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Columbia Capital Profile

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  • 1.
  • 2. Columbia Capital Consulting Group assists financial institutions, investors and advisors in achieving their real estate objectives with respect to non-performing or under-performing loans and assets as well as new loan and investment opportunities.
    Columbia Capital provides independent, client-focused consulting services through a proprietary methodology that includes:
    Assessment and documentation of asset status.
    Development of strategic resolution and recovery options.
    Implementation of recommended recovery and transaction strategies.
    Evaluation and management of portfolio level risk.
    Columbia Capital’s professional capabilities include experience in:
    Wide range of asset classes including land, residential and commercial development; and multifamily, affordable housing, office, retail, industrial, hospitality and condominium properties.
    Due diligence, market research, financial modeling and analysis, valuations, property and asset management, and construction completion services.
    Disposition, recapitalization, and transaction management and execution.
    Banking, risk management, capital adequacy analysis, and strategic planning.
    Columbia capital overview
    2
  • 3. Consulting reports
    ASSET ASSESSMENT
    STRATEGY & RECOMMENDATION
    CUSTOMIZED SOLUTIONS
    • Public Records Review
    • 4. Asset Status Review
    • 5. Loan Collateral Review
    • 6. Market Review
    • 7. Title Review
    • 8. Loan Resolution and Recovery Alternatives
    • 9. Asset Resolution and Recovery Alternatives
    • 10. Market Perception of Value
    • 11. Hold, Workout or Sell
    • 12. Reports Tailored to Client Scope, Timing and Budget
    • 13. Scope of Services Based on Client Requirements
    Consulting SERVICES
    CONTRACT ADMINISTRATION
    RISK ADVISORY
    TRANSACTION COORDINATION
    • Asset Stabilization
    • 14. Construction and Project Completion
    • 15. Asset Reposition
    • 16. Risk Management
    • 17. Credit Management
    • 18. Default Management
    • 19. Corporate Governance
    • 20. Management of Real Estate Brokerage
    • 21. Asset Marketing Plans
    • 22. Transaction Oversight
    3
  • 23. Asset Assessment Reports
    Asset Status Review
    Under development/construction
    Entitlements
    Assessments and mitigation fees
    Development
    Construction improvements
    Income-producing assets
    Operational review
    Lease review
    Income versus mark-to-market
    Identify issues that any owner will need to address
    Loan Collateral Review
    Provide complete and reliable due diligence file supporting the resolution or investment
    Market Review
    Determine current market inventory, assess supply and demand
    Identify specific competitive factors impacting or enhancing value
    Title Review
    Verify Lender collateral
    Compare legal descriptions on the deed(s) of trust with the legal description on the title
    4
  • 24. strategy & recommendation reports
    Assess and Critically Evaluate Loan Resolution and Recovery Alternatives
    Forbearance agreement
    Workout with borrower
    Receivership
    Deed-in-lieu of foreclosure
    Foreclosure
    Note disposition
    Assess and Critically Evaluate Asset Resolution and Recovery Alternatives
    For financial institutions, assess limiting factors
    Asset stabilization, reposition and rehabilitation
    Asset disposition
    Market Perception of Value
    Real estate principal approach
    Prepare analyses supporting recommendation(s)
    Provide Recommendation(s) to Hold, Workout or Position for Sale
    Recommendation(s) support decision making process for Client
    Evaluate of alternative courses of action
    5
  • 25. Asset Stabilization
    Preserve entitlements by extending active permits and applications
    Coordinate the conversion or release of bonds
    Order final inspections
    Ensure compliance with local, state and federal regulations
    Coordinate asset management, such as winterization, erosion control and site security
    Construction and Project Completion
    Complete partially constructed projects and buildings
    Coordinate architects, designers and engineers to complete design and permitting
    Provide representation with agencies and jurisdictions to obtain approvals and permits
    Manage general contractors and consultants needed to complete construction
    Coordinate final inspections and project close-out procedures
    Asset Reposition
    Assist in development of value accretion construction initiatives
    Manage general contractors and consultants needed to complete construction
    CONTRACT ADMINISTRATION SERVICES
    6
  • 26. TRANSACTION COORDINATION SERVICES
    Management of Real Estate Brokerage
    Select real estate brokerage
    Negotiate brokerage contract terms
    Assist in the Development of Asset Marketing Plans
    Create asset marketing strategies
    Work in conjunction with real estate brokerage to develop marketing materials
    Monitor status of the asset marketing plans and sales campaign
    Transaction Oversight
    Participate in the Buyer selection process
    Address Buyer inquiries through the feasibility period
    Provide assistance to Client’s attorney to facilitate the transaction closing
    7
  • 27. Portfolio Risk Evaluation
    Evaluate Risk Management Plan
    Evaluate Data Management Capabilities
    Evaluate Decision Capabilities
    Evaluate Default Management Capabilities
    Enhance Corporate Governance
    Provide Consulting for Bank Financial Considerations
    Real Estate Loans as a Percentage of Capital and Total Assets
    Criticized and Non-Performing Assets
    Tier 1 and Tier 2 Capital Adequacy
    Loan Loss Reserves
    Income Statement and Ability to Fund Loan Loss Reserves
    Bank’s Plan Beyond Distressed Asset Dispositions and Future ‘Right Sizing Plan’
    CAMELS
    Risk advisory services
    8
  • 28. Expertise to maximize Client recovery in full range of property types and financial structures
    Convenience of single-source, multidisciplinary advisory services providing efficiency, organization and process for Client
    Established alliances with professionals in the industry
    Combined knowledge of banking, real estate finance, investment and brokerage, development and construction, and marketing to identify and evaluate recovery options
    Team of accessible experienced professionals with proven workflow systems
    Professionals conscious of critical nature of current market and timing
    Due diligence capabilities to support Client recovery strategies and to assist potential buyers in feasibility and planning
    Client collaboration to craft comprehensive road map to resolve non-performing or under-performing real estate loans and assets as well as facilitate new business
    COLUMBIA CAPITAL CAPABILITIES
    9
  • 29. The Columbia difference
    Columbia Capital provides comprehensive, single-source solutions for due diligence, valuation and resolution needs.
