Real Estate Project Manager
Resume:
Stephen Joseph Swiecicki
Costa Mesa, CA 92627
**********@*****.***
Summary: Finance professional with extensive commercial real estate and
financial services experience. Expertise in principal investment, lending,
asset management, and capital markets advisory services for real estate
operating companies and assets.
EXPERIENCE:
SJS Capital Advisory, San Diego, CA - Consultant
(Commercial real estate advisory)
9/2009 - PRESENT:
. Responsible for capital markets origination, underwriting, loan placement
and closing for commercial multifamily properties
. Work with existing clients on the advisory of their distressed real
estate assets for lender negotiations of forbearance agreements,
discounted payoffs and prepayment waivers.
. Sales advisory for investors acquiring both distressed real estate assets
and performing /non-performing notes held by commercial real estate
lending institutions.
. Third party due diligence, underwriting, and JV consultant for a San
Diego based student housing investment and management firm.
Meridian Capital Group, LLC, San Diego/Chicago/Boca Raton - Co-Director
/Sr. Underwriter & Originator
(Commercial loan origination and debt brokerage group)
3/2006 - 9/2009:
. Managed an office of nine commercial loan originators and one junior
underwriter with the responsibility of analyzing credit, underwriting,
loan placement, and the closing of commercial multifamily, office,
retail, industrial and hotel properties.
. Originated, sourced, structured and executed financing transactions,
including permanent and interim first mortgage, and mezzanine loans for
real estate assets
. Developed and managed relationships with various Conduit, Fannie Mae,
Freddie Mac, local bank and other institutional CRE investment lending
intermediaries for permanent, mezzanine, bridge/rehab, and construction
loans.
. Maintained and managed the relationship with the Chicago branch of
Meridian's internal Fannie Mae DUS group (Sovereign Bank), as well as all
Chicago area based commercial multifamily originations for the bank.
. Engaged and interviewed borrowers to gain up front clarity on
transactions to optimally anticipate and mitigate lending obstacles and
access optional loan placement scenarios.
. Interpreted and analyzed rent rolls, property operating statements,
leases, pro formas, due diligence packages and appraisals to construct
loan summaries highlighting transactional details in order to secure
optimal financing structures and terms from prospective lenders.
. Performed on-site visits to evaluate and assess property and market
conditions.
. Negotiated with lenders to secure loan commitments resulting in repeat
business and solid relationships with both lenders and clients.
Coordinated and monitored the third party due diligence process to assist
and ensure the closing of the transaction in a timely and acceptable
manner.
. Implemented training programs for new and existing originators teaching
the foundations of commercial lending, the changing industry landscape,
and new lending options/programs available to clients.
. Increased loan closings of the Meridian Chicago office from $100MM to
$250MM within first year of managing the office.
. Personally originated and closed over $86MM of loans.
LNR Partners, Inc., REFSG, Miami Beach, FL - Asset Management Analyst
5/2004 - 12/2005:
(Purchaser of non-investment grade Commercial Mortgage Backed Securities /
Special Servicer)
. Responsible for the property level underwriting, valuation and risk
profiling of new CMBS loan acquisitions collateralized by hotel, office,
retail, multifamily, mall, industrial/flex, and healthcare properties, as
well as the underwriting of new investment opportunities in various other
debt products including B-notes and distressed debt portfolio purchases.
. Due diligence responsibilities included the review of financial
statements, legal documents, appraisals, environmental reports, Smith
Travel reports, market reports, seismic, property condition reports,
property inspections, as well as consultation with local area brokers.
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. Processed Special Servicer consents for transactions including
assumptions of debt, transfers of equity interests, lease consents,
defeasance requests, collateral releases, secondary
financing/mezzanine/preferred equity requests, easement approvals,
eminent domain seizures and property management changes. Responsible for
the review of loan legal documents, 3rd party reports, and pooling and
servicing agreements.
. Served as a liaison between borrowers, legal counsel, rating agencies,
and Master Servicers for transaction negotiations.
. Worked closely on the analysis/processing/legal documentation of major
REIT mergers (GGP/Rouse, Cornerstone/ Colonial).
. Facilitated in the analysis, formulation and execution of workout
strategies on complex non-performing loans backed by various commercial
real estate asset types by way of forbearance agreements, foreclosures,
note sales, bankruptcy redemptions, discounted payoffs, prepayment
waivers and asset dispositions.
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. Created financial projection models to determine the most valuable method
of workout strategy on a NPV basis.
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. Worked with internal REO members and numerous national brokerage firms on
the execution of property dispositions and note sales.
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GMAC Commercial Mortgage / Hospitality Industry Division, Washington, DC -
Analyst 9/2001 - 4/2004:
(Origination, underwriting, asset management, and capital markets group
specializing in hospitality/golf lending)
. Responsible for tracking monthly revenue and operating data for GMACCM's
($1.5 billion-dollar +- portfolio of conduit, bridge, and mezzanine hotel
and golf loans.
. Performed data analysis for risk rating purposes and the identification
of risk trends and potential mitigants on an individual loan basis, as
well as across the portfolio for use in the preparation of monthly
reports for both upper management and various servicing department
divisions in order to highlight overdue and problematic loans within the
portfolio.
. Conducted secondary audits of loan documents and credit memorandums to
determine that escrow adjustment dates and amounts, principal and
interest payment schedules and other limitations set forth during the
original loan underwriting are correct, as well as to ensure that new
loan setups are properly completed. Post-closing responsibilities
included maintaining financial data, ensuring compliance with net worth
covenants, tracking post-closing repairs for satisfaction of any
outstanding documentation, and conducting site visits for existing loans
to ensure compliance with post-closing requirements.
. Served as a liaison between various parties, including borrowers,
servicing, and investor reporting used for facilitating the analysis and
exchange of specific portfolio data between underwriting and capital
markets groups throughout the loan origination, underwriting,
restructuring and securitization processes.
. Implemented and organized a new portfolio-wide initiative to track the
annual variations and status of guarantors' net worth, outstanding
property lease amounts, permits and licenses, franchisor quality
assurance scores, budgets, marketing plans and audited financial
statements.
. Project manager for development and implementation of an Access database
designed to generate variable monthly reports from existing variable and
static loan origination, underwriting and asset management data for
internal corporate and independent investor reporting purposes.
EDUCATION :
Virginia Tech
May 2000: Bachelor of Science in Finance; December 2000: Bachelor of
Science in Management
LICENSES - *Licensed California Real Estate Salesperson
COMPUTER SKILLS: CoStar, Windows XP, Word, Excel, Access, Powerpoint,
Project, CoStar
Programming languages: C++, COBOL, HTML and Visual Basic.
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