Real Estate Management
Resume:
MEERA SINGH
Lewisville, TX *****
***********@*******.***
www.linkedin.com/in/meerasingh26
Accomplished underwriting professional with over 17 years of experience. Diverse background across various real estate functions with increasing responsibility. Deep domain expertise in balance sheet underwriting, CMBS and development underwriting, equity and debt valuations, asset management, financial due diligence, cash flow analysis, appraisal review, lease analysis, market analysis and governance.
PROFESSIONAL EXPERIENCE
BBVA Compass, Dallas, TX June 2016 - Present
Vice President
Responsible for managing $500MM senior housing portfolio including:
Underwriting of term and construction senior housing loans.
Monitor loan performance to ensure compliance with loan covenants.
Perform annual review(s) of Sponsor(s) to assess financial strength.
Preliminary analysis of Sponsor(s) business plan to determine if loan and/or project are viable under BBVA guidelines.
ReadyCap Commercial, LLC, Irving, TX January 2016 - June 2016
Consultant
Contributed to the overall loan approval process by providing independent analysis of the collateral:
Underwriting and analysis of property cash flows for future repayment capability.
Advised on loan structuring to ensure performance thresholds are attained to preserve collateral value.
Performed in-depth review and analysis of historical operations, Borrower creditworthiness and market conditions.
Provided initial review and analysis on potential loans to determine if loan structure, collateral and Borrower meet ReadyCap guidelines and requirements.
GE Capital, Dallas, TX 2005 - 2015
Manager – Real Estate Valuation Governance, Risk Management (2014 – 2015)
Portfolio risk management of the Company’s multi-billion balance sheet real estate assets. As an independent control function, part of a team of real estate valuation specialists analyzing acceptability of valuation cashflow assumptions, embedded losses/gains, capital allocation decisions and strategic business plan/return scenarios to manage the risk profile.
Quarterly review of a valuation sample to ensure the use of appropriate methodologies, assumptions, overall cashflow and FMV reasonableness in the context of assessing equity impairments, loan reserves and strategic risk management of the real estate portfolio.
oReview of sufficiency of documentation supporting valuation
oAdherence to internal policies and procedures
oIndependent benchmarking of key valuation assumptions and overall value
oAssessment of equity impairment or loan reserve decisions
Developed a program to document valuation review and impairment risks.
Generated reports with observations of potential weaknesses in the assumptions and methodologies used in the valuations with recommendations for more market based conclusions.
Prepared valuation analysis for the disposition of assets to determine reasonableness of recorded FMV as compared to offer(s) received, if any, or general market fundamentals and provide recommendation, as needed, for adjustments to the investment balance.
External appraisal review of medical office buildings and senior housing to determine rationality of assumptions utilized by the appraiser in deriving the fair market value; challenged assumption(s) that were deemed to be not adequately supported by market and/or aggressive based on property performance.
Senior Underwriter (2011 – 2014)
Managed quarterly global debt & equity valuations process including:
Gathered and synthesized relevant market metrics to enable underwriters to perform quarterly asset valuations.
Monitored market forecasts to determine potential impact on future asset valuations.
Reviewed risky assets to ensure valuation assumptions, concluded fair market value and methodologies were reasonable, supportable and documented per GE Capital Real Estate valuation guidelines.
Prepared quarterly valuation reports that reflected value variances, key drivers and metrics of the asset valuations and highlighted any potential assets that could pose a future risk from impairment or reserve perspective.
Performed valuations of equity and on-book debt real estate assets to determine fair market value through market research and analysis.
Validated existing in-house valuations against 3rd party appraisal to determine necessary adjustments (if any) to recorded asset value for loss and impairment purposes.
Underwriting Associate (2005 – 2011)
Determined income and/or expense adjustments to enhance property cash flows for 14 CMBS issuances totaling $4.7 billion.
Compiled and reviewed representation exceptions and provided appropriate mitigants for GE loans.
Reviewed and commented on disclosures of loan-terms included in the Prospectus.
Interacted with Investors and Rating Agencies to address inquiries regarding loan structures, property economics and pertinent collateral information.
Prepared large loan term sheets for investor presentations.
Managed and monitored a portfolio of thirty distressed loans totaling $74MM.
Facilitated the sale of two foreclosed properties resulting in sales proceeds totaling $13MM.
Underwrote loans totaling $75MM for commercial, hotel, multifamily and self-storage properties.
Analyzed property financial statements and rent rolls to complete net cash flow analysis for loan structuring.
Worked with Borrower(s) and Closing Team to ensure fulfillment of closing conditions and timely loan funding.
Bank of America, Dallas, TX 2003 – 2005
Vice President, Commercial Real Estate Banking
Underwrote loans for development projects for multi-family, office, retail and industrial properties.
Monitored property performance to ensure compliance with underwriting standards such as debt service coverage ratios, lease-up schedules, interest reserves and rental rates.
Worked with Borrower(s) to negotiate and structure loan documents.
GE Capital Real Estate, Addison, TX 1999 – 2003 Senior Asset Analyst
Performed asset management duties on 136 CMBS loans totaling $650MM on 141 properties ranging from loan assumptions to approval of capital expenditures.
Performed asset management duties 22 Institutional loans totaling $790MM on 83 properties ranging from approval of releases of collateral to loan modifications.
EDUCATION
Master of Business Administration
University of New Orleans, New Orleans, LA
Bachelor of Business Administration, Finance
University of New Orleans, New Orleans, LA
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