Real Estate Management

EXPERIENCE:

*/** – Present MORNINGSTAR CREDIT RATINGS, LLC

Senior Vice President – Operational Risk Assessment, Structured Credit Ratings

Analyze operational and credit risk of participants in structured finance transactions such as loan originators, servicers, and asset managers.

Develop and maintain applicable rating criteria for the evaluation of asset managers, CMBS lenders, construction lenders, single family rental property managers, and real estate advisory services.

Frequent speaking engagements to discuss credit and operational issues facing the servicing industry as well as trends in servicing metrics related to commercial real estate lending and market conditions.

In depth research on particular servicing, credit, and market trends related to portfolios and asset performance, as well as staffing, cash accounts, technology, and overall operational controls.

Credit analysis and portfolio management duties such as surveillance of commercial mortgage debt at the loan, property, and portfolio levels.

Review cash flow forecasts and underwriten propertl-level investment returns from asset managers

12/06 – 3/11 STANDARD & POORS

Director – Structured Finance, Commercial Real Estate

Assessed the credit and operational capabilities of lenders handling residential mortgage, commercial mortgage, and asset-backed portfolios for securitized transactions and other investor types.

Performed credit and operational analysis of CMBS portfolios as well as lenders and servicers that manage CMBS and on-balance sheet transactions respectively.

Analyzed the credit and operational quality of assets of various lenders and prepared ranking recommendations.

Developed and applied criteria used in the evaluation and ranking determination processes, conducting meetings with senior management of client companies, and creating detailed evaluation reports for committee presentation and for publication.

Interacted closely with internal publishing staff and rating surveillance analysts,

Writing criteria, lender ranking press releases, and related industry commentary pieces.

Communicated Standard & Poor's methodology and procedures to the lender and other market participants, while staying abreast of industry developments affecting criteria and assigned lender rankings.

Wrote industry spotlight reports on state of market as well as servicing and special servicing for commercial real estate investors and servicers.

Developed technological application for bi-annual methodology submission to each S&P ranked servicer.

04/03-12/06 EUROHYPO AG, NEW YORK BRANCH

Vice President – Commercial Real Estate Portfolio Management

Headed department comprised of portfolio analysts for commercial real estate investment bank.

Monitored performance of portfolio consisting of all financing types: mezzanine, construction, term loan, unsecured and secured corporate and property level financing, CMBS, structured finance.

Financial Reporting/Credit Analysis

Analyzed monthly, quarterly and annual financial statements of borrowers and guarantors for covenant compliance and for performance. Reporting variances and covenant defaults and other performance measurements to all interested parties.

Oversaw the reporting of financial covenants to all participant lenders in connection with those loans in which Eurohypo was the lead agent.

Client relationship management: worked directly with borrower to address all post closing matters.

Property-level surveillance and analysis: monitored engineering, environmental and insurance matters for all properties, analyzed monthly rent rolls, sales reports against underwriting assumptions to determine trends in marketplace, reviewed monthly cash flow projections for construction projects and large properties

Analyzed performance of REIT borrowers for changes in borrowing base, unencumbered asset pool valuation changes and addressed any significant changes credit committee.

05/02 – 04/03 TORYS LLP -- New York, NY

Senior Commercial Real Estate/Corporate Paralegal

Drafting loan documents such as mortgages; assignments of leases and rents.

Reviewing, drafting and abstracting commercial office leases.

Due diligence in connection with significant stock purchase transaction involving assets backed by real estate and with representation of well known Canadian lenders.

Project management and coordination of data room in connection with major stock purchase involving internationally known real estate developer.

Significant title and survey review; working closely with lenders on title matters such as endorsements, title requirements; other loan documentation affecting real estate.

06/00-05/02 MIMEO, Inc. – New York

Legal Affairs Coordinator/Corporate Paralegal

Functioned as Acting Director of Legal Affairs for Internet Company

Significant management and associate attorney level responsibilities which included the following:

Negotiating and drafting all legal contracts, such as real estate leases; licensing and distribution agreements, employment Agreements;

Working with software developers to file patent and trademark applications

Negotiating business issues in connection with various real estate leases.

Drafting and maintaining corporate records

Attending all Board of Directors Meeting, as Corporate Secretary, and drafting all minutes and consents;

Performing due diligence in connection with Series A, Series B and Series C rounds of financing

Acting as liaison between company management team and outside counsel, investors and employees.

Investor-relations responsibilities involved preparing communications between company and investors and frequent investor contact.

Internet-related legal responsibilities involved reviewing, editing and drafting content on the company’s website.

Legal and financial administrative duties involved administration of stock option plan using CMS software; preparing various S.E.C. filings in connection with stock option plan and investor offerings.

07/99-06/00 PATTERSON, BELKNAP, WEBB & TYLER, LLP – New York, NY

Commercial Real Estate Paralegal

Worked closely with commercial lenders such as BHF and Dime Bank (now Washington Mutual) and community development corporations in connection with commercial mortgage financing. Reviewed commercial real estate leases, subordination, non-disturbance and attornment agreements, estoppels.

01/92-07/99 BROWN & WOOD LLP -- Washington, D.C.

Corporate/Commercial Real Estate Paralegal

Special servicing of FDIC failed instutions and significant Resolution Trust Corporation asset management

Prepared prospectus’ related to Mortgage Back Securities of RTC assets

Conducted residential real estate closings and due diligence on foreclosed properties prior to closing of RTC securitizations. Also closed SBA loans for small businesses.

EDUCATION

BARUCH COLLEGE – ZICKLIN SCHOOL OF MANAGEMENT

2006 Masters in Business Administration: Concentration in Real Estate Finance

UNIVERSITY OF MARYLAND, College Park, MD

1994 Bachelors of Science

GEORGE WASHINGTON UNIVERSITY, Washington D.C.

1992 Legal Assistant Certificate

TRAINING

Formal credit training – Standard & Poor’s

Argus Training – Kahr Real Estate Services

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