Vice President To President
The Richman Group Of Florida, A Subsidiary Of The Richman Group Of Companies
United States
I joined The Richman Group of Companies in 1993, an integrated firm active in all aspects of real estate industry including investment and mortgage banking, development, property management and asset management. In 1992 Hurricane Andrew made landfall in Miami-Dade County Florida and shortly after acquired two multifamily complexes that had been destroyed by the impact. I became the Company’s liaison to the Florida Housing Finance Corporation and lead coordinator for a redevelopment plan. In 1995 I became the President of the Richman Group of Florida.Duties and responsibilities: Establish a physical presence in the state, build a real estate portfolio that specializes in affordable housing through investment banking, syndication, and property management. Negotiate purchase and sales contracts, feasibility studies, prepare financial projections, retain legal counsel to conduct title searches and engineers to survey and evaluate related issues, prepare comprehensive plans for development incorporating all municipal land use zoning and site plan approval processes. Prepare developer agreements and make arrange for all financing, including preparation of Applications for Submission to the Florida Housing Finance Corp, arranging payment and performance bonds, general contractor negotiations, work with architects to design and permit each project in each location. Prepare critical path schedules that met the Federal regulatory requirements for Placed in Service Dates. Engaged in value engineering to find creative solutions for better built projects, coordinated all credit underwriting for conventional financing, investor equity and State Credit and Housing Agencies. Politics and policies in each jurisdiction were different requiring close engagement with elected officials. By 1998 The Richman Group of Florida, completed over 5000 units, established itself as a dominant player in Florida and continues to work on Market Rate and Affordable Housing Projects.