Will C.

Will C. Email and Phone Number

Director of Acquisitions and Asset Management — East Coast @ Zapolski Real Estate LLC
Durham, NC, US
Will C.'s Location
Durham, North Carolina, United States, United States
Will C.'s Contact Details

Will C. work email

Will C. personal email

n/a
About Will C.

Intense focus on improving underperforming real estate through 20 years of acquisitions, asset management, and project finance. Currently focused on acquisitions and development in the Carolinas and Virginia, with $200MM in acquisitions since 2019. Past experience includes principal asset management of distressed CMBS and REO properties exceeding $2B in cumulative value across 40,000 apartment and manufactured housing units in most major markets. Structured finance experience includes C-PACE, affordable housing bonds, LIHTC, and CMBS in addition to acquisition, redevelopment ,and permanent financing. Acquisitions include warehouse, flex, strip and grocery-anchored retail centers, multifamily, mixed use, and manufactured housing communities in markets of all sizes across 40+ states.Prior work in the DC area included asset and financial management for one of the largest residential owner/developers in the Mid-Atlantic (40+ properties and sourcing of $300MM+ in acquisition, rehab, construction, and permanent loans); feasibility analysis of 2.5mm gsf for the largest privately-held commercial developer in the metropolitan area, responsible for preliminary work on retail and residential projects.Specialties: acquisitions, special servicing operations, distressed properties, asset repositioning, LIHTC, bond finance, property operations, structured finance, asset rehabilitation, workouts, due diligence, financial forecasting, property inspections, FNMA and REAC inspections, troubled assets, watch list properties, multifamily, manufactured housing.

