John Larounis Email and Phone Number

John is currently the Senior Development Project Manager over seeing $500mm worth of development and construction projects. Throughout his time at MDG, John has served on numerous projects throughout the country, including the five boroughs of NYC, New York’s Capital Region, South Carolina, Virgin Islands, and West Virginia. These numerous projects, each with unique characteristics and structures, have served as a basis for John to understand the sophisticated fundamentals of a development project.John has recently completed the construction loan closings of a two bundle, five scattered site redevelopment that consisted of 733 units spread across 68 buildings in Troy, New York. This complex redevelopment project was a historical preservation project with an intricate financing structure; working with the State of New York, John was able to finance the first and second Master Lease/Lease Pass project in the history of New York State. With this financing, John was able to generate another $15+ million dollars in LIHTC equity. Working in tandem with State & Federal Agencies, multiple Tax Credit investors and lenders, and a plethora of third-party consultants, John spear headed this large-scale portfolio, closing both bundles within eight months of each other. In its entirety, this portfolio had a total development cost exceeding $288 million dollars.John is a graduate of New York University M.S. in Real Estate Development program, Schack Institute of Real Estate, as well as Buffalo State College with a B.S. in Criminal Justice and a minor in Business Economics. Prior to joining MDG, John’s various roles allowed him to travel the United States creating new relationships and business opportunities. During that time John had maintained a constant presence and dedication to his community through his volunteer service. John’s passion is to give back to the community and help others in need. John has developed the necessary skills to be an effective member of a team and enhanced the ability to communicate with others.