Real Estate Manager

PeterF Scherer

Email: *********@********.***

Address: P.O. 36720

City: Grosse Pointe

State: MI

Zip: 48236

Country: USA

Phone: 313-***-****

Skill Level: Senior

Salary Range: $200,000

Willing to Relocate

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

Peter F. Scherer

E-mail: **********@*****.***

Mail: P.O. Box 36720, Gross Pointe, MI. 48236

Phone: 313- 717-8898

An experienced and respected executive with over 30 years of business experience with marketing, credit and management skills. Proven abilities to achieve aggressive goals in a multi-cultural team environment.

Professional Experience:

November 2007 to Present- Midwest Center for Housing (not-for-profit organization)

Chicago, Illinois

President and Board Member- Focused on housing for disadvantaged youth and

revitalization of low income housing for communities affected by bank foreclosures.

Accomplishment:

Completed development of a new, (start-up) licensed group home for abused

and neglected youth in Warren, Michigan and received invitation for direct

State contract.

March 2002-November 2007- Employ America, LLC, Chicago, Illinois

Chief Financial Officer - Management of the company`s financial operations and risk management including the structuring of credit, equity and insurance facilities. Additional responsibilities included review of accounting operations and financial statements, engagement of outside accounting firms and attorneys, union negotiations,

oversight of payables and receivables and litigation management.

Accomplishments:

- Created the first multi-client syndication of employment tax credits and established the platform for the syndication to investors of an institutional offering of up to $100.0 million of employment tax credits. Attained institutional investor acceptance of a new syndicated tax credit product.

- Established financial operations and credit facilities for Employ America as a start -up operation. As annual revenues rose to over $7.0 million, $1.0 million of employment tax credits were earned and sold to investors

- Restructured financial statements to report segmented operations and unreported transactions. Maintained credit facilities during five years of operating losses and

two (2) years of loan defaults.

- Streamlined owner`s unprofitable businesses which included resolution and reduction of payables and accelerated collection of receivables.

August 1997-March 2002- White Star Partners, LLC

Affordable Housing Preservation Foundation

(not-for-profit organization), Chicago, Illinois

President, Principal and Board Member- Responsible for start-up, restructure and

ongoing operations focused on the development and rehabilitation of 1000 units

of low income housing and commercial real estate

January 1982-August 1997- The Sumitomo Bank, Limited, Chicago and New York

Joint General Manager - Responsible for $6.0 billion national portfolio of loans and letters of credit and a staff of 40 professionals in the areas of Municipal Finance, Asset Backed Finance, Education Finance, Project Finance and Real Estate Finance. Additional responsibilities included review of credit analysis, maintenance of existing accounts, establishing new profitable relationships through the creation and marketing of new structured finance products, loan workout and restructuring, engagement of outside professionals including attorneys and accountants.

As an established industry leader in structured finance, profitability goals were met with

-0-, Zero, Loan Loss ratio over 15 years, with no lender liability litigation

Education:

University of Chicago, Chicago, Illinois

Master of Business Administration, MBA, Finance

University of Michigan, Ann Arbor, Michigan

Bachelor of General Studies, BGS, Finance, Accounting, Economics and Politics

Affiliations:

Prior Memberships, Union League Club of Chicago,

University of Chicago Graduate School of Business Finance Group

Parishioner of St. Clements Church, Chicago

Prior Board Memberships, Charles Hayes Family Investment Center

Access Community Health.

Personal Profile and interests:

Born: Toronto, Canada Citizenship: Dual US & Switzerland

Marital status: Single Health: Excellent

Open to relocation or travel assignments

Enjoys: golf, skiing, reading, hiking, sailing

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