Randy Wolfe Email & Phone Number

New York, Ny, Us

Greater New York City Area

• Primary credit analyst and trader for a real estate focused hedge fund with more than $250mm invested in fixed and floating rate securities across the capital structure in legacy and new issue CMBS, CRE CDOs, and ABS• Analyze and surveil both the existing portfolio and the CMBS and ABS universe for trading opportunities• Responsibilities include property-specific underwriting of every material loan in CMBS and ABS deals, evaluating underlying collateral to identify term and maturity default risk, modification, prepayment, or extension probability, and monitor upcoming tenant rollover and market characteristics and conditions• Value distressed and non-performing assets in order to determine both loan and deal recovery as well as structure cashflows and price bonds utilizing proprietary models, Bloomberg and Trepp• Make buy/sell recommendations based on the aforementioned due diligence• Identify, analyze, and maintain both potential and existing equity investments in CRE properties ($100mm+ invested)• Interact with rating agencies, trustees, and servicers to understand workout strategies and clarify inconsistencies• Derive and model multiple potential scenarios based off macro and micro economic assumptions, analyzing the results to detect bonds with the optimal risk-reward characteristics• Automate key tasks utilizing VBA, Excel, Access and Python

Greater New York City Area

• Performed property-level underwriting on more than $4bn of potential CRE loans, which included a thorough review of cashflow statements, legal documentation, and third party reports for both B-Piece investors and originators • Analyzed asset types include: multifamily, office, retail, hotel, gaming, and healthcare• Conducted site visits of CRE properties of all types to pinpoint potential issues and accurately assess values• Led the development of an affiliated asset management firm to invest in CMBS bonds• Developed and utilized a flexible, complex model built using Python and VBA that analyzed CMBS deals, created cashflow waterfalls, performed statistical analysis, including Monte Carlo simulations, and valued CMBS tranches to identify investment opportunities. The model used proprietary information on leases, tenants, economic factors, occupancy, NOIs, LCs, and TIs, and data from Trepp, Argus, and Bloomberg• Performed detailed due diligence on underlying loans and properties in prospective CMBS investments

Greater New York City Area

• Invested in distressed public and private CMBS bonds across all levels of seniority• Extensively analyzed underlying mortgages to assess overall credit risk and valuation• Invested over $500k in more than $2.5 million notional bonds. Returned over 4x capital to investors• Raised and managed a fund that invested in distressed public and private CMBS bonds across all levels of seniority. Generated 4.1x ROI• Raised and managed a pledge fund with a goal of purchasing and managing a distressed bank located in Michigan

Greater New York City Area

• Managed a team of two analysts that identified and evaluated investment opportunities in the Midwest banking market• Led due diligence on an equity infusion into an Ohio-based bank with $7.1 billion in assets• Performed fundamental analysis of community banks, including research of real estate and economic conditions

Greater New York City Area

• Conducted due diligence on prospective buyout opportunities of middle-market companies in a broad range of industries, including financial services, specialty manufacturing, branded products, and health and wellness• Extensively involved in the launch and execution of a $150 million generalist SPAC• My responsibilities spread across the firm and included fund raising, marketing, and investor relations

Greater New York City Area

• Analyst on the asset management team that invested in and managed capital allocated to alternative investment funds• Led the due diligence effort behind a $540+ million investment in Carlyle Partners Fund IV

Greater New York City Area

• Analyst on the asset management team that invested in and managed capital allocated to alternative investment funds• Led the due diligence effort behind a $540+ million investment in Carlyle Partners Fund IV

Washington D.C. Metro Area

• Evaluated the CFO function at client companies and then identified and detailed best practices to improve efficiency and performance

Mba, Finance

Activities and Societies: Teaching Assistant: Managerial Statistics, Decision Models

Ba, Economics

Education record