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jobs
Specialize in providing bespoke and optimal solutions to your real estate assets..
Michelet Romulus
,
Watford, United Kingdom
Experience
Other titles
Skills
I'm offering
I have been working in the real estate sector for over 13 years. I have extensive experience in asset management of commercial real estate loans and distressed properties. I have also successfully executed the sale and worked out of many complex properties in multiple jurisdiction such as Germany, Finland, UK, France and Spain. I also have experiences in the development of deals origination, structuring and asset management post completion. I am fluent in English, French, Dutch and Spanish ideal to transact and asset manage assets in these jurisdictions. I am a hard working person and a very fast learner. No job is too small.
Markets
United Kingdom
France
Links for more
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Language
English
Fluently
Spanish
Fluently
French
Fluently
Dutch
Fluently
Ready for
Larger project
Ongoing relation / part-time
Full time contractor
Available
My experience
2015 - ?
job
Director
Rhino Investment Management LLP.
Full Time Position
Real Estate Asset Management
Responsibility
I have been working on Pan-European commercial real estate transactions whereby I sourced new opportunities with sponsors, I help them in putting together business plan for financing, I provide asset management services post-closing. In some cases I worked as a Director on transactions the clients have restructured from administration to new joint venture structure.
On these commercial real estate transactions, my main responsibilities were:
• To firstly source and to identify through my CRE network opportunities in Europe and to help in the development of appropriate Business Plan for the purpose of acquiring International retail/residential properties. In some cases some of these deals are in administration and the acquisitions are done through new joint ventures as part of debt restructuring.
• To work in the development of the underwriting analysis and cash flow modeling.
• To liaise and to establish communication with valuers, solicitors and arrangers.
• To review/comment on legal due diligence report and to highlight important issues prior to closing of the transactions.
• To ensure and to check that all security packages are put in place in accordance with credit approval.
• To review/comment on memorandum related to German/UK tax implications on acquisition of assets from different jurisdiction.
• To work in the selection of recommended local Asset and Property Managers that will be most suitable to execute the approved Business Plan.
• To review and to comment on Asset/Property Management Agreement.
• To develop an asset management plan for each property setting out the leasing and asset management strategy such as lease re-gearing and new leases. In areas such as building area extension, upgrade and getting best optimal upside and optimal solutions.
• To review and comment on Limited Liability Partnership Agreement including to participate in follow-up calls between banks, solicitors and borrowers during negotiations of Joint Venture Agreement.
• To review and to comment on Asset Manager's Duty of Care Agreement, Purchase Agreement.
• To liase with accountants in delivering financial reports for annual accounts and to sign off on Annual Audited Financial statements of the Companies'accounts.
• To prepare and to review payment requests from Property/Asset Managers and instruct the banks to release funds to suppliers in accordance with approved budgets.
• To deliver quarterly cashflow budget and analysis report to the owners and the banks.
• To work with the owners/banks on lease reviews, lease extensions, capex investments for extension areas, project monitoring and site inspections.
• Carrying out regular site visits and to form relationships/understand occupier requirements.
• To assist in lease negotiation and modelling lease re-gearing through finding ways to add value.
• To work on asset disposal and sale exit negotiations.
• To provide daily asset management services on these transactions post completion. Such as liasing with clients, valuers, Property/Asset Managers, working on lease re-gearing, new lettings and solicitors.
• To keep a rigourous check on compliance monitoring of the portfolio of properties, looking at periodic reviews and to work on waiver requests as requested.
• To monitor the transactions performance and review miticulously any requests which may have a material impact on the transactions. As such, a contigency plan to deal with distressed assets.
Real Estate Asset Management
Responsibility
I have been working on Pan-European commercial real estate transactions whereby I sourced new opportunities with sponsors, I help them in putting together business plan for financing, I provide asset management services post-closing. In some cases I worked as a Director on transactions the clients have restructured from administration to new joint venture structure.
On these commercial real estate transactions, my main responsibilities were:
• To firstly source and to identify through my CRE network opportunities in Europe and to help in the development of appropriate Business Plan for the purpose of acquiring International retail/residential properties. In some cases some of these deals are in administration and the acquisitions are done through new joint ventures as part of debt restructuring.
• To work in the development of the underwriting analysis and cash flow modeling.
• To liaise and to establish communication with valuers, solicitors and arrangers.
• To review/comment on legal due diligence report and to highlight important issues prior to closing of the transactions.
• To ensure and to check that all security packages are put in place in accordance with credit approval.
• To review/comment on memorandum related to German/UK tax implications on acquisition of assets from different jurisdiction.
• To work in the selection of recommended local Asset and Property Managers that will be most suitable to execute the approved Business Plan.
• To review and to comment on Asset/Property Management Agreement.
• To develop an asset management plan for each property setting out the leasing and asset management strategy such as lease re-gearing and new leases. In areas such as building area extension, upgrade and getting best optimal upside and optimal solutions.
• To review and comment on Limited Liability Partnership Agreement including to participate in follow-up calls between banks, solicitors and borrowers during negotiations of Joint Venture Agreement.
• To review and to comment on Asset Manager's Duty of Care Agreement, Purchase Agreement.
• To liase with accountants in delivering financial reports for annual accounts and to sign off on Annual Audited Financial statements of the Companies'accounts.
