Daniel Laz Email & Phone Number

Chicago, Il, United States

Chicago, Illinois

Chicago, Illinois

Oakbrook Terrace, Il

- Negotiated and resolved a portfolio of over $200 million of distressed Commercial Mortgage-Backed Securities (CMBS) loans in Special Servicing through liquidation (i.e., modifications, discounted payoffs, note sales, etc.) or through title acquisitions (e.g., foreclosure or deed-in-lieu).- Conducted comprehensive analysis of property/borrower financial statements, third party collateral reports and surveillance of the underlying commercial real estate markets.- Utilized net present value models via discounted cash flow analysis to determine sell/hold strategies.- Lead transaction teams, directing colleagues, consultants and attorneys in due diligence, negotiations and documentation preparation.- Presented transaction, risk assessments, and recommendations to senior management and credit committee for approval.

Hoffman Estates, Il

- Determined claim compensability, calculated payments and negotiated settlements within account limits.- Communicated with claimants, policyholders, physicians and attorneys through claim resolution.- Ensured adequacy of reserves and managed a caseload of over $5 million.- Comply with workers compensation legal requirements within four jurisdictions: WI, MN, NE and SD.

Chicago, Il

- Generated credit ratings for more than $8 billion of CMBS transactions.- Modeled CMBS bond subordination levels, performed cash flow analysis, reviewed asset summary reports and presented deal summaries to senior management. - Traveled nationally and conducted property site inspections for all property types.- Published external presale reports which highlighted transaction characteristics and summarized strengths and risks of transactions.

Chicago, Il

- Managed outside counsel, reviewed and commented on CMBS offering documents and governing documents. - Coordinated deal closings with internal and external counsel, investment banks and their attorneys and servicers. - Closed seven CMBS transactions with a combined value in excess of $14 billion.- Acted as liaison between attorneys, underwriters, loan servicers and investors post-closing.- Managed monthly bond payments for a portfolio of more than 45 CMBS transactions totaling approximately $60 billion and disbursed monthly debt service payments in excess of $120 million a month.