Experience

October 1993 – Present
Price & Marshall, Inc.
Senior Managing Director, Principal

Corporate equipment and real estate financing boutique specializing in securitization and placement of debt and equity on equipment and real estate secured by net or semi-net leases.

Providing the following corporate services:

• Placement of securitized and unsecuritized debt in the domestic and international markets
• Private placement of equity in equipment and real estate to domestic and international clients
• Advisor to principal banks of Eastern European nations on corporate and project financing through affiliates
• Construction and permanent financing on corporate real estate projects
• Advisor to corporations on financing equipment and real estate
• Advisor to institutional investors liquefying existing private placements, secured and unsecured, in their loan portfolios on a direct sale of assets or mortgage securitization basis

March 1990 – October 1993
Bear, Stearns & Co. Inc.
Managing Director

Structuring, negotiating and resolving problems in project financing, securitization of commercial mortgages and corporate financings of real and personal property.

Examples include:

• Acted as advisor in reviewing and structuring international project financings including hotels outside Paris, France
• Advising institutional investors in whole loan sale and securitization transactions in upgrading commercial mortgage loan portfolios, financing and disposition problems related to real estate (OREO) and non-performing mortgage loan holdings
• Financing for major corporate facilities in corporate, mortgage and international debt and equity markets
• Client relationships at senior levels at both corporate and institutional investors

March 1985 – March 1990
Drexel Burnham Lambert Incorporated
Executive Vice President, DBL Realty and Managing Director, Corporate Finance

• Managed a group responsible for over $1 billion a year of secured financings
• Evaluation of corporate credit, mortgage and real estate collateral for investment grade structured financings.
• Advisory work on international project financings including oil, electric and transportation facilities in newly independent states in Eastern Europe
• Direct placement of whole loans and securities to institutional investors; Structured and placed financings for corporate and individual property owners on a leveraged lease and institutional equity basis.

1968 – March 1985
Merrill Lynch & Subsidiaries
Group Vice President, Managing Director

Professional activities over 18 years concentrated in debt and equity asset financing at senior levels.

Managerial responsibility for business units including:

• Manager of the Private Placement Department over the 1970-1980 period; Founder of Merrill Lynch Leasing
• Director of Merrill Lynch International Bank (London) on oversight committee for all overseas loans, including loans to Europe, Africa, Latin America and the Middle East
• Chairman of Investment Committee Merrill Lynch Leasing (1976-1982), with authority over all principal and underwritten transactions as well as bridge financing of real estate and equipment
• Co-head of Commitment Committee 1978-1982 with oversight over public debt and equity corporate offerings

Types of International Financings include:

• Offshore oil platforms – North Sea and Gulf of Mexico
• Aircraft Leasing/Financing – British Airways, KLM, Lufthansa, SAS
• Paper and Power plants – Africa and Latin America
• Pipeline and Terminal Facilities – Latin America and Africa

Education

Columbia University School of Business, M.B.A
Syracuse University, B.A.