Robert Laird Email and Phone Number

Managed portfolio of Other Real Estate Owned. Resolved development and maintenance issues. Reviewed all appraisals for accuracy and applicability of sales price. Sold Other Real Estate Owned. Populated and maintained an OREO data base for over 200 properties. Developed relationships with brokerage community, determining correct broker for each property.

Office/Retail/Multi-Family/Land DeveloperPrepared financial analysis for proposed financial restructurings and operating results projections. Prepared and presented numerous presentations to lenders. Developed comprehensive budget model to provide information necessary for meaningful decisions making in the severe recession. Developed comprehensive Global Cash Flow Model. Assisted in restructuring troubled assets. Prepared model to balance all family capital accounts, resulting in capital calls to several family members. Developed spreadsheet to simply balancing of the intercompany accounts. Performed comprehensive review of the company's insurance program, discovering and filling several gaps in coverage and implemented changes to simplify the insurance program. Developed model to track insurance payments. Performed review of all mortgages. Performed comprehensive review of all property taxes. Supervised all accounting functions, instituting numerous changes to streamline the process, improve the accuracy of the data and implemented several new internal controls.

Financial re-engineering of underperforming assets. Analyzed real estate, markets, developers and operating performance to develop restructure and/or exit strategies, facilitating a quick restructure and sale or long-term seasoning and restructure to facilitate a sale or refinancing, which would repay all debt and equity. Visit properties to evaluate on-site management, market conditions and physical condition of the property, replacing management company, if necessary. Monitor the strategies, on a weekly or monthly basis, to insure timely conversion of the permanent loan. Assisted developers, who lacked the proper infrastructure, with processing and closing loans or conversions to permanent loans, some of these loans were 4 years past due. Developed and implemented a process for reviewing the financial performance of assets resulting in recommendations for recognition of potential losses and satisfying the requirements of Sarbanes-Oxley for reviewing asset quality. Review all legal documents to insure that all requirements for conversion to permanent loans and funding of equity installments are being met or developed strategies to meet all requirements. Present action plans to committees. Monthly update of risk ratings and quarterly updates of the Watch List. Coordinate legal action with outside counsel. Monitor construction/development budgets, both cost and timeline. Prepare regular updates of the Sources and Uses of Funds. Assist other Asset Managers with development and financial issues. Perform regular property inspections, correcting issues noted in the property inspections.In one year, collected all the principal and interest on $105,000,000 in non-performing loans. Two of these loans showed a $10,000,000 loss to the company, when I started working on them.

Financially structured proposed investments. Prepared financing application for LIHTC & Multi-Family Housing Revenue Bonds. Handled asset management functions for properties under development/construction and operational. Supervised Accounting Department. Responsible for cash management. Supervised the annual audit, resulting in over $1,000,000 in immediate cash flow to owners in one year. Improved tax-exempt bond application preparation process, resulting in reduced processing time and more accurate and successful applications. Reorganized accounting and financial reporting process, improving accuracy and timeliness of monthly and annual reporting.

Originated and closed financings, taxable and tax-exempt. Reviewed Qualified Allocation Plans and established successful strategies for obtaining tax credit and tax-exempt bond allocations. Developed successful projects in Texas, Florida and Indiana. Prepared detail financial analysis of proposed and current LIHTC developments. Located properties required for successful allocations. Reviewed comparable properties in the marketplace to determine successful unit mix, amenities and rent structure. Provided direction to the architects and engineers. Monitored the construction to insure completion on time and within budget. Hire and/or supervised the property management function to insure timely lease-up and delivery of tax credits. Assisted Development Team regarding all development issues. Closed a tax-exempt bond transaction, assuming the responsibility immediately prior to losing the allocation, solving many development issues. Resolved many development and financial issues on properties under development, resulting in several successful projects. Successfully completed troubled rehab, resolving problems with construction, financing and HUD inspections.

Prepared Georgia tax credit applications, obtaining supporting documentation.Received tax credit awards on all three applications submitted.

Performed asset management function on all properties. Reviewed Qualified Allocation Plans and established successful strategies for obtaining tax credit and tax-exempt bond allocations. Performed or supervised entire development process through certificate of occupancy, management company selection and lease-up. Supervised the accounting department. Originated and closed all debt and equity financings. Originated, structured, negotiated and closed a joint venture with a major financial partner, satisfying all capital requirements. Developed successful projects in Indiana, Texas, Alabama and South Carolina. Developed strategy, structured and obtained the award of tax credits for five projects. Originated and closed several bond financed deals and taxable debt financed deals. Installed new Timberline accounting and management information system.

Supervised accounting for 110 properties, consisting of approximately 5,500 units and various other corporations and investment companies. Responsible for all cash management. Developed and implemented process for annual cash flow distributions, reducing processing time by 65%. Reorganized annual audit process reducing audit time by over 50%, completing 110 audits in 3 weeks. Developed and implemented tax credit strategy, financial structuring, tax credit application preparation, and debt and equity financing, managed the entire development process, including property location, design, tax credit application, etc. Developed strategy, located property, supervised design and prepared the tax credit application for the top scoring application in its round. Structured and prepared successful tax credit applications in California, Hawaii and Oklahoma. Structured and supervised the rehab of a property in Oklahoma City, enabling the owner to sell the property for a substantial profit.