Eric Toro

Eric Toro Email and Phone Number

Deputy Director of Real Estate Development at St. Nicks Alliance @ St. Nicks Alliance
brooklyn, new york, united states
Eric Toro's Location
Bronx, New York, United States, United States
Eric Toro's Contact Details
About Eric Toro

A proven leader in mixed income / mixed finance and mixed use real estate development . Eric possesses solid skills in planning, finance and development of multifamily affordable housing and other types of mixed community and commercial real estate projects. Experiences range across several trajectories. These include commercial mortgage banking, public agency management and project leadership within for-profit and not for profit real estate development corporations. Eric's experience across trajectories such as commercial lender and owner's development representative, projects underwritten, projects proposed, planned and currently in development value over $1 billion in capital exposure and range from multifamily properties, restructuring and revitalization of public housing communities (Hope VI), not for profit community facilities and the planning of large tract urban renewal sites and public housing projects throughout New York City and other cities along the North Eastern sea board, (Baltimore, Bridgeport, New Haven)Eric says that the socioeconomic problems that have emerged in this latest economic downturn are even more complex than all prior downturns and require an even deeper insight into the dynamics of community economics and a broader outlook in crafting whole solutions. The mixed income, mixed finance and mixed use plan coupled with targeted social mobility programs is the "sweet spot" that offers the best leverage in today's affordable housing market.Specialties: Underwriting and Structured Finance, Commercial Real Estate Planning and Development, Deal Negotiation and Documentation Review, Development Team Vetting and Management, Closing Coordination, Program and Policy Analysis, Government and Investor Relations as well as non-profit management and development.

