Manager Real Estate

Gary A Carney, MBA Residence 510-***-****

Castro Valley, CA 94546 Email:

*****@*******.***

Position: Workout Specialist (Job # JOB ID#10851)

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CAREER SUMMARY:

A dynamic individual that's had increased responsible and management

experience in the field of commercial and multi-family real estate. He

offers financial management to the public, partners with brokers and

owners to finance commercial complexes, manages a portfolio of commercial

loans and has experienced the day-to-day responsibility of being an on-

site building manager. Experience for this position has been as a broker,

several Vice President Positions in real estate finance at top tier

financial institutions with degree in accounting and MBA in finance.

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CAREER HIGHLIGHTS:

Business Management:

. Gained broad based management experience throughout a successful

15+ year career of real estate management and analysis.

. Served as part of an executive team, providing decision making on

complex financial transactions and customer service issues while

managing a portfolio.

. Direct responsibility for a portfolio of lending relationships

which have been assigned a classified risk rating

. Determining strategy and monitoring the loss mitigation process as

applicable to relationships assigned

Financial Services:

. Negotiated leases and opened two new offices as a Regional Vice

President.

. Negotiated the sale of REO.

. Responsible for development of yearly budgets, reports on revenue

generation, profitability and variances.

. Conduct market surveys on an ongoing basis.

. Monitor capital expenditures, maintenance expense and complete

service requests.

Sales and Marketing:

. Utilized proactive marketing skills, for occupancy strategies and

business development.

. Managed real estate for corporate and individual investors.

. Maximized customer satisfaction by developing customer-oriented

solutions. Provide follow-through in all aspects of the process.

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WORK EXPERIENCE:

2003-2009 Citibank

Portfolio Manager-Vice President

The primary task was to modify loans within the Commercial Real Estate

Finance Group. Recommendations are made for workouts or foreclosures,

assumptions, modifications, refinances and conduct problem loan management

activities. Initiate contact with borrowers of loans at risk for to discuss

modification or refinance options. Perform a complete a financial analysis

of borrowers, tenants, and property cash flows, conduct site inspections,

met with customers, prepared appraisals and memorandums for loan

committee's approval.

. Managed a portfolio of loans and reviewed assigned files leading to

increased revenues.

. Identifies borrower issues, expanded customer relationships,

recommend and execute plans.

. Collaborated and developed working relationships with Appraisal,

Legal, Processing, Loan Service, Compliance, Risk and Environmental

Departments.

. Prepared letters of interest, approval memos, commitment letters,

modification letters and forbearance agreements.

. Stay current on market trends interacting with appraisers, brokers

and property managers.

. Inspect properties, prepare valuations and recommend risk ratings on

reviewed loans.

. Analyze property financials to determine actual income, debts and

debt service coverage.

. Conducted loan servicing projects as requested and due diligence on

loan sales.

Accomplishments

. Helped establish the department as one of the initial members.

. Achieved goals as set by Senior Management; was top producer for

"Retention" in the office in 2007.

. Presented alternative terms to Management and Customers to achieve the

desired results.

. Promoted from Underwriter to Portfolio Manager in 2003.

2000-2003 Citibank

Multifamily/Commercial Real Estate Underwriter

Analyze commercial income property loan applications, on property in

California, Oregon, Washington, Utah, Idaho and Nevada.

. Analysis of historical property operating statements and prepared

proforma cash flows.

. Reviewed the terms of commercial leases and analyze tenants' financial

capacity.

. Review and analyze credit reports on borrowers and tenants.

. Review appraisals, title reports, environmental reports and other

documents relating to the property.

. Perform analysis of borrower's character, management capacity and

capital availability.

. Prepare a formal loan submission to committee which includes writing

a narrative report recommending, justifying and describing not only

the loan request but also the relevant and supporting information.

Accomplishments

. Helped increase the volume of new loans to achieve record

breaking production levels

1998-2000 CMAC and PMI

Contract Underwriter

Underwrite and approve loans to various investor guidelines including Alta

Residential, Countrywide, Citicorp, Chase, Crestar, RBMG, Nations and also

with Freddie Mac/Fannie Mae underwriting.

