Armando Bustillo Email & Phone Number

Los Angeles, California

Greater Los Angeles Area

Manage a Low Income Housing Tax Credit Special Assets portfolio requiring more intensive oversight, and creative problem solving. * Responsible for analyzing assets performance and preparing risk assessments and workout reports for underperforming properties. * Coordinate with general partners, property managers, agencies and lender on property issues affecting return performance. * Work with Team Leader in implementing special requests from investors such as loan modifications, change of general partner and disposition or acquisition of partnership interests. * Prepare quarterly investor reports and review audits and tax returns for properties in the Special Asset portfolio. * Review capital contribution and replacement and operating reserve requests presented by general partners and ensure all requirements are met before authorizing the release of funds.

San Juan, Pr

Appointed to manage retail portfolio of 900K SF distributed across six shopping centers with $9.6M in gross annual revenue, while maintaining responsibilities of Loan Portfolio Asset Manager role. * Transformed portfolio performance from hands-off New York City-based management to status of operational excellence by establishing oversight for daily operations.* Boosted cash flow by cutting 30-day delinquency rate in half. * Ensured retention of anchor tenant.

San Juan, Pr

Developed, managed, and executed loan workout and restructuring strategies to minimize losses for $100M+ U.S.-based bank construction loan portfolio. * Negotiated and underwrote $30M in settlement and workout transactions.* Executed friendly foreclosure and receivership to turn around $6.5M non-performing residential construction loan from 26 unfinished units to successful completion with use permits obtained.* Restructured $3.5M working capital loan when borrower was reaching final predevelopment stage of 340-unit residential development on the collateral property.* Negotiated an $8M settlement transaction for line of credit with multi-collateral properties.

San Juan, Pr

Managed 24M SF industrial real estate portfolio with full oversight responsibility for leasing, disposition, and acquisition activities.* Achieved goal to dispose $40M+ in underutilized properties.* Boosted occupancy 7% in 18 months.

San Juan, Pr

Collaborated with resort ownership group, consultants, and operators to plan and underwrite various phases of this $1B resort development during initial role as Development Manager. Following successful opening in June 2008, transitioned to VP of Operations with full responsibility for food and beverage, facility and grounds maintenance, security, and HR operations. * Played vital role in development and launch of $1B, 480-acre resort property recognized as the first Audubon International Gold Certified resort and the first St. Regis hotel in the Caribbean. * Managed operating costs at 5%-10% below budget, while maintaining superior service levels.

San Juan, Pr

Advised clients on structuring capital for proposed Low Income Housing Tax Credit (LIHTC) projects and identifying LIHTC investors and funding sources. * Structured more than $45M of new LIHTC projects for total of 366 residential units. * Contributed to development of $8.7M, 51-unit multifamily project to provide transitional housing for homeless/at risk individuals.* Led due diligence, capital structuring, and loan application process for $20.1M rehabilitation of 150-unit multifamily building to provide low income housing units for senior citizens.

San Juan, Pr

Joined this government corporation to lead establishment of real estate development strategies, guidelines, and plans for 113-acre mixed use, government sponsored, urban brownfield redevelopment project to create a Convention Center District.* Revamped master plan to meet goal of revitalizing the area with a convention/business destination and developed/launched aggressive RFP campaign that promoted public-private partnerships. * Contributed to successful development of the Convention Center District’s first hotel, a 500-key, $141M anchor property. * Directed developer selection and development/land purchase agreement negotiations for first luxury residential project with $750K land option collected.

Hato Rey, Pr

Responsible for originating, underwriting and managing construction loans for low-income housing projects and evaluating, and ranking LIHTC application and underwriting awarded LIHTC funds. • Originated and underwrote more than $90M in construction loans and $60M in LIHTC to qualified projects.

Master'S Degree, Real Estate Development And Urban Analysis

Activities and Societies: International Honor Society Beta Gamma Sigma Member

Bachelor'S Degree, Finance And Marketing