Will C.'s Current Company Details
Zapolski Real Estate LLC

Zapolski Real Estate Llc

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Director of Acquisitions and Asset Management — East Coast
Durham, NC, US
Will C. Work Experience Details
  • Zapolski Real Estate Llc
    Director Of Acquisitions And Asset Management — East Coast
    Zapolski Real Estate Llc
    Durham, Nc, Us
  • Durm Development
    Principal
    Durm Development Aug 2012 - Present
    Raleigh-Durham, North Carolina Area
    Real estate development and advisory firm focused on repositioning and stabilizing undervalued properties. • Development manager for 7ac parcel in a Durham, NC Opportunity Zone -- created development plan, secured tenants, managed construction, and secured additional investment capital. • Acquisition and strategy for 200,000sf CBD office property in Winston-Salem• Entitled 90ac parcel in Berkshires for startup hospitality + retail venture with second venture in Vermont underway• Advised and restructured management of 1500-site manufactured housing portfolio• Review and underwrite CMBS loans for B-piece purchasers• Underwriting and transaction structuring for a 20,000sf mixed-use non-profit development in Asheville sponsored by Opportunity Appalachia• Underwriting for an historic hotel renovation in Western North Carolina sponsored by Opportunity Appalachia
  • Cityplat
    Director Of Investments
    Cityplat Aug 2022 - Jun 2024
    Raleigh-Durham-Chapel Hill Area
    Acquisition and investment underwriting for a privately-held firm focused on North Carolina. Responsible for underwriting and due diligence, collaborating with principals on debt and equity sourcing, creating business plans and initial budgets, and providing mentorship to early career brokers. Primarily focused on warehouse/flex (10k-350k) and retail (10k-150k) in addition to industrial, land, and redevelopment opportunities. Created pro formas and completed due diligence for more than 45 properties.
  • Hem + Spire Llc
    Vice President Of Acquisitions
    Hem + Spire Llc Jun 2019 - May 2021
    Raleigh-Durham, North Carolina Area
    Hem + Spire focuses on reinvigorating underperforming and underutilized urban properties throughout the Southeast. • Opened new markets through broker outreach and off-market acquisitions• Refined investment profile and co-managed investor outreach• Negotiated and closed $29MM of acquisitions and 140,000sf, including new market and follow-on purchases• Maintained acquisition models in Salesforce and ARGUS• Negotiated acquisitions and permanent loans, negotiated loan documents
  • Cleanfund
    Vice President, Originations
    Cleanfund Jan 2018 - Jan 2019
    Raleigh-Durham, North Carolina Area
    Led a 4-member remote team of analysts and associates for a C-PACE capital provider; funded more than $130MM to improve resiliency, increase energy efficiency, and upgrade building systems for properties nationwide.• Served on leadership team, collaborated on Series B negotiations and annual corporate goals• Co-managed transaction pipeline, mitigating credit and deal structure hurdles• Senior point of contact for complex, assessment-based financial instruments • Continually revised the customer journey, identifying failure points• Managed relationships with capital and lending sources, negotiated pricing and deal terms• Helped structure the largest C-PACE transaction at the time to upgrade a hospital’s seismic resiliency• Helped complete structuring of an early HTC + C-PACE transaction to replace mezzanine debt of $12MM• Underwrote and structured project finance for golf courses, manufactured housing, and shopping centers• Completed C-PACE transactions in six states
  • Cleanfund
    Director, Underwriting
    Cleanfund Feb 2017 - Jan 2018
    Sausalito, Ca
  • Has Capital, Llc
    Acquisitions And Operations Advisor
    Has Capital, Llc Jan 2013 - Jan 2017
    Greater Chicago Area
    Acquisitions and Operations advisor to a value-oriented equity and debt fund in manufactured housing. Through two $200MM+ investment funds, the fund invests in property, loan portfolios, and chattel lending.• Analyzed and forecast profit and loss statements, tax histories, home/chattel values, borrower and collateral creditworthiness, and assumptions for $415MM loan portfolio• Crafted investment plans for $60MM portfolio of RV and MH communities in three states
  • Cw Capital
    Asset Manager
    Cw Capital Oct 2009 - Sep 2012
    Washington D.C. Metro Area
    Direct oversight and operational responsibility for the rehabilitation, repositioning, operations, and disposition of a $750MM commercial real estate portfolio consisting of more than 60 multifamily and manufactured housing properties nationwide. Built and led management and consulting teams to maximize portfolio performance, consisting of 30,000 units and 5,000 pads in REO properties, non-performing and sub-performing loans, and other investment vehicles. Motivated and directed property teams through the creation and execution of 12-24 month recovery plans.Assertive, hands-on oversight provided through weekly calls and frequent physical inspections. Regularly analyzed and presented gain/loss projections and hold/sell recommendations to senior management, in-house credit committee and third party bondholders. • Selected and managed, as required by CMBS Pooling and Servicing Agreements, over 100 property management and brokerage teams to maximize value for each property and loan Directed or created: - Generated Operational, capital, and repositioning plans- Property manager and broker selection process- Third party service providers: law firms, real estate tax consultants, title companies, environmental consultants, appraisers, contractors, property inspection firms • Reviewed complex documentation and integrated relevant and pertinent issues related to Deeds of Trust and associated loan documents, third party reports, notices of default, foreclosures, REMIC, and the Pooling and Servicing Agreements • Maintained key client relationships with bondholders• Negotiated and executed PSAs • Coordinated across teams — accounting, surveillance, loan workout, legal, appraisal, and risk management• Drafted semi-annual asset business plans presented to credit committee • Calculated property valuations on quarterly basis• Conducted site inspections to include market analysis, competitive position, property conditions and progress toward plan