Eric Toro's Current Company Details
St. Nicks Alliance

St. Nicks Alliance

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Deputy Director of Real Estate Development at St. Nicks Alliance
brooklyn, new york, united states
Employees:
244
Eric Toro Work Experience Details
  • St. Nicks Alliance
    Deputy Director
    St. Nicks Alliance Nov 2016 - Present
    2 Kingsland Avenue
    Reporting to the Director of Housing and overseeing a staff of 3 project managers I am responsible for the Development of Mixed Finance Multifamily Affordable Housing projects. Current pipeline includes over $150M in development projects.
  • Sterling National Bank
    Vice President And Managing Director Of Community Development Commercial Banking
    Sterling National Bank Mar 2016 - Nov 2016
    500 7Th Avenue Ny. Ny 10018
    Manage and direct the underwriting of commercial investments into low and moderate income communities as per the Bank's CRA plan. This includes commercial mortgage financing as well as other forms of investment such as low income housing tax credits, new markets tax credits, commercial lines of credit, term loans, etc.. Work closely with for profit and not for profit developers of affordable housing, community development corporations and other organizations serving low and moderate neighborhoods in the tri-state region.
  • Ebof Inc
    Director Of Housing Development & Asset Management
    Ebof Inc Apr 2013 - Feb 2016
    East Harlem New York City
    Assigned to manage a portfolio of 35 apartment buildings both new construction and a portfolio of expiring housing tax credit and other mixed income / mixed finance capital development programs. The new construction project is a unique blend of affordable housing for an artists community known as the El Barrio Art Space project. Project consists of 90 units and 10,000 sf of non-profit artists program space. Also devising an asset management program for recapitalized and repositioned affordable housing assets. Objective is on long term preservation of affordable housing incorporating long term sustainability management practices. This entails redirecting and tightening the oversight of property management functions and services such as vacancy and collections turnover rates, cash management and maintenance performance tracking systems, financial planning of major capital improvements and incorporating "Green Communities" efficiency standards.within all building systems. Oversee and direct a staff of property managers, assistant managers, maintenance crews, accounting and clerical staff towards accomplishing these goals.
  • E.Toro & Associates
    Planning And Development Consultant In Multi-Family Mixed Income / Mixed Finance Projects.
    E.Toro & Associates Jun 1999 - Dec 2012
    Greater New York City Area
    Planning, Finance, Development, Project Management in apartment building finance and other forms of commercial real estate.
  • Yale
    Yale Community Renaissance Fellow
    Yale Mar 1997 - May 1999
    Yale University - New Haven Connecticut
    • Selected under a federal blue ribbon panel competition as one of 20 Community Renaissance Fellows to participate in a two year mid-career HOPE VI training program sponsored by HUD and Yale University • Trained as change management agents and new generation of large scale community builders. • Program focus was in conversion of public housing facilities into planned mixed communities incorporating principles of smart growth planning and development • Consulted for public housing agencies on Hope VI projects in the cities of Baltimore, Bridgeport and New Haven. • Projects were large scale developments from $40M to $400M. • Hope VI projects included demolition, downsizing, relocation and residential/commercial real estate redevelopment with mixed use, mixed finance and mixed income strategies.
  • New York City Housing Authority
    Senior Director In Community Operations
    New York City Housing Authority Jan 1995 - May 1997
    Assigned by executive department to assist the Deputy General Manager in the reprogramming and consolidation of two community service departments into one city wide agency in community operations. Performed policy analysis and program redesign, as well as staff re-assignments for purposes of re-allocating 60 office and 140 field staff into field locations across the NYCHA system citywide. Achieved $3.4 million in budget savings. Also performed outsourcing of community service contracts and community facility leasing contracts. .
  • Apple Bank Commercial Mortgage Division
    Assistant Vice President
    Apple Bank Commercial Mortgage Division Aug 1990 - Jan 1994
    Apple Bank Corporate Headquaters - Nyc
    With a focus on improving the banks CRA performance I originated and managed $25 million in Commercial Mortgage products to commercial borrrowers. Provided the commercial mortgage division with specialized knowledge in mixed income, mixed finance, and syndication of participation deals in community development projects and other mixed finance products that enabled the bank to meet its CRA obligations in under served communities. These achievements helped the bank meet its threshold for business expansion plans and acquisition of additional branches and other businesses.
  • A.P.R.E.D
    Legislative Associate For New York City Affairs
    A.P.R.E.D 1989 - 1990
    New York City
    Represented an Association of 35 Puerto Rican Executive Directors (APRED) of not for profit institutions in the New York City area. Conducted a land mark affirmative action study of New York City procurement practices and contract awards leading to proof positive of discrimination against Latino based human service providers. Project findings catalyzed improvements towards fairness in New York City procurement policy rules with not-for-profit organizations. Also wrote policy and position papers regarding New York City budget priorities on behalf of member agencies and organized face to face meetings with mayors office and other agency heads on behalf of member agencies.

Eric Toro Skills

Affordable Housing Real Estate Development Real Estate Community Development Leadership Nonprofits Policy Budgets Strategic Planning Commercial Real Estate Economic Development Policy Analysis Project Management Training Project Planning Negotiation Asset Management Underwriting Mixed Use Non Profits Affordable Housing Finance

Eric Toro Education Details

Frequently Asked Questions about Eric Toro

What company does Eric Toro work for?

Eric Toro works for St. Nicks Alliance

What is Eric Toro's role at the current company?

Eric Toro's current role is Deputy Director of Real Estate Development at St. Nicks Alliance.

What is Eric Toro's email address?

Eric Toro's email address is et****@****snb.com

What schools did Eric Toro attend?

Eric Toro attended Yale School Of Management, New School University, John Jay College Of Criminal Justice.

What are some of Eric Toro's interests?

Eric Toro has interest in Raquet Ball, Boating, Social And Economic Development, Basket Ball, Spirituality And Life Philosophy, Camping, Afro Cuban Drumming, Swimming, Buddhism, Social Evolution.

What skills is Eric Toro known for?

Eric Toro has skills like Affordable Housing, Real Estate Development, Real Estate, Community Development, Leadership, Nonprofits, Policy, Budgets, Strategic Planning, Commercial Real Estate, Economic Development, Policy Analysis.

Who are Eric Toro's colleagues?

Eric Toro's colleagues are Angel Perez, Akeem Brown, Sancheska Tapia, Brianna Panton, Rachida Rouias, Frankerly Rodriguez, Rowan (Z) Lehar-Drogin.

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