. Use proprietary software to underwrite and issue approval

commitments. Interface with management and the sales force to produce

a volume of quality transaction, which led to more business for CMAC

1997-1998 Washington Mutual

Underwriting Manager

Managed the Northern California Underwriting Department

. Responsible for eight underwriters and hired additional contract

underwriters.

. On a daily basis discuss solutions to complex loan requests with

eight Regional Sales Managers and their staffs. Resolve documentation

and funding issues.

Accomplishments

. Improved relations between Sales Division and Credit Division in

Northern California which led to a promotion, from Loan Center

Liaison Officer to Underwriting Manager

Prior Employment:

Loan Manager VP Home Saving of America

Regional Lending VP Coast Saving

Sr. Loan Officer AVP Bay View Federal

Property Manager Medzian & Maroot

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EDUCATION:

Masters of Business Administration, Banking and Finance, Golden Gate

University, San Francisco

Bachelor of Arts, Business Administration, Accounting emphasis, San

Francisco State University

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OTHER:

Graduate level property management classes Regulatory knowledge of

FAS 5, 114 & ALLL

Completion of sales negotiations course Member of Beta

Alpha Psi

Sales and credit training classes Proficient in MS Office,

McCracken, Strategy

Completion of R/E appraisal class Knowledge of

Argus

Seminars in foreclosure procedures On-site & off-site

property mgt. experience

Completion of real estate law class

April 1, 2010

Gary Carney

Castro Valley, CA 94546

Dear Hiring Manager,

I have skills and experience which you're seeking for this Workout

Specialist (Job # JOB ID#10851) Position.

For nine years I contributed to Citibank's Commercial Real Estate Finance

Group in San Francisco. I held several positions at Citibank which

involved underwriting borrowers and collateral creditworthiness, credit,

appraisal reviews, risk analysis including risk rating. As a Portfolio

Manager VP at Citibank loan analysis, modifications and refinance was a

largest part of my responsibility in addition to foreclosure and workouts.

During my tenure Citibank I held the positions of Underwriter, Asset

Manager, Portfolio Manager VP and Relationship Officer VP. Not only do I

have technical real estate skills but also have an MBA in finance and BA in

accounting. My practical experience in property management is also of help

with inspections.

In these positions I have become skilled in analyzing all kinds of

financial documents & statements, including reviewing borrowing entities

structures such as LLCs and corporations. I review/analyze loans and

evaluate credit risk. As part of the process I review the tax returns and

financial statements relating to the property and borrower, prepare

proforma cash flows, review the leases of the properties, tenant quality,

review title and legal matters which might affect the loan security. With

an understanding of appraisals I can evaluate the work of appraisers and

prepare valuations.

As a portfolio manager, I worked with existing borrowers to modify their

loans under the bank's commercial lending guidelines. I routinely work

with a number of departments within the Commercial Real Estate Finance

group including appraisers, attorneys, credit managers and closers. I

consider myself to having a broad exposure to commercial and residential

real estate lending. I Attached is my resume, but I would like to highlight

a few areas of special interest:

. Use analytical skills and good judgment, to conduct problem loan

activities.

. A team player to achieve common goals.

. Skills in leasing, administrating leases and review of existing

leases.

. Strong written and oral communications skills to interface

internal or externally.

. Analyzes operating performance of assess and markets in which

they reside to identify risks.

. Negotiate terms with clients and maintain good customer

relations.

. Proactively identify problem accounts through reviews and

maintain a watch list.

. Accomplishes goals within compliance of Federal, State

regulations and company policies.

. Highest goal achievement in peer group in San Francisco for 2007.

. Experience in Lending, REO, Workouts and Property management.

Please call me at your earliest convenience so I may share with you my

skills and enthusiasm for the Workout Specialist (Job # JOB ID#10851)

Position.. My number is 510-***-****. Thank you for your consideration.

Respectfully,

Gary Carney

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