Rick Hillard

Rick Hillard Email and Phone Number

Investment Manager of Real Estate Joint Ventures at Carpathian Capital Management | Building Relationships, Projecting and Analyzing Results, Driving Investment and Business Returns. @ Carpathian Capital Management
edina, minnesota, united states
Rick Hillard's Location
Greater Minneapolis-St. Paul Area, United States
Rick Hillard's Contact Details
About Rick Hillard

Real estate and financial professional with over 15 years of industry experience in Asset Management, Build for Rent, Builder-Developer Joint Venture Acquisitions, Real Estate Owned (REO), Financial Analysis, and Mortgage Lending.Strong ability to prioritize tasks to produce optimal, accurate, and effective results optimizing returns on investments. Proven desire to succeed displayed through teamwork and a positive, results-oriented attitude. Delivers value by continually improving workflow processes, taking on new challenges, and problem solving. Values workplace organization, clear communication, and workplace/client relationships. Areas of expertise include:Cash Flow Projection Modeling | REO – Real Estate Owned | Portfolio Underwriting | Land DevelopmentProject Budgeting | Investment Management | Bonds | Property Sales & Purchase Offers | Property TaxesMortgage Lending | Home Building | Bank Loans – Acquisition, Development, Vertical | Real Estate Marketing | Microsoft Office – Excel, Word, Outlook | Organizational Specific Programs - PLUTO

Rick Hillard's Current Company Details
Carpathian Capital Management

Carpathian Capital Management

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Investment Manager of Real Estate Joint Ventures at Carpathian Capital Management | Building Relationships, Projecting and Analyzing Results, Driving Investment and Business Returns.
edina, minnesota, united states
Employees:
4
Rick Hillard Work Experience Details
  • Carpathian Capital Management
    Investment Manager – Real Estate Joint Ventures
    Carpathian Capital Management Jun 2021 - Present
    Minneapolis, Minnesota, United States
  • Watermark Equity Group
    Investment Director
    Watermark Equity Group Nov 2020 - Jun 2021
    Greater Minneapolis-St. Paul Area
    Responsible for overseeing Watermark’s build for rent communities from acquisition through dissolution and maximizing investment performance and returns:• Managed 3 build for rent projects in the Twin Cities metro totaling $30mm in equity and $70mm in bank debt.• Maintained a constructive and highly interactive relationship with multiple project stakeholders while maximizing the portfolio’s creation of economic value.
  • Mountain Real Estate Capital, Llc
    Investment Manager - Senior Asset Manager And Financial Analyst
    Mountain Real Estate Capital, Llc Aug 2009 - Oct 2020
    Greater Minneapolis-St. Paul Area
    Hands-on analysis and management of direct and joint venture real estate investments from acquisition to investment close:• Managed 10 Total Residential Developer/Builder Joint Venture investments across 12 residential projects with Veridian Homes of Madison, WI from July 2012 to March 2020 from start to finish.• Total peak/committed capital across the 10 Investments totaled $71.3M and returned $47.1M in total profits (1.66x Multiple) and a 26% internal rate of return.• Co-Authored joint venture investment memorandums for internal and external investment approval. • Developed Excel cash flow financial models for Veridian Equity Re-Cap of $19.5M. The new JV returned $10.7M profits, 69.6% IRR/1.55x.• Maintained developer/builder business partner communication through weekly calls in addition to monthly/quarterly site visits for project inspections and consulting on business process improvement.• Completed monthly/quarterly cash flow projections,• Period-end presentations of approved plan variances to accounting and executive leadership teams.• Monitored key performance indicators such as sales, revenue, margins, land development/bank lines, vertical construction/bank lines, vertical speculative model home inventory, and market trends.• Monitored cash balances/project budgets to approve weekly developer/builder expenditures and monthly investor distributions. Total Gross investor distributions from Veridian Homes relationship totaled $118.4M.• Managed an Illinois REO First Midwest Bank Portfolio with a UPB of $23.7M and peak equity of $4.8M. In 24 Months, the portfolio returned $2.3M in profits & 19.9% IRR/1.48x to investors.• Individually managed/closed 49 individual REO/Loan investments within 3 MREC Portfolios located in South Carolina and Georgia. Portfolios returned $8.8M in Profits on $52.5M of peak capital.• Assisted in underwriting the potential acquisition of 20+ Bank REO Portfolios.
  • Gmac/Residential Capital Corporation
    Financial Analyst
    Gmac/Residential Capital Corporation Feb 2008 - Aug 2009
    Greater Minneapolis-St. Paul Area
    Assist BCG REO Division with valuation and reporting on REO portfolio.• Involved in the workout and disposition of GMAC-ResCap’s $2.7B loan portfolio after ‘08-‘09 recession.• Completed discounted cash flow analysis on REO portfolio to support REO management.• Managed, Improved, and maintained valuation tracking files summarizing REO assets.• Completed annual budget process for all REO assets and revised/improved budgeting templates.• Assist REO management with Ad-hoc Financial Analysis reporting for internal and external requests.
  • Gmac/Residential Capital Corporation
    Trading Sales Associate
    Gmac/Residential Capital Corporation Jul 2006 - Feb 2008
    Greater Minneapolis-St. Paul Area
    Managed the purchase, registration, and funding of mortgage loans prior to securitization.• Primary daily function was done on the trading floor/call desk answering broker calls for pricing.• Resolved price disputes involving various asset purchases through financial/system analysis.• Assisted development of TSA training guide improving training time and performance of the desk.• Coordinated TSA use of shared information hub, increasing communication across the desks.• Improved management of expired commitments during volatile market by coordinating required information for appropriate parties, closing approximately $200M in outstanding obligations.• Interacted with Traders to understand current market conditions and resulting pricing criteria.• Promoted to TSA team lead in 9 months; primary client and ResCap contact on the TSA desk.
  • Bridge Capital Corporation
    Loan Consultant
    Bridge Capital Corporation Jun 2004 - Jul 2006
    San Francisco, California, United States
    Completed all forms of mortgage financing for clients nationwide through mortgage broker.• Driven mindset, personally closed 45 loans in 2 years start to finish, resulting in $225,000 in gross income.• Demonstrated multi-tasking skills by managing multiple lenders/clients through the loan process.• Obtained a comprehensive knowledge of the retail side of the mortgage industry.