    Holistic versus directed approach
    Assess all data points before making a recommendation to the client
    No limiting factors or ‘point in time’ boundaries
    Thorough, diligent research
    Ask the right questions and obtain all the relevant data
    With loans, review both collateral and asset values
    Diverse team of real estate and capital market professionals analyze individual aspects of each loan/asset
    Complete due diligence package
    Result of work is a reliable due diligence report/file
    Serves as a feasibility study for owners, sellers and buyers reducing potential for re-trading at closing table
    Clients receive practical and unbiased solutions without an agenda.
    Assessment of current market value
    As-is value including outstanding cost considerations
    Real estate ‘principal’ approach
    Assessment of multiple exit strategies and recovery options
    Recommended option for existing market conditions and implications for selecting alternatives
    10
  • 30. National Coverage
    Columbia Capital is headquartered in Seattle with nationwide Client Services Group coverage centered in New York, Philadelphia, Miami, Chicago, Dallas, and Southern California. Columbia is led by a seasoned team of banking, investment banking, and property consulting professionals and is solely focused on providing best-in-class client consulting, assessment, strategy, and execution services to institutional, corporate and professional services.
    www.columbiaccg.com
    HEADQUARTERS
    2722 Colby Avenue, Suite 515
    Everett, WA 98201
    (425)367-6200
    info@columbiaccg.com
    NORTHEAST
    (New York)Ken Spears
    Director(973) 868-9481
    kspears@columbiaccg.com
    Harry Mizrahi
    Chief Operating Officer(212) 362-1993 hmizrahi@columbiaccg.com
    NORTHWEST
    (Seattle)
    Ronald Cathcart
    Chief Executive Officer
    (425) 367-6217
    rcathcart@columbiaccg.com
    Roberta Fuhr
    Director
    (425) 367-6218
    rfuhr@columbiaccg.com
    Melanie Clark
    Director of Production
    (425) 367-6216
    mclark@columbiaccg.com
    Luke Thornton
    Project Manager
    (425) 367-6212
    lthornton@columbiaccg.com
    Dan Carlson
    Real Estate Analyst
    (425) 367-6213
    dcarlson@columbiaccg.com
    MID-ATLANTIC
    (Philadelphia)Bud Moscony
    Director(215) 771-6495 bmoscony@columbiaccg.com
    WEST
    (Newport Beach)Bud Moscony
    Director(215) 771-6495
    bmoscony@columbiaccg.com
    Carl Johnson
    Director(949) 637-1463 cjohnson@columbiaccg.com
    SOUTHEAST
    (Miami)Harry Mizrahi
    Chief Operating Officer(212) 362-1993 hmizrahi@columbiaccg.com
    MIDWEST
    (Chicago)George Marquisos
    Director(847) 417-2684 gmarquisos@columbiaccg.com
    SOUTHWEST
    (Dallas)Tim Lanier
    Director(214) 533-3368 tlanier@columbiaccg.com
    11
  • 31. Executive management
    Ronald Cathcart - Chief Executive Officer
    Ron’s wealth of experience in the financial services industry makes him the ideal leader for Columbia Capital. Having held numerous executive leadership positions in both domestic and international financial institutions, he was most recently the Chief Enterprise Risk Officer for Washington Mutual, the largest thrift in the US with $300B in assets, a 2,200 branch network and nationwide lending/administrative offices engaged in consumer and commercial banking services, credit cards, commercial real estate financing, and home loans. Ron had oversight responsibility for of all aspects of credit, market and operational risk as well as compliance, regulatory and internal audit. His invaluable risk management capabilities and thorough understanding of the regulatory framework which guides financial institutions uniquely position him to provide Risk Advisory Analysis (RAS) services to our clients. This unique portfolio analysis service delivers significant value from a loss mitigation perspective, and provides practical working solutions to executive officers.
