Real Estate Manager
Resume:
Michael A. Raganelli, MAI
New York, NY 10025
*********@*********.***
Executive Summary
Seasoned commercial mortgage banker and member of the Appraisal Institute
with over 25 years of valuation, lending, and asset management expertise.
Core Capabilities
- Commercial Mortgage Lender with over 13 years of experience.
Portfolio experience with New York Life, Chase Manhattan Bank, and KBC
Bank NV (Belgian). CMBS experience with a NYC due diligence firm
serving Wall Street and Morgan Stanley.
- Member of the Appraisal Institute; MAI designation awarded in 1993.
- Successful Entrepreneur, past owner & operator of an appraisal and
consulting company operating in New York City from 1987 through 1995.
Clients ranged from local & national major banks to the RTC and the
Federal Government (GSA). Extensive valuation experience during the
early 1990's economic downturn.
- Expert in bad debt and property workout analysis: Chief Asset Manager
for a New York City property owner and management firm.
- Subject matter expert on the appraisal and financing of real estate:
Chair, Valuation Studies, New York Real Estate Institute, 1999 to
Present; Faculty member of Baruch University's Steven L. Newman Real
Estate Institute; Certified and Approved Appraisal Institute
Instructor; Published Author: created and produced the In Layman's
Terms column which appeared regularly in the New York Post from 1996
to 2001; acknowledged by New York State as an Expert Witness on Real
Estate matters; former Appraisal Institute Ambassador to the Russian
Federation.
Professional Experience
KBC Bank NV - New York, NY
2007-2009
Vice President / Account Manager
KBC NY, the US branch of Belgian Bank, KBC, the number 1 rated financial
institution for Tier 1 Capital assets. Recruited from Morgan Stanley as
Senior Originator & Underwriter of portfolio-based commercial loan
transactions. Deal size ranged from $17 million to $130 million. Direct
borrower / broker contact; control of transaction negotiation; development
of deal structure and pricing.
Secondary responsibilities included the account management of a $550
million commercial loan portfolio against collateral assets of
approximately $755 million.
Morgan Stanley - New York, NY
March to September 2007
Fixed Income - Senior Underwriter
Senior Underwriter for CMBS loan transactions. Responsibilities include
sizing real property loans ranging from $2 million to over $50 million.
Completed due diligence work on approved transactions for funding.
Secondary responsibilities included portfolio review and education of
entry-level underwriters.
New York Life Investment Management LLC - New York, NY
1998-2006
Second Vice President - Portfolio Lending
Sustained record of underwriting performance with a personal annual deal
average of $90 million. Direct borrower / broker contact; control of
transaction negotiation; development of deal structure and pricing; and
preparation of both application and commitment documentation. Full
capability with Forward Commitment Structure, and Letter of Credit
Transactions. Loan size ranges from $15 to $100 million.
Secondary responsibilities include analysis of potential acquisitions for
company investment, interim portfolio maintenance and restructures, A/B or
Mezzanine Financing, 1031 tax exchange transactions, and floating rate
participation investments.
Michael A. Raganelli
page 2
Rosin & Associates, Inc. - New York, NY
1997-1998
Director of Valuation Services - Appraisal and Due Diligence Services
Due diligence on conduit mortgages, with firm averaging approximately $1
billion in loan transactions annually. National exposure on transactions
by the largest conduit lenders in the United States.
Responsible for the management of all appraisal services: solicitation of
new business; management of appraisal staff; training of junior appraisers
and underwriters; review of appraisal and consultation product; and
research and preparation of RFPs to the industry. Also responsible for
Public Relations and Marketing.
Sylvan Lawrence Company, Inc. - New York, NY
1995-1997
Director of Research & Analysis - Marketing and Asset Management
Direct report to the Chairman, CEO, and Executive Director of the firm.
Responsible for the execution of all financial projections on potential
leases, sales, and acquisitions for the firm; all internal valuation
services for the firm, and analytical support in acquisitions and sales of
assets for the firm.
Secondary responsibility for the publication of Sylvan Lawrence Report, a
quarterly summary, and the Sylvan Lawrence Market Spotlight, a monthly
summary of market conditions and growth indicators.
Raganelli & Associates, Inc. - New York, NY
1987-1995
President - Appraisal and Consulting Services
Valuation services on all property types in the tri-state area. Client
list ranged from other appraisal companies on a contract basis, to banks,
lending institutions and the RTC.
Extensive experience in execution of tax certiorari appraisals, valuation
of Department of Housing Preservation & Development subsidized residential
projects, mortgage workout procedures, and J-51 tax abatement valuation.
Chase Manhattan Bank, N.A. - New York, NY
1986-1987
Due Diligence/Valuation Officer of the Bank - Construction Lending
Valuation
Valuation and feasibility analysis of new projects for construction
financing, as well as valuation of existing real estate to support
collateral and asset management; covered all types of commercial
properties on a national basis.
Bank of America - New York, NY
1984-1986
Associate
Fee appraisal work for mortgage finance, acquisition, syndication finance,
estate valuation, new construction feasibility analysis, and liquidation.
Education
New School University - New York, NY - BA in Liberal Arts
Pace University - New York, NY - Business Administration
Professional Designations
CERTIFIED GENERAL REAL ESTATE APPRAISER, STATE OF NY
Licensed New York State General Appraiser
MAI, Member of the Appraisal Institute
Expert Witness on Real Estate Matters in State of New York
Licensed New York State Real Estate Salesman
Licensed New York State Teacher
Volunteer Experience
Committee Chair and Chief Editor - 2005, 2006 Metro NY Appraisal Institute
Chapter Quarterly Newsletter
Treasurer for the 360 Central Park West Tenant's Association. Member of
the Executive Committee since 1991.
Volunteer, 2009 Campaign to Elect Richard Aborn Manhattan District
Attorney, personal friend.
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