked closely with general partner, lenders and property management staff to assess financial performance, monitor budgets to corporate benchmarks and monitor operational performance relative to long term strategic plan. Worked closely with the Vice President of Asset Management to monitor information including but not limited to Show less LIHTC portfolio of 5000 +/- units, 125 +/- Partnerships, located in fifteen (15) states with a value in excess of $400 million Responsible for preserving the value of Investor Equity and the stream of benefits associated with that investment Develop and maintain strong relations with lender representatives, management agents, local officials and General Partners in my assigned portfolio Manage reposition situations which include refinancing, general partner substitution, legal action, partnership restructuring, as well as Section 42 non-compliance issues Conduct 70-80 site visit evaluations annually. Completed 110 inspections in 2005 to resolve all outstanding property inspection deadlines which were inherited from previous asset managers Analyze annual audited financial statements; review and monitor quarterly operational reports, 8609's and tax returns Evaluate Partnership performance through pre-established benchmarks and recommend appropriate watch list actions Decreased watch list assets by 15% by accurately reflecting financial performance Work in conjunction with institutional investors, CPA's and General Partners to resolve upper tier partnership issues Integral team member responsible for increasing RTO collections by 20% each year since 2005 Work in conjunction with approx. 16 various management firms and multiple regional managers to communicate and address various asset challenges. Show less

  • Regional Director of Asset Management

    Apr 2008 - Mar 2009

  • Regional Asset Manager

    Nov 2004 - Apr 2008
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  Connecticut housing finance authority

  Feb 2010 - now

  Senior asset manager

  Supervised a staff of seven employees with an affordable portfolio of @ 300 properties/10,000 units Responsible for preservation of HUD Section 8 projects with a goal of 20 preservation deals in 2011 Negotiated and manage CHFA's Tax Credit Monitoring on behalf of the IRS saving $40K annually Formulated Asset Management policies on TCAP and Exchange financed projects Designed, implemented and instituted an internal watch list and workout group addressing distressed assets Successfully reduced funding of REO properties by $750K in first year of oversight Reengineered CHFAs internal Replacement Escrow processing Responsible for managing and presenting various restructures to internal loan committees, Board sub committees and the full CHFA Board of Directors Lead group of Senior Asset Managers and various other Administrators addressing modeling of distressed assets Served on internal committees addressing underwriting and asset management functions Organized bi-annual Tax Credit Compliance training for Developers and Managers for CHFA Held conference for owners and managers of Co-ops on new statutes for the state of Ct. Formulated post 15 year compliance policies for CHFA and their LIHTC portfolio Created and implemented Qualified Contract policy for CHFA Presented on CHFA's 2011 QAP to developers, agents, owners, investors and nonprofit service providers Wrote and implemented Qualified Contract policy for CHFA Show less