    Ron has an A.B. in English from Dartmouth College and an M.B.A. in Finance from the University of Western Ontario – Richard Ivey School of Business.
    Harry Mizrahi - Chief Operating Officer
    With a 25-year career in investment banking and corporate and structured finance, Harry is integral in the development and management of Columbia Capital’s operations and national expansion. He has advised financial institutions, corporate clients and federal and state government agencies on real estate loans, assets and portfolios through positions as Managing Director, Structured Real Estate, at Ambac Assurance Corp., Principal at Eastbridge Ventures, Chief Operating Officer at American Spectrum Realty, Director at Salomon Brothers’ and Salomon Smith Barney’s Real Estate Investment Banking Groups, and Partner at Eastdil Realty. His experience also encompasses international finance, including the acquisition bid for Canary Wharf Group plc, a £6 billion property company.
    Harry has a B.A in History from Northwestern University, an M.B.A in Finance and Real Estate from Columbia University Graduate School of Business and was an M.P.A candidate at Harvard University John F. Kennedy School of Government.
    William Rich - Executive Vice President
    William (Bill) brings a strong financial management and strategic planning background to Columbia Capital. Bill is a CPA by profession with additional credentials in business valuation (ABV - Accredited in Business Valuation; and CVA - Certified Valuation Analyst) and management accounting (CMA – Certified Managerial Accountant. Bill has an MBA with a concentration in Management and Finance. He has several years of experience much of it involved in the turnaround and disposition of struggling divisions and subsidiaries of large publicly held companies such as Allegheny International, Henry Schein, Inc., and as the CFO of SMC Corporation. During the past nine years, Bill has built his own successful turnaround consultancy and developed long standing relationships with the special assets and workout groups of several regional and national banks. Bill also has advised business owners on Exit Strategies and methods to enhance business value. Bill’s experience and relationships are very well suited to the clients and services offered by Columbia Capital.
    Melanie Clark - Director of Production
    Melanie leads Columbia Capital’s Production, Contract Administration and Transaction Coordination teams including the company’s Project Managers and Real Estate Analysts as well as outside consultants, engineering firms and contractors. Her experience managing real estate development projects through the design, entitlement, construction, and completion processes allows her to provide the insight necessary to solve even the most complicated real estate issues. With years of progressive experience in land development entitlement, permitting and construction project management prior to joining Columbia Capital, Melanie has effectively managed land use development projects from feasibility analysis through construction, worked with professional engineers on specifying design parameters for projects, including site grading and infrastructure systems, and was responsible for the timely delivery of millions of dollars of residential development in the Northwestern region.
    Working with other members of Columbia Capital’s senior management, Melanie developed and implemented the company’s Asset Assessment and Strategy & Recommendation reports, processes, and procedures. She has comprehensive expertise in research, document review, preparation, editing and production. Melanie manages key staff involved in research, report production, and project completion.
    12
  • 32. Columbia capital contacts
    Ronald Cathcart
    Chief Executive Officer
    (425) 367-6217
    rcathcart@columbiaccg.com
    Harry Mizrahi
    Chief Operating Officer
    (212) 362-1993
    hmizrahi@columbiaccg.com
    William Rich
    Executive Vice President
    (541) 419-3249
    brich@columbiaccg.com
    Dusty Allen
    Board Director
    (702) 604-5267
    dallen@columbiaccg.com
    Melanie Clark
    Director of Production
    (425) 367-6216
    mclark@columbiaccg.com
    Roberta Fuhr
    Director
    (425) 367-6218
    rfuhr@columbiaccg.com
    Bud Moscony
    Director
    (215) 771-6495
    bmoscony@columbiaccg.com
    Ken Spears
    Director
    (973) 868-9481
    kspears@columbiaccg.com
    George Marquisos
    Director
    (312) 607-6020
    gmarquisos@columbiaccg.com
    Tim Lanier
    Director
    (214) 533-3368
    tlanier@columbiaccg.com
    Carl Johnson
    Director
    (949) 637-1463
    cjohnson@columbiaccg.com
    www.columbiaccg.com
    THIS PRESENTATION CONTAINS CONFIDENTIAL AND PROPRIETARY INFORMATION OF COLUMBIA CAPITAL CONSULTING GROUP, INC. (THE "COMPANY"). ANY RECIPIENT OF THIS PRESENTATION AGREES TO KEEP ITS CONTENTS STRICTLY CONFIDENTIAL AND AGREES TO USE THE CONTENTS FOR THE SOLE PURPOSE OF EVALUATING A BUSINESS TRANSACTION WITH THE COMPANY (THE "PURPOSE").  SUCH RECIPIENT AGREES NOT DISCLOSE THIS PRESENTATION EXCEPT TO OTHER MEMBERS OF ITS ORGANIZATION WHO (1) HAVE A NEED TO KNOW THE CONTENTS HEREOF FOR THE PURPOSE AND (2) AGREE TO KEEP THIS PRESENTATION CONFIDENTIAL ON THESE TERMS.
    13