Rick Hillard Skills

Asset Management Portfolio Management Management Finance Valuation Real Estate Due Diligence Investments Mortgage Lending Investment Properties Financial Modeling Loans Analysis Budgets Real Estate Economics Asset Managment Training

Rick Hillard Education Details

Frequently Asked Questions about Rick Hillard

What company does Rick Hillard work for?

Rick Hillard works for Carpathian Capital Management

What is Rick Hillard's role at the current company?

Rick Hillard's current role is Investment Manager of Real Estate Joint Ventures at Carpathian Capital Management | Building Relationships, Projecting and Analyzing Results, Driving Investment and Business Returns..

What is Rick Hillard's email address?

Rick Hillard's email address is ri****@****ail.com

What is Rick Hillard's direct phone number?

Rick Hillard's direct phone number is +195293*****

What schools did Rick Hillard attend?

Rick Hillard attended Wartburg College, University Of Nottingham.

What are some of Rick Hillard's interests?

Rick Hillard has interest in New Technology, Baseball, Basketball, Financial/real Estate News, Music/guitar, My Family, Softball.

What skills is Rick Hillard known for?

Rick Hillard has skills like Asset Management, Portfolio Management, Management, Finance, Valuation, Real Estate, Due Diligence, Investments, Mortgage Lending, Investment Properties, Financial Modeling, Loans.

Who are Rick Hillard's colleagues?

Rick Hillard's colleagues are Julie Ann A., Matt Forster, Eric Bialke.

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