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Real Estate Due Diligence

Location:
Stamford, CT
Posted:
February 19, 2024

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Resume:

Jack Falkner

Hartford, CT 860-***-****

https://www.linkedin.com/in/jack-falkner-55162010a ad3rf2@r.postjobfree.com Education

University of Connecticut, Storrs, CT 9/15 – 5/19

Bachelor of Science, Business, Real Estate and Urban Economic studies Major GPA: 3.7/4.0

Society of Industrial and Office Realtors Scholarship Fund recipient 1/19 – 5/19 Work Experience

Amplitude Equity, New York, NY

Acquisition & Asset Manager 5/22 – Present

• Led the acquisition/disposition of five multifamily properties. Purchased two properties for $17M & $25M and sold three for $6M, $5M, & $43M.

• Drives full due diligence which includes reviewing the structural components of the property, preparing an in-depth capex budget, selecting the appropriate debt, confirming underwriting assumptions, and closing the loan.

• Underwrites approximately 3-5 multifamily properties a week for possible acquisition.

• Oversees the asset management of 4 properties (285 units), insurance renewals, and assists with portfolio analysis and planning for the remaining 13 properties (1,900 units).

• Lived onsite of a 165-unit property for a month to better understand how a property should efficiently and effectively run.

Arbor Realty Trust, New York, NY

Structured Finance Senior Analyst 2/22 – 5/22

• Closed $1.6B in structured bridge loans comprising of 44 multifamily properties, which entailed underwriting and completing full due diligence (Appraisal, ESA, PCA, Zoning, Insurance, Sponsorship, and Property Performance).

• Analysis included developing interest reserves, renovation reserves, and limited recourse guaranties with earn-outs as property acquisition strategies were typically Class B properties undergoing renovations to increase cash flow / value.

• Prepared and presented credit memos to the Investment Committee. Structured Finance Analyst 11/20 – 2/22

• Analyzed rent rolls, mark to market rents and expenses, personal financial statements, stress test exit financing.

• Underwrote approximately 5 multifamily ($10M - $75M) a week in high paced “NYC” environment. Breckenridge Grand Vacations, Breckenridge, CO

Real Estate Financial Analyst 9/19 – 6/20

• Leveraged Excel and Tableau for underwriting, analysis, reporting, and dashboard building.

• Screened tenants and prepared financial reports for a 32-unit workforce housing complex.

• Improved the company’s financial status by analyzing various data sources through standard statistical methods. The Davis Companies, Boston, MA

Acquisition/Development Intern 6/18 – 8/18

• Compiled market research to underwrite possible multifamily, office, industrial, retail, and mixed-use acquisitions ranging from $5M - $50M.

• Participated in various stages of the development process for multiple property types. This included weekly onsite construction meetings for a ground up multifamily complex. Boy Scouts of America, Simsbury, CT

Eagle Scout 6/08 – 1/15

• Completed merit badges, volunteer hours, community improvement projects, and held leadership positions. Skills: Proficient in Microsoft Excel (Advanced Certification), Argus, CoStar, Appraisal procedures, Underwriting with various reserves to fund property renovations, Due diligence process, Loan closing, Discounted cashflows. Interests: Beach, Skiing, Golf, Baseball, Hiking, Shark Tank, Stock Market, and Fly Fishing.



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