Director of Construction & Interim Finance, Multifamily @
Director of Multifamily Affordable - Multifamily @
Master of Science, Real Estate @
The Johns Hopkins University - Carey Business School
Experienced (22 years) Commercial Real Estate Finance Executive with fifteen (15) years of management experience, strong real estate acquisition, underwriting, debt structuring, risk, transaction analysis, negotiation, property and partnership assessment, financial evaluation skills and knowledge of Fannie Mae's multifamily secondary market Delegated Underwriting Servicing (DUS) Guidelines, HUD's Multifamily Accelerated Processing (MAP) Guide, market rate and affordable housing
Experienced (22 years) Commercial Real Estate Finance Executive with fifteen (15) years of management experience, strong real estate acquisition, underwriting, debt structuring, risk, transaction analysis, negotiation, property and partnership assessment, financial evaluation skills and knowledge of Fannie Mae's multifamily secondary market Delegated Underwriting Servicing (DUS) Guidelines, HUD's Multifamily Accelerated Processing (MAP) Guide, market rate and affordable housing products/programs.
Regional Director, Southeast Region, Office of Multifamily Housing @ Chief Multifamily Investment Officer of the Southeast Region. Lead a 200 person region and direct the multifamily investment activity including the underwriting of market rate, tax credit, affordable housing and FHA insured transactions; loan production, asset management, operations and customer relations. Multifamily transaction closings approximated $2 billion in 2014 and $1.7 billion in 2015. Responsible for managing and minimizing credit losses to the FHA insurance fund on a non-subsidized asset portfolio that approximates $10 billion in outstanding multifamily loans, approximately 173,000 apartment units and over 1,000 loans. Led the modernization and realignment of FHA’s multifamily business model, underwriting and asset management platform to accelerate transaction approval, better classify risk, streamline decision making and improve customer service. A member of the senior leadership team and former Chairman of the Multifamily Transformation Steering Committee. From December 2012 to Present (3 years 1 month) Director of Construction & Interim Finance, Multifamily @ Facilitated the selection of well capitalized lenders with multifamily construction lending platforms to fuel development of a $150M pipeline. Directly managed the efforts of customer account managers charged with sourcing, structuring, underwriting, negotiating, and closing market-rate/affordable multifamily, seniors and student housing construction and bridge loans. Presented analysis and findings to credit committee for approval. Raised the performance bar for loan productivity by:
- winning approval of $80M in new multifamily construction loans against a goal of $75M;
- developing a $150M pipeline of multifamily construction loans against a goal of $100M;
- securing approval of three new multifamily construction lenders against a goal of two;
- exceeded 15% rate of return for all approved transactions; and
- reduced watch list loans by 15% against a goal of 10%. From January 2010 to November 2011 (1 year 11 months) Greater Atlanta AreaDirector of Multifamily Affordable - Multifamily @ Held authority for the attainment of the Affordable Channel’s Multifamily (MF) and Financial Intermediary (FI) acquisition, loan delivery and credit facility production goal of $110MM.
Managed $200MM housing development credit book and co-led $700MM affordable MF permanent loan portfolio.Directly managed four business managers tasked with conducting loan pre-reviews prior to acquisition as well as risk analysis, deal structuring, lender assessment, term sheet development, credit memoranda preparation, legal negotiations and contract renewals. Played a pivotal role in further developing the lender portfolio. Represented unit as key contact in product line marketing and lender base expansion. From October 2007 to April 2010 (2 years 7 months) Greater Atlanta AreaManaging Principal @ Separate real estate acquisition, management and leasing companies. Created start-up real estate ventures, raised private investment capital and grew the enterprises from a single duplex property to 26 rental units and 3 small office buildings in mid-town Baltimore. Developed and implemented the firm's acquisition, financing, leasing, asset management and disposition strategy. From January 2000 to January 2010 (10 years 1 month) Baltimore, Maryland AreaLead Director - Housing & Community Development @ Led the Tallahassee, Orlando and Miami Florida office locations (complete staff of 9) in making strategic housing investments in targeted neighborhoods. Fulfilled the credit needs of for-profit and non-profit builders, developers, finance agencies and local governments to generate housing-related investments such as predevelopment, construction, bridge and permanent financing. From September 2006 to September 2007 (1 year 1 month) Greater Atlanta Area
Bachelor of Science, Management @ Morgan State UniversityMaster of Science, Real Estate @ The Johns Hopkins University - Carey Business SchoolMaster of Public Administration, Management @ The University of Baltimore Ruben J. Brooks is skilled in: Business Development, Product Development, Product Marketing, Cross Selling, Team Leadership & Motivation, Underwriting, Origination, Debt Structuring, Real Estate Due Diligence, Transaction Negotiation, Risk Assessment, Investment & Proforma Analysis, Portfolio Analysis, Property & Partnership Assessment, Asset Managment
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