Real Estate Power Plant

Strong record of achievement with commercial real estate including equity and debt

f inancing. Experienced negotiator for acquisitions, financing, joint ventures and lease

negotiations, able to balance priori ties in a busy multi-tasking environment. A motivational

manager with concurrent focus on needs of teammates and third party professionals.

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ACQUISITION DUE DI L IGENCE, ANALYSIS & J OINT V ENTURE A ND F INANCING N EGOTIATION

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STRATEGY L EASE STRUCTURING A ND M OD IF ICATION

• M ARKET A ND F INANCIAL A NALYSIS

PROFESSIONAL EXPER I E NCE

EJWATER ADVISORS (REAL ESTATE CONSULTING) 2010 TO PRESENT

PRESIDENT

• Solicit real estate purchases, financing, joint ventures and investment

• Conduct due diligence and provide analytical support for real estate t ransactions and

l i tigation

• Advisory for workouts; private equity loans; acquisition due diligence; and loan

p urchase support.

• Recent projects include; (i) securing a $15 million private equity investor for land

assemblage, introducing potential land users including a power plant

developer/investor; and (ii) obtaining a $10 million bridge loan for a NYC development

s ite with structured ground lease.

F ONTAINEBLEAU RESORTS L LC, A VENTURA, FL 2005 TO 2009

V ICE PRESIDENT A CQUISITIONS & F INANCING

S tructured project financing for the Las Vegas and Miami Beach resorts. O rganized due

d iligence effort for investors in the Company and its hospitality and residential projects,

resulting in a $250 million equity investment.

• Secured signed agreements to establish joint venture investments exceeding $100

m illion. Negotiated t ransactional documentation including various leaseback and

related documents.

• F ully negotiated terms of a $400 million financing on an air r ights leased retail

component, permit ting the upstream of $205 million as equity for the resort financing

facilities.

• Structured a leasehold, with a reciprocal easement agreement, to enable development

of the retail parcel and the Las Vegas resort.

PH I L IPS INTERNATIONAL HOLDING CORP, NEW YORK, NY 2000 TO 2005

D IRECTOR OF A CQUISITIONS & F INANCE

M anaged financing effort for regional owner/developer.

• Coordinated the work of leasing, underwri ting and investors to maximize proceeds and

meet the requirements of retail, office and residential projects.

• Prepared financial analysis, coordinated due diligence and conducted negotiations.

• Reviewed and analyzed property sale packages and developed recommendations for

P rincipals

including funding and return characteristics.

• Solicited lenders for financing, including insurance companies, mortgage conduits,

banks, etc.

• Negotiated financing documents including leases, JVs, and in ter-creditor agreements.

• Conducted due diligence for acquisitions and financing for t ransactions exceeding $500

m illion in coordination with brokers, accountants and partners.

N ORTHMARQ (FORMERLY L EGG M ASON R E SERVICES), N EW YORK, NY 1995 TO 2000

SEN IOR D IRECTOR

• Advised institutional clients in the negotiation and restructuring of distressed loan

assets.

• Serviced portfolio in local market exceeding $500 million.

• Underwrote property cash f lows, established valuations, analyzed market r isks

and prepared strategic plans for L MRES investor clients.

• Coordinated underwri ting requirements and third party professionals to close

mortgage financing t ransactions.

• Negotiated mortgage loan terms and inter-creditor agreements as required.

• Cultivated relationships with brokers, principals for origination of new deal f low

for client lenders (e.g., Aetna, Cigna, Sun L ife).

F IRST N ATIONWIDE B ANK, FSB, N EW YORK, NY 1991 TO 1995

F IRST V ICE PRESIDENT - REAL E STATE WORKOUTS / E AST COAST

• Team leader for Eastern Region for commercial loan workout group, including 5 asset

managers, responsible for a portfolio of $1.8 billion of properties of varying quality.

• M anaged loan resolutions totaling over $700 million from 1992 through 1995.

• Formulated, negotiated and implemented loan workout programs for loans with

ERIC D. SALZINGER

multiple loan debtors, junior mortgagees, cooperatives, bankruptcies and

environmental issues.

• Reviewed asset valuation and disposition analyses and presented to management and

c redit department. Monitored leasing activity and capital improvement work.

• P repared budgets for reserve and resolution goals and managed to those goals.

• Responsible for annual performance evaluations and salary planning for asset

management team.

DREXEL BURNHAM LAMBERT, NEW YORK, NY 1986 TO 1990

V ICE PRESIDENT - REAL E STATE F INANCE

Conducted due diligence, prepared offering materials, negotiated and closed commercial

mortgage financing t ransactions. Transactions included private placements, participating

mortgages, sale-leasebacks, commercial paper based bridge loans, interest rates swaps

and hedges, co-operative conversion financing, and formation of a mortgage pool.

M ANAGEMENT CONSULTANT (E &Y, KPMG ), N EW YORK, NY 1982 TO 1986

Conducted strategy and operations studies, prepared reports and presented results,

p rincipally for real estate owner and developer clients. Conducted operations studies and

p repared resulting reports for clients.

ED UCAT ION

CORNEL L U N IVERSI TY, ITHACA, NY, MBA I N FI NANCE, 1982.

U N IVERSITY AT A LBANY, A LBANY, NY, BS I N E CONOMICS, 1980.

ADD I T IONAL CREDE N T IALS

L icensed Real Estate Broker in New York and Florida.

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