Real Estate Project Manager
Resume:
Ronald L. Freudenheim
Silver Spring, Maryland 20910
******@*****.***
Summary: Mr. Freudenheim is a seasoned real estate work out consultant
whose experience includes all types of commercial and residential real
estate loans. He has provided loss mitigation and asset recovery services
to banks, private investors and units of government for more than twenty-
five years.
September 2009 to December 2010
Director of Operations
RER Solutions, Inc.
Herndon, Virginia
Project Manager for the firm's engagements with the Federal Deposit
Insurance Corporation, Division of Resolutions and Receiverships (DRR),
involving disposition of approximately 2,400 commercial real estate and ADC
loans with a book value of approximately $2.7 billion from twenty-three
FDIC receiverships and pre-closing due diligence for one open bank. Mr.
Freudenheim was responsible for project planning, staffing, reporting and
quality control of all deliverables. He developed and implemented
information systems and process improvements resulting in operational
efficiencies and cost reductions. Mr. Freudenheim managed a project staff
of approximately thirty professionals.
December 1985 to September 2009
President / CEO
Freudenheim Graves, Inc.
Silver Spring, Maryland
Mr. Freudenheim is a co-founder of a commercial real estate consulting
practice providing problem asset management services to banks, private
investors and government agencies. He has provided asset management
services for commercial real estate loans and REO totaling more than $6
billion. He has successfully negotiated and managed asset resolutions
involving ADC, commercial, residential and hospitality projects. He has
managed interdisciplinary teams of attorneys, accountants, architects, land
planners, builders, and marketing professionals.
As a long-term consultant to Trotter Kent, Inc. (now BNY Asset Solutions, a
business unit of the Bank of New York), Mr. Freudenheim played an integral
role in developing operating procedures, internal controls, accounting and
database systems to support the firm's acquisition and resolution of loan
portfolios from the Resolution Trust Corporation. Systems and procedures
developed were highly rated by Standard & Poor's and Fitch in connection
with TKI's rating as a CMBS Special Servicer. Mr. Freudenheim prepared
hundreds of financial analyses at the asset and portfolio levels. Mr.
Freudenheim completed the construction and sales of a failed high-rise
condominium project in Chicago, and advised the creditors' committees
overseeing the resolution of large complex bankruptcies and consensual
workouts involving more than $2 billion in commercial real estate.
Mr. Freudenheim led the operations of a commercial and ADC lending
subsidiary of First Federal of Annapolis (Delta Financial Corporation)
involving more than one hundred active projects. Mr. Freudenheim prepared
numerous financial analyses of troubled projects, developed resolution
strategies, negotiated with borrowers, attorneys, developers, builders and
marketing personnel and advised senior management on asset and portfolio
level issues.
Other bank clients have included Home Federal Savings Bank of Hagerstown,
MD; Meritor Savings Bank, Philadelphia and the NCB, Arlington, VA. Mr.
Freudenheim had direct responsibility for management leasing and
disposition of shopping centers, multifamily and hotel properties.
Non-banking clients included developers, builders, and investors in
Washington and New York. Services included underwriting analysis and
structuring of real estate acquisitions, project planning, preparation of
financing proposals, and obtaining acquisition and construction financing
for retail and office projects.
Mr. Freudenheim led the development of information systems to support the
asset sales program of the U.S. Small Business Administration involving
more than one hundred thousand (100,000) loans with a book value of over $4
billion. In this capacity, he solved serious operating and accountability
deficiencies by designing systems to support loan sale due diligence, third
party reporting, accounting and program evaluation.
Mr. Freudenheim provided Project Management services to the FDIC in support
of its litigation with Beal Bank by performing a financial analysis of
three loan sales associated with the resolution of Superior Bank (contract
number 04-001314-C-ST). He developed an effective operational plan for
sampling and evaluating compliance with lending standards and the impact of
interim loan servicing on the value of the portfolio.
Mr. Freudenheim provided Receivership Assistance Services (RAC) to the FDIC
through Quantum Partners involving the receivership of Miami Valley Bank as
a Team Leader responsible for developing financial analysis tools,
operating procedures and the automation of case memorandum preparation in
accordance with the appropriate delegated authority.
Mr. Freudenheim provided Project Management services to Thompson, Cobb,
Bazilio & Associates, Inc. (TCBA) for policy research and asset disposition
projects for the U.S. General Services Administration. Assembled and led
an interdisciplinary team charged with determining the optimal strategic
disposition strategy for a controversial parcel of government-owned
property in Jackson, Wyoming.
Mr. Freudenheim provided financial analysis and due diligence information
systems to the U.S. Department of Housing and Urban Development in support
of two asset sales and in the development of a strategic plan for
disposition of loans involved in its Mark to Market demonstration program.
Mr. Freudenheim advised HUD policy makers concerning the sale value of
these assets and their potential for achieving the objectives of the Office
of Asset Sales. In connection with a prior HUD contract, Mr. Freudenheim
led a conference on improving standards for underwriting multifamily
housing rehabilitation and provided technical training nationwide in
housing finance and program design.
November 1982 to December 1985
Vice President
First Maryland Financial Services Corporation
Silver Spring, Maryland
Mr. Freudenheim was responsible for originating monitoring and managing
real estate investments involving office, multifamily and single family
projects. He oversaw numerous new construction and renovation projects
totaling in excess of $230 million. He designed and implemented computer-
based information systems for loan/investment performance tracking and
property management.
Major projects included acquisition of multifamily and office properties
in Manhattan; residential condominium project development and acquisition
of existing apartment properties for renovation and syndication in
downtown Washington, D.C. and suburban Detroit.
Mr. Freudenheim supervised the turnaround of numerous problem loans and
real estate investments. He oversaw disposal of real estate assets and
REO property. Areas of direct responsibility included workouts of projects
in all stages of development construction, lease-up and management for
multifamily, office and commercial and land development projects. He
managed a staff of asset managers and loan servicing personnel.
Education
B. S. Cornell University, 1971
Masters in Regional Planning program 1973-76
Cornell University Graduate School, College of Architecture, Art, and
Planning
Planning Thesis Pending in Airport Impact on Land Use in Westchester
County, New York
Software Proficiency:
Microsoft Office Suite including MS Access (including VBA), Excel, Word,
PowerPoint, MS Project, Expression Web and Outlook, Argus, Lotus Notes,
Lotus 1-2-3, Lotus Agenda.
References are available upon request.
Contact this candidate