Developed marketing materials for new group, including successful proposals for lead underwriter engagements with the City of Atlanta and Cleveland’s public housing authority. Contributed to winning and executing a $74 million Freddie Mac-enhanced swap. Provided extensive comments to direct purchase program legal documents to eliminate inconsistencies and better match bond and loan structures to interest rate hedges. Clients served included The Michaels Development Co., CFY Development (CA), and San Antonio Alternative Housing Corp.
BANC OF AMERICA SECURITIES LLC 2004 – 2006 Vice President, Public Finance Group
First hire by head of new Affordable Housing Team created to focus on developer driven and public housing authority transactions. Served as lead banker or day-to-day banker on publicly offered financings and direct purchases by Bank of America’s Community Development Bank. Completed 19 affordable housing transactions totaling more than $490 million. More than 75% of the transactions included LIHTC. Wrote successful proposals for engagements with public housing authorities in St. Louis, Spartanburg (SC), and Portland (OR). Senior managed transactions included public housing authority LIHTC transactions incorporating HOPE VI and capital grant securitizations. Clients served included Chicago Housing Authority, Related Apartment Preservation, Wood Partners, LDG Development (KY), Dallas Housing Authority, and The Community Builders. RBC Capital Markets (tka RBC Dain Rauscher Inc.) 2001 – 2004 Vice President, Public Finance Group 2003 - 2004 Associate, Public Finance Group 2001 – 2003 Served as day-to-day banker or financial advisor on 53 affordable housing financings totaling more than $600 million. More than 75% of transactions included LIHTC. Each year wrote four to six responses to formal requests for proposals from public housing agencies for investment banking services. Performed all financial analyses and rating agency required bond and mortgage cashflows for a variety of financing structures, including FHA/GNMA, FHA Risk Sharing, and Fannie Mae. Developed Excel versions of bond deal model and closing memo that improved accuracy and speed. Updated versions of those continue to be used by RBC bankers. Clients served included AvalonBay Communities, AHC Inc., CPDC, Clark Capital, The NHP Foundation, and The Bozzuto Group. FITCH RATINGS 1999 – 2000 Analyst, Public Finance Group
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