New York, New York, United States
Results-driven chief financial officer with extensive expertise in real estate, capital markets, and strategic financial management. Exceptional proficiency in acquisitions, multi-generation tax planning, tax strategy, financial reporting, liquidity forecasting, and investment management across a diverse set of asset classes.
• Created an integrated corporate budget incorporating all business entities, estates, and family trusts to manage near-term liquidity and long-term business strategy • Onboarded Ernst & Young for both corporate accounting and tax advisory, as well as family estate, trust, and individual tax planning • Negotiated a $161 million construction loan and renewal of a $100 million corporate line, allowing key real estate projects and corporate investing to proceed • Managed internal Fisher Brothers tax and accounting team, overseeing 12 full-time employees covering 10 real estate projects and more than 100 tax returns
• Managed personal portfolio of real estate assets and stocks • Rezoned property for higher use, eliminating lower value uses • Bought out LP interests from minority investors • Optimized tax efficiency of portfolio • Closed construction and permanent financings
• Directed internal and external accountants concerning financial statements • Maintained and facilitated banking relationships for both treasury and borrowing needs • Facilitated adoption of new accounting software (Yardi) resulting in better financial reporting and improved flow of information throughout the company • Initiated and oversaw new company 401k which reduced investment costs to employees by 90% • Worked closely with construction and accounting departments to prepare and submit budgets to HFA, HDC, and other entities involved in affordable housing projects • Prepared company valuation and representation of company net worth to counterparties
• Responsible for all TF Cornerstone banking relationships and sourcing all TFC financings • Manage multi-billion dollar loan portfolio including all issues relating to: servicing, extensions, covenant violations, loan modifications and interest rate hedging • Oversee all aspects of loan process – gathering bids, structuring transactions, negotiating loan documents and closing • Prepare quarterly updates to five-year company budget encompassing all cash flows and capital items for over 75 operating entities • Collaborate with Treasurer on capital-budgeting and liquidity planning • Evaluate the economics of each bid to determine appropriate leverage and duration • Negotiated numerous secured and unsecured lines of credit. Minimized borrower and guarantor liquidity and/or net worth covenants • Formulated and manage firms interest rate hedging strategies Achievements: 1. Closed over 43 financings totaling approximately $4.5B 2. Reduced legal expenses associated with financing by 50% 3. Arranged six-bank syndication for a $265M construction loan for an 820-unit luxury high-rise in Long Island City
• $165.4M fixed-rate construction loan for 394-unit luxury rental development located at Queens West. Loan contained earn-out provision upon meeting set Debt Service Coverage Ratios and LTV criteria • $148M permanent financing for a 498-unit luxury rental building in Queens West • $50M revolving line of credit secured by partnership interests in West Village property • $22M permanent loan on five retail condominium units located at 252 7th Avenue
• Assembled Hudson Yards development sites for one commercial and two residential buildings resulting in 1,229 apartment units. Commercial development site was successfully rezoned for over 1M sq. ft. • Represented company to NYC Department of City Planning and REBNY while Hudson Yards zoning was in drafting stage • Completed assemblage of Lower Manhattan development site resulting in an additional 189 units • Directed financial analysis for all prospective acquisitions