Real Estate Financial Analysis & Underwriting

KURT CLAUSS

** ***** ****, *** **, Larchmont, NY, 10538 203-***-**** ********@*****.***

WORK EXPERIENCE

Sabal Capital Partners -- CMBS Transaction Management, Underwriting, & Origination – New York, NY CMBS Associate Sept 2019-Present

Assist in the origination of commercial loans ranging from $2,000,000 to $25,000,000. Assets include multifamily, retail, office, industrial, student housing, self storage, and limited-service hotels.

Acted as the lead transaction manager on loans accounting for over $75,000,000.

Review and underwrite commercial real estate loans across all asset classes.

Analyze and evaluate prospective commercial loans and structure deals to mitigate risks associated with the transaction.

Interface with mortgage brokers, asset managers, and investors associated with each respective deal.

Oversee the loan closing process, including processing of third party reports, reviewing legal documents, and coordinating with underwriting.

Cushman & Wakefield --Commercial Real Estate Valuation & Advisory New York, NY Associate Director- NY State Certified Assistant Appraiser Sept 2014-Sept 2019

Completed appraisal, feasibility, and consulting assignments involving vacant land, developable air rights, proposed office and retail buildings, office & retail condominiums, observation decks, investment properties, medical office space, industrial properties, portfolios, and market studies.

These appraisals, consulting assignments, and feasibility studies were utilized for commercial mortgage loan purposes, arbitrations, estate allocations, acquisition advising, marketing, quarterly reporting, market rental resets, arbitrations, and several other uses.

Utilization of Argus DCF, Argus Enterprise and Microsoft Excel for valuation, underwriting, financial modeling and appraisal preparation

Appraisal assignment included over 350 unique commercial properties in Manhattan ranging from small retail condominiums to Class A Trophy Assets including the following: 767 Fifth Avenue (General Motors Building), 200 Park Avenue (Met Life Building), WTC Complex, Hudson Yards, Manhattan West, Brookfield Place, One Vanderbilt Place, 375 Park Avenue, Rockefeller Center, 724 Fifth Avenue, 730 Fifth Avenue (Crown Building), 425 Park Avenue, and several other Trophy level assets throughout Manhattan.

Inspected hundreds of office and retail properties in Manhattan including dozens of the Trophy assets

Analysis completed of leases, rent rolls, income statements, tax returns, offering memorandums, purchase and sale agreements, financial statements, P&Ls, rent rolls, stacking plans, Argus DCF and Argus Enterprise files

Ability to work independently and within a team in addition to interacting effectively with business partners, brokers, clients, and asset managers

Performed complicated financial analysis, due diligence, and financial modeling on an ad hoc basis for potential assignments

Researched local markets and generated corresponding market analyses for real estate analysis, underwriting, and rent analysis.

Successfully passed over 230 hours of appraisal education courses, including USPAP James Madison University -- Materials Science Research Harrisonburg, VA Student Research Assistant Spring 2012-Fall 2013

Gained expertise in use of: Electron Beam scattering, plasma etching, acid etching, metal deposition, Corel Draw

Presented conclusions and analysis to over 250 students, professors, and visiting professionals

Fabricated microfluidic membranes consisting of PDMS and PMMA for research purposes for personal research and biological application by UVA Professors

EDUCATION

James Madison University Harrisonburg, VA

Bachelor of Science, 2013 Fall 2009 to Fall 2013

Major: Physics-Multidisciplinary Business Concentration, Minor: Mathematics New Canaan High School New Canaan, CT

Varsity Water Polo, Wrestling & Track/Field Fall 2005 to Spring 2009 HOBBIES

James Madison University Water Polo Team 2009- 2013 Treasurer and Vice President of the Club 2011- 2012/2012-2013 COMPUTER SKILLS

Computer: Proficient in Microsoft Word, Excel, Powerpoint, Argus DCF, Argus Enterprise

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