James C. Oser

*** ***** ****** ******

Philadelphia, PA, 19147

609-***-****

abhios@r.postjobfree.com

. commercial real estate executive with broad knowledge of Multifamily

Housing.

. Specialized experience in multifamily and healthcare, including Fannie

Mae, and FHA securitization.

. Proven effectiveness on transaction level, as well as program

development/Property management, client relations.

Professional Experience

chambers Street Associates, Philadelphia, Pennsylvania

Principal 2006 - Present

Workout and development advisory services for housing and healthcare

sponsors. Principal in the development of a retail center in Princeton,

NJ, and housing complex for the physically disabled in Bensalem, PA.

Arranged new construction and refinancing of projects in Florida, New York,

Wisconsin.

. Developed and implemented strategic plan for $250 million non-profit

sponsor of affordable housing for the disabled.

. Arranged $32 million acquisition/bridge financing for a skilled

nursing facility/adult daycare center and nursing home in New York.

. Have originated or drafted underwriting for six Section 232 loans, and

more than 10 apartment projects.

. Contract underwriting analyst for Wells Fargo Multifamily Capital and

PNC Multifamily.

Capital Source Mortgage Finance, Bethesda, maryland

Senior Vice President 2005- 2006

Recruited to lead CSMF's entrance into conventional and affordable

multifamily housing. Supervised the underwriting and processing of

healthcare and conventional multifamily transactions.

. Our group closed over $100 million of mortgage financings in less than

one year.

Quaker Capital, Voorhees, New Jersey

2001- 2005

Vice President

Restaffed/rebuilt a dormant FHA lender to specialize in conventional

multifamily finance, healthcare, seniors and affordable housing.

Established Fannie Mae-DUS correspondent relationship,

. Created only non-governmental affordable housing lending platform in

NJ area.

. Originated over $75 million of new business.

chambers Street Associates, Princeton, New Jersey

1998-2001

Principal

Specialized in debt and equity placements of commercial real estate.

Consulted on and advised clients in process management and troubled loan

workouts. Conducted due diligence assignments of national real estate

portfolios.

. Successful turnaround of four troubled project loans.

. Financed $50 million of mortgage debt,

. Underwrote/closed $37.5 million of equity as consultant for JER

Hudson, an LIHTC equity syndicator.

. Arranged $50 million investment in LIHTC portfolio of Northeastern

properties by major regional bank.

. Placed $15 million of FHA and Fannie Mae loans.

. Principal in the startup of an internet-based transaction management

company, specializing in commercial and multifamily real estate.

James C. Oser (continued)

Dynex Commercial, Inc., Richmond, Virginia

1997-1998

Senior Vice President

Developed mortgage conduit for tax-exempt, bond-financed multifamily

housing. Created program design, underwriting guidelines, closing

procedures, and staffing plan. Closed over $50 million of tax-exempt bond

commitments during first year of program's existence. Company suffered a

downgrade in its credit rating which made the program infeasible.

GMAC Commercial Mortgage, Princeton, New jersey 1992-1996

Lexington Mortgage Company, Princeton, New Jersey

Vice President.

Lexington Mortgage was a full service commercial mortgage banking firm that

was sold to GMAC in 1996. Lexington led in the development of securitized

hotel and shopping center loans. It also provided real estate advisory

services to acquirers of higher risk commercial mortgage securities.

. Restructured $90 million in FHA-insured multifamily loans and

originated another $220 million of new loans. Conducted asset audits

and underwrote national portfolios of mixed commercial real estate

pools, and hotel loans. Supervised a staff of three.

Citadel Mortgage Company, San Antonio, Texas

1989-1991

Executive Vice President and Chief Underwriter.

Managed underwriting and servicing of Fannie Mae/Freddie Mac loans and

served as Chief Underwriter for FHA Co-Insurance lending.

. Reorganized business operations and trained staff. Within two years,

company was originating loans at rate of nearly $150 million annually.

. Obtained a consulting contract for Citadel to underwrite Housing Tax

Credit allocations on behalf of the Texas Housing Agency. Supervised

a staff of 30 and a portfolio of $250 million.

Fannie Mae, Northeast Region, Philadelphia, Pennsylvania 1984-1989

Investment Officer.

Underwrote and negotiated multifamily mortgage loans, including new

construction, rehabilitation and conventional financing. Worked

extensively with state and local housing agencies, mortgage lenders,

investment bankers and bond counsel. Supervised team of three.

. Involved in the creation of Fannie Mae's successful DUS program, as

well as its tax-exempt multifamily housing bond program. Developed

and implemented regional operating procedures. Helped to develop

marketing plan for the bond program

State Of New Jersey, Division of Housing, Trenton, New Jersey

1979-1984

Continental Wingate Company, Boston, Massachusetts 1978-1979

Boston Housing Authority, Boston, Massachusetts 1975-1978

Professional Activities and Certifications

Approved as HUD MAP Program Underwriter; Property Management Certification

from the National Center for Housing Management; Approved as Fannie Mae

(DUS) Chief Underwriter and FHA (Co-Insurance) Chief Underwriter; Served as

Chairman of local School Board's capital building committee; Graduate of

New Jersey Certified Public Managers Program; served on faculty of Mortgage

Bankers Association's "Income Property School" at University of Florida.

Education

B.A., Lake Forest College, Chicago, Illinois

Roosevelt University, Chicago, Illinois. Completed coursework for M.A. in

Public Policy.

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