Steve Kalka Email & Phone Number

Miami Beach, Fl

Miami/Fort Lauderdale Area

Responsible for comprehensive oversight of asset management and business plan execution of the firm’s nationwide real estate investment and development projects.

Miami/Fort Lauderdale Area

Direct and mentor a team of 6 Asset Managers (AM's) responsible for resolving a complex portfolio of non-performing construction / commercial real estate loans in the US and Puerto Rico for banking and investment fund clients with aggregate UPB of $400MM+, resolving $150MM+ to date since 2011. Significant focus on resolving FDIC "Loss Share" portfolios. Hands-on management of the firm's largest and highest risk assets, both loans and REO, requiring renovation, stabilization, legal negotiations, and/or environmental mitigation. Responsible for review and approval of AM's workout / resolution strategies and supporting analysis including detailed borrower & guarantor financials, property operating statements, and NPV / DCF models, ensuring each proposal represents the highest value, least loss option available. Oversee team portfolio of litigation and bankruptcy cases in various jurisdictions, driving successful resolutions while continuously monitoring litigation and holding costs against asset valuation. Maintain strict compliance with client policies & procedures, and FDIC / regulatory agency guidelines. Collaborate with clients to develop quarterly reporting templates and protocols, including individual asset status reports, loan level cash flow models, and various portfolio statistical reports. Led the firm's application for an initial CMBS Special Servicer ranking from Fitch, Moody's, and S&P. Coordinated multi-department project to complete comprehensive application package including creating new policies and procedures, special servicer profile, agency questionnaires, detailed portfolio data, and on-site presentations.

Miami/Fort Lauderdale Area

Promoted to Sr. PM in 2003 and gained significant experience managing complex commercial real estate development / value-add / reposition projects. Project types included office, condominium (commercial and residential), retail, multifamily, and hospitality. During tenure as Sr. PM, directly negotiated or contributed significantly to over 100 transactions, with total aggregate value in excess of $500MM. Project oversight responsibilities included acquisition due diligence; market research; detailed proforma and budget creation; asset valuation; negotiation and review of legal documentation; application to various municipalities for zoning and/or land use change; construction oversight; engage and manage various service providers such as architects, contractors, legal counsel, property managers; financial statement review and approval; and creation of quarterly reports for senior management and investors.

Miami/Fort Lauderdale Area

As Senior Transaction Analyst in Bayview's Commercial Lending Group, managed entire lending process from initial underwriting to closing, including Borrower / Guarantor financial analysis, coordinated internal and external diligence, ordered and reviewed title, on a rolling pipeline of 15-20 loan originations / acquisitions. Closed most transactions within 3-4 weeks from submission. Typical loan amounts ranged between $300M - $7MM, on all income-producing property types. Worked closely with IT to implement underwriting model fixes, enhancements, and reporting functions, improving data collection, efficiency, and portfolio insight.

Albany, New York Area

While at Axiom, a boutique CRE financing and advisory firm, I cultivated my commercial real estate foundation, including financial modeling, loan analysis, and financial materials creation. I played a integral role in expanding the firm's technology capabilities by modernizing the computer network, developed a contact database to better target financing proposals, and created the firm's initial website, brochure, and national advertisements. Saved approximately $100k annually, and hundreds of man-hours by transitioning financing proposal distribution online.