Richard Herstein

Richard Herstein Email and Phone Number

Retired Commercial Real Estate Finance Professional - Extensive Underwriting , Risk & Portfolio Mgmt. & Originations Experience
Richard Herstein's Location
Naples, Florida, United States, United States
Richard Herstein's Contact Details

Richard Herstein personal email

About Richard Herstein

Retired commercial real estate finance professional whose skill set was developed over a 30+ year career at GE Capital Real Estate, a former $90B+ commercial real estate lending, investing and services company.Expertise in Risk Management / Underwriting, Asset Management, Workouts / Restructurings, and Originations and Business Development. Experienced in all major collateral types (office, retail, industrial, multi-family) as well as many speciality property types (hotels, mini-storage, mobile home parks, etc.).Structures: straight debt, mezzanine debt, participating debt, standby commitments, equity.Familiar with primary and secondary domestic markets as well as major international markets.

Richard Herstein's Current Company Details

Retired Commercial Real Estate Finance Professional - Extensive Underwriting , Risk & Portfolio Mgmt. & Originations Experience
Richard Herstein Work Experience Details
  • Ge Capital Real Estate
    Managing Director - Asset Management
    Ge Capital Real Estate 2008 - 2012
    Norwalk, Ct
    -Asset managed and structured workouts for 33 troubled accounts including determination of appropriate strategy and subsequent execution. -Experienced in negotiating workouts/restructurings; foreclosure (judicial and non-judicial processes) with subsequent lease-up and sale; deed-in-lieu; discounted payoff; pay-in-full; etc.-Structured deed-in-lieu and leaseback on single tenant, special purpose property and negotiated rent at a 27% premium to market (created incremental $4M of value above appraisal). -Cross-sell new product to existing client base as means to jumpstart mezzanine debt joint venture.
  • Ge Capital Real Estate
    Managing Director - Buy-Side Loan Syndications And Investment Projects
    Ge Capital Real Estate 2003 - 2008
    Stamford, Ct
    -Developed buy-side loan syndication program resulting in $4.3B of volume and $220M of pro forma net income.-Cultivated ~ 100 new relationships with Wall Street, life insurance companies and large cap banks with active commercial real estate lending programs.-Created strategy to purchase $480M of underperforming office buildings in markets identified as possessing "early recovery" characteristics by defining program parameters, establishing target property characteristics and rationalizing markets.-Led international expansion by creating country study / business plans for Russia, Finland and Iberia.
  • Ge Capital Real Estate
    Managing Director - Risk Management
    Ge Capital Real Estate 1993 - 2003
    New York, Ny And Stamford, Ct
    -Developed commercial real estate valuation guidelines as a training tool for underwriters. Work product received U.S. Copyright registration (# TX0005209757) and Six Sigma Project of the Year honors.-Underwrote $12B of opportunistic acquisitions and financings (domestic and international) significantly growing and diversifying the portfolio.-Established underwriting and due diligence routines for large CMBS loans leading to $1.3B of volume.-Issued 20 operating policies and procedures thereby sharing best practices and ensuring consistent routines.-Prepared Board of Directors analyses re: risk assessment of existing portfolio, evaluated new investment products/programs and managed Market Research team in order to optimize portfolio.-Analyzed potential acquisition targets, led Risk Management integration of a $6B acquisition and co-developed $365M REIT convertible preferred stock portfolio.
  • Ge Capital Real Estate
    Regional Vice President - New York And New England
    Ge Capital Real Estate 1991 - 1993
    Stamford, Ct
    -Responsible for $1.7B / 165 account region yielding $30M of net income per year. -Hired and trained staff of 25 including Portfolio/Asset Managers and New Business Originators. -Proactively restructured 70 accounts ($1.1B).
  • Ge Capital Real Estate And General Electric Company
    Various
    Ge Capital Real Estate And General Electric Company 1977 - 1991
    White Plains, Ny, Stamford, Ct, New York, Ny And Syracuse, Ny
    -Eight progressive assignments including formal training in GE's Financial Management Program followed by both individual contributor and management roles. -Finance background leveraged to learn real estate fundamentals and risk factors. -Two separate Originator/Marketing roles sandwiched around Operations position which included third party due diligence, negotiation of loan documents, loan closing and portfolio management. -Selected to lead and hire Workout team charged with resolving troubled accounts.

Richard Herstein Skills

Due Diligence Asset Management Portfolio Management Financial Structuring Underwriting Risk Management Finance Mergers And Acquisitions Valuation Real Estate Commercial Real Estate Restructuring Capital Markets Business Ethics Risk Assessment Management Real Estate Economics Real Estate Financing Financial Risk Mezzanine Workout Financial Analysis Loan Origination Investment Properties Corporate Finance Credit Analysis Loyal Real Estate Transactions Debt Restructuring Private Equity Equities Financial Modeling Securitization Common Sense Originating Leadership Disposition Business Planning High Energy Level Work Ethic Debt Self Motivated Team Player/builder Team Oriented Highly Detail Oriented Loan Modifications Mentoring Sees The Big Picture Tdr Debt And Equity Financing Business Development

Richard Herstein Education Details

Frequently Asked Questions about Richard Herstein

What is Richard Herstein's role at the current company?

Richard Herstein's current role is Retired Commercial Real Estate Finance Professional - Extensive Underwriting , Risk & Portfolio Mgmt. & Originations Experience.

What is Richard Herstein's email address?

Richard Herstein's email address is rm****@****ail.com

What schools did Richard Herstein attend?

Richard Herstein attended University Of Connecticut School Of Business, St. Lawrence University.

What are some of Richard Herstein's interests?

Richard Herstein has interest in Personal Finance, Skiing, Physical Fitness, Landscaping, Tennis, Travel.

What skills is Richard Herstein known for?

Richard Herstein has skills like Due Diligence, Asset Management, Portfolio Management, Financial Structuring, Underwriting, Risk Management, Finance, Mergers And Acquisitions, Valuation, Real Estate, Commercial Real Estate, Restructuring.

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