  • Mma Financial
    Asset Manager
    Mma Financial Jan 2007 - Jan 2009
    Baltimore, Md
    Lender and Partnership representative for portfolio of 20-50 distressed assets nationwide. Directly supervised management companies, attorneys, and consultants, selected insurance coverage, contractors, and settled lawsuits. Cooperated with General Partners in workout/distressed asset situations and reported to institutional and private investors.• Created operational, capital, and repositioning plans• Negotiated forbearance agreements, and debt restructuring with lenders and state housing authorities, including the reissue of tax exempt bonds.• Reviewed complex documentation and integrated relevant and pertinent issues related to Deeds of Trust and associated loan documents, third party reports, LIHTC allocation agreements, and affordable housing bonds• Coordinated with divisional units within the company — portfolio and fund management, finance, accounting, surveillance, legal, and risk management• Worked closely with outside counsel to address pending legal action on behalf of the Partnership
  • Lerner Enterprises
    Feasibility Manager
    Lerner Enterprises Jan 2005 - Dec 2006
    Washington D.C. Metro Area
    Worked with development team of the largest privately held owner in DC Metro area. Under direction of VP of Development, analyzed financing, entitlement, and construction schedules for office, apartment, retail, and condominium projects with a construction budget in excess of $750MM. Reviewed DDs, CDs, and change orders, managed construction draws.• Directed legal and marketing for condominium projects with projected sales of $500MM. • With construction teams, identified project savings in excess of $25 million.• Collaborated with engineering team to meet zoning, stormwater, landscaping, and safety regulations.• Identified, entitled, and negotiated the LOI for a 200 acre brownfield site in Front Royal, VA.
  • Kettler, Inc.
    Asset Management And Project Finance
    Kettler, Inc. 2003 - 2005
    Washington D.C. Metro Area
    Asset manager for 40 property portfolio of LIHTC, market rate, luxury, and high-rise apartments in Washington DC Metro. Frequent and close collaboration with property management from site teams to executive level. • Directed annual budgeting with revenues of $100MM+• Secured $300MM+ in debt for acquisitions and permanent financing• Reviewed and presented operational reports with ownership and partners• Shadowed and advised development teams and property management from initial delivery through completion of lease up
  • Downtown Development Group
    Acquisitions And Development Analyst
    Downtown Development Group Jun 1998 - Jan 2003
    New York, New York
    Boutique real estate development firm specializing in rehab and adaptive reuse of historically significant Manhattan properties. Worked with senior executives to identify and close off market transactions, primarily of architecturally significant properties in transitional areas. Projects ranged from multi-story townhouse conversions (107 Waverly Street and 335 West 22nd) to conversion of commercial buildings into condominium use (66 Leonard Street). • Completed initial zoning and envelope studies• Aided in core and unit layouts for multi-unit and office conversions• Worked with architectural team on submissions to NYC Landmarks Commission• Responsible for landlord and tenant compliance and negotiations• Abstracted and modeled commercial and retail leases
  • Foreign Buyers Club Usa
    Freelance Website Designer
    Foreign Buyers Club Usa Sep 1996 - Feb 1998
    Kobe, Hyogo, Japan
    While living in Japan (September 1996-February 1998), I worked as a freelance tech support consultant. One of my major accomplishments was working with Foreign Buyer's Club, which imported goods from the US, Europe, and Oceana originally for the expatriate community in Japan and then for a growing domestic customer base. I designed and coded a significant website update that incorporated a shopping cart component, which in 1997 was still pretty new. They were patient with my developing skills and great people to know.

Will C. Skills

Reo Commercial Real Estate Asset Management Distressed Property Due Diligence Foreclosures Lihtc Structured Finance Investment Properties Property Water Conservation Workout Distressed Debt Leases Real Estate Economics Apartments Finance Real Estate Transactions Real Estate Owned Investments Renewable Energy Municipal Bonds Renewable Energy Policy Pace Conference Speaking

Frequently Asked Questions about Will C.

What company does Will C. work for?

Will C. works for Zapolski Real Estate Llc

What is Will C.'s role at the current company?

Will C.'s current role is Director of Acquisitions and Asset Management — East Coast.

What is Will C.'s email address?

Will C.'s email address is in****@****ide.com

What skills is Will C. known for?

Will C. has skills like Reo, Commercial Real Estate, Asset Management, Distressed Property, Due Diligence, Foreclosures, Lihtc, Structured Finance, Investment Properties, Property, Water Conservation, Workout.

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