Howard Gee Email & Phone Number

Evaluate and determine the credit risks and mitigating factors for the largest, most complex and/or specialized commercial clients along eastern U.S. (New Jersey to Florida) through a detailed analysis of commercial real estate projects for construction and/or acquisition, valuation of the collateral property such as multifamily, industrial (warehouse/flex), hotel, retail, and office buildings, financial analysis of the operating entity and sponsors, and an assessment of the market/submarkets and comparable properties.

- Underwriting commercial real estate to refinance existing loans and to finance acquisition and construction projects within the multifamily, mixed-use, industrial, hotel, retail, office, and medical office investment property sectors. An abbreviated list of underwriting responsibilities include:- Analysis of project cash flow, financial statements, construction budgets, leases, rent rolls, credit risks, loans, and guarantors.- Property market valuation using Argus Enterprise, Argus-DCF and Excel.- Market analysis of commercial real estate using Costar, REIS and broker data.- Site inspections and customer conference calls.- Commercial real estate industry research.

Advanced from contract-basis to full-time staff. Completed course hours and exams required for certified general real property appraiser credential. Commercial real estate appraisal and valuation of investment grade industrial, flex, office, office/retail, and multi-family apartment buildings as well as commercial land in the northeast.- Contributed to appraisals commercial real estate.- Valuation of commercial real estate value using the income, sales, and cost approach.- Analyzed property cash flows using Argus-DCF and Argus Asset Management.- Researched commercial real estate submarkets in the northeast including the Jersey City (Hudson waterfront) apartment/condominium market.- Research/analyze the subject property and comparable property data.- Research sales/listings using CoStar and MLS.- Research cost data using Marshall & Swift Cost Estimator.- Utilizing ESRI Business Analyst to collect/analyze demographic data.- Review public records and resources.- Inspection of commercial real estate.- Training junior analyst.- Communication with third parties.An abbreviated list of clients includes Atlantic Health, BlackRock Realty, High Street Real Estate (Fund III), ING-Clarion Industrial Trust, INVESCO Real Estate, JP Morgan Asset Management, McMorgan & Co., M&T Bank, PM Realty Group, PNC Bank, Provident Bank, Prudential Financial, TD Bank, Toll Brothers, TIAA and UBS Realty Investors.

- Provided timely credit risk ratings to facilitate the capital raising activities of 50 public/private real estate corporations that issued $26.5B in unsecured debt and preferred equity securities. Effectively communicated ratings and rating rationale to investors/analysts through various mediums.- Created financial analysis, performance statistics, and peer company analysis of private/public corporations; used info. to create/update credit risk memos used by committee members and credit analysis used by investors/analysts.- Analyzed key attributes/metrics of commercial/residential mortgage related asset portfolios. Reviewed mortgage financing companies underwriting guidelines, and borrower and loan rating system.- Presented/participated in risk rating committees and contributed a relevant opinion/vote which led to affirming or revising the ratings and the outlook/watch of REIT issuers/mortgage servicers.- Provided a rating assessment for a prospective client generating a service fee of $35K.- Collected financial data/other info. used to conduct surveillance of 39 REITs/11 mortgage servicers resulting in 10 issuer rating downgrades, 3 issuer rating upgrades, and 9 issuers placed on negative watch or outlook. Trained junior analyst to create financial statement models/templates that improved the team’s ability to conduct timely surveillance.- Alerted asset manager’s of collateralized debt obligations (CDOs) that securities issued by REITs and held as portfolio investments face imminent default. Assigned default ratings in advance of REIT issuers’ reported liquidity problems/eventual bankruptcy.- Routinely met with senior mgmt and discussed matters related to the company’s existing ratings.- Authored the mortgage REITs credit analysis for the 2007/08 REIT Sector Outlook and co-authored other research.- Created PowerPoint presentations and managed budget for annual industry seminar.- Authored several published reports pertaining to the REIT Industry.

- Prepared written credit memorandums and financial statement analyses for $745M in total syndicated loans of which $425M were closed transactions.- Managed and conducted credit surveillance of $52.2M revolving/term loan portfolio; includes workout credits. Generated a return on risk adjusted capital between 11% and 28%, including noncredit income.- Supported the relationship management and credit surveillance of a $72.3M revolving loan portfolio.- Created Excel models of financial statements to analyze the operating performance of middle market companies which included key financial ratios, trend analysis, and company comparison analysis.- Prepared and presented written credit memorandums that evaluated the financial wherewithal of the borrower and recommended the credit limit, loan structure, pricing, advance rate, collateral, financial reporting requirements, borrower risk rating, loss given default, and expected default frequency.- Managed the collection of principal, interest, and other banking fees. Routinely exceeded customers expectations by providing the appropriate product and/or service solutions to meet their needs.- Met with management to negotiate the financing terms and agreements and to close loan documents.

- Supported the opening of Gotemba Premium Outlets located west of Tokyo with financial analysis. Analyzed the company’s $848.8M gross real estate portfolio comprising 5.2M in gross leasable area, two joint venture developments in Japan, and real estate portfolios for potential acquisition.- Provided projection analysis which contributed to increasing net earnings per common share. Provided senior management with monthly, quarterly, and annual budgets and forecasts of operations.- Provided senior management variance analysis of base rent, percentage rent, expense reimbursements, CAM, and capital expenditures and quarterly financial schedules used in the debt covenant compliance.- Created PowerPoint presentations of the company’s operating performance for analysts conference calls.

Master Of Business Administration, Finance And International Business

Business Administration, Mba Field Of Study

Completed MBA Field of Study at Hofstra University.

Bachelor Of Science, International Business

Activities and Societies: Member of Delta Mu Delta International Honor Society in Business Administration.- Studied abroad at Universidad.