J. Richard Budd Email & Phone Number

United States

Secaucus, New Jersey, Us

• Led the transition from COO to CEO post-Chapter 11, overseeing the creation of AIRN Management LLC and AIRN Holdco LLC.• Collaborated with Debtors and Unsecured Creditors Committee to ensure smooth transition and approval of new roles.• Implemented strategic decisions to navigate the wind-down process and drive recoveries for NRIA investors

Advisor and Crisis Manger to Investors & Stakeholders in :Commercial Real Estate restructuringsMultifamily dispositionsSingle Family RentalsHospitality assets

New York, Ny, Us

• Led commercial real estate workouts and multifamily dispositions, overseeing timeshare/hospitality investments for Silverleaf Resorts, Inc and Exploria Resorts, Inc.• Chaired board of director positions for various companies, including First Key Homes, specializing in single-family rentals.• Developed strategic plans and executed successful transactions in the Greater New York City Area.

• Led the Business Credit Group as the largest US residential land lender with $5B in investments.• Managed US land disposals and chaired the Special Assets Group.• Interfaced with the Federal Reserve on Classified Assets.

New York, New York, Us

• Led distressed company advisory and crisis management in various industries such as commercial real estate and healthcare.• Developed strategic plans for clients to navigate financial challenges and operational issues.• Achieved successful turnarounds for multiple companies, resulting in increased profitability and sustainability.

Wayne, Pennsylvania, Us

• Coordinated bankruptcy reorganization and plan confirmation for Metallurg Holdings Inc.• Led public debt offering and Commercial Real Property Dispositions.• Oversaw eventual sale of company, ensuring smooth transition and maximizing value.

New York, Ny, Us

Distressed Advisory Consultant:Retail Lease Restructurings NYC

Amsterdam, Nl

• Led the liquidation of classified real estate assets, including residential land investments and commercial office restructurings, resulting in successful completion of ABN AMRO's "Bad Bank" project.• Managed multifamily joint ventures to maximize profitability and minimize risk for Euram Management, Inc.• Developed strategic plans to optimize asset value and ensure efficient liquidation processes.

• Led Commercial Asset Recovery Group & Commercial Real Estate Group, overseeing credit and asset-liability committees.• Acted as Chief Liaison with Federal Reserve and NY State Banking Examiners.• Implemented strategies to optimize asset recovery and real estate investments for European American Bank.