• To prepare and to review payment requests from Property/Asset Managers and instruct the banks to release funds to suppliers in accordance with approved budgets.
• To deliver quarterly cashflow budget and analysis report to the owners and the banks.
• To work with the owners/banks on lease reviews, lease extensions, capex investments for extension areas, project monitoring and site inspections.
• Carrying out regular site visits and to form relationships/understand occupier requirements.
• To assist in lease negotiation and modelling lease re-gearing through finding ways to add value.
• To work on asset disposal and sale exit negotiations.
• To provide daily asset management services on these transactions post completion. Such as liasing with clients, valuers, Property/Asset Managers, working on lease re-gearing, new lettings and solicitors.
• To keep a rigourous check on compliance monitoring of the portfolio of properties, looking at periodic reviews and to work on waiver requests as requested.
• To monitor the transactions performance and review miticulously any requests which may have a material impact on the transactions. As such, a contigency plan to deal with distressed assets.
Compliance, UP, Manager, Underwriting, International, Development, Monitoring, Security, Cash Flow, Administration, Network, Asset Management, Due Diligence, Management, SoMe, Budget, Retail
2008 - 2014
job
Senior Asset Manager (Primary & Special Servicing)
Hatfield Philips International.
Responsibility
I was responsible to perform the asset management duties of a portfolio of over €1.5 billion of active CMBS/Balance Sheet commercial property loans in Europe & Scandinavia. My main responsibilities were:
• To asset manage performing loans in Primary Servicing and workout of NPL Loans in Special Servicing.
• To perform underwriting analysis of NPL transactions for acquisition, refinancing or as part of Credit Paper.
• To monitor the performance of the assets and the loans against their business plans and underwritings.
• To maintain and establish relationships on a daily basis with third party suppliers such as Borrowers, Sponsors, Lenders, Legal Counsels, Valuers/Sale Agents, Property Managers, Rating Agencies and Investors.
• To coordinate on all aspects of complex real estate investments and projects; such transactions will often be multi-lender and multi-jurisdictional and involve dealing with intercreditor issues.
• To design workout strategies through enforcement or not, with a view of maximizing recoveries for the Lenders.
• To analyse and review Borrower reporting information from property managers which will be used for communication to investors and Rating Agencies.
• To assist and manage Junior Associates from time to time in the gathering of information, the development of reporting and interpreting documentations on complex transactions.
• To undertake site inspections as well as holding meetings with Sponsors/Property Managers.
• To perform administrative tasks related to review payment requests for cash disbursements from charged accounts and capital reserves.
• The monitoring of loan collections, the review of monthly/quarterly or annual property operating statements, budgets, rent rolls and borrower financial statements/accounts together with the Associate Managers;
• The completion of reports (including Cash Management and CMSA reports) to clients and securitisations;
• The review and approval of interest statements, the review and approval of tenant leases as set out in the loan documentation; preparation of Annual Reviews, Credit Paper Approval, dealing with waiver requests.
• Borrower meetings and property inspections, negotiate on amendments of finance documents through credit approval and credit committee.
• Reporting on loan covenant compliance monitoring on a quarterly basis and updating of compliance database.
• To check security packages in accordance with loan documentation and all other credit-related matters.
• To work well together with other departments on compliance issues, accounting, IT and reporting matters.
• To strengthen business relationships with other parties in the industry.
I was responsible to perform the asset management duties of a portfolio of over €1.5 billion of active CMBS/Balance Sheet commercial property loans in Europe & Scandinavia. My main responsibilities were:
• To asset manage performing loans in Primary Servicing and workout of NPL Loans in Special Servicing.
• To perform underwriting analysis of NPL transactions for acquisition, refinancing or as part of Credit Paper.
• To monitor the performance of the assets and the loans against their business plans and underwritings.
• To maintain and establish relationships on a daily basis with third party suppliers such as Borrowers, Sponsors, Lenders, Legal Counsels, Valuers/Sale Agents, Property Managers, Rating Agencies and Investors.
• To coordinate on all aspects of complex real estate investments and projects; such transactions will often be multi-lender and multi-jurisdictional and involve dealing with intercreditor issues.
• To design workout strategies through enforcement or not, with a view of maximizing recoveries for the Lenders.
• To analyse and review Borrower reporting information from property managers which will be used for communication to investors and Rating Agencies.
• To assist and manage Junior Associates from time to time in the gathering of information, the development of reporting and interpreting documentations on complex transactions.
• To undertake site inspections as well as holding meetings with Sponsors/Property Managers.
• To perform administrative tasks related to review payment requests for cash disbursements from charged accounts and capital reserves.
• The monitoring of loan collections, the review of monthly/quarterly or annual property operating statements, budgets, rent rolls and borrower financial statements/accounts together with the Associate Managers;
• The completion of reports (including Cash Management and CMSA reports) to clients and securitisations;
• The review and approval of interest statements, the review and approval of tenant leases as set out in the loan documentation; preparation of Annual Reviews, Credit Paper Approval, dealing with waiver requests.
• Borrower meetings and property inspections, negotiate on amendments of finance documents through credit approval and credit committee.
• Reporting on loan covenant compliance monitoring on a quarterly basis and updating of compliance database.
• To check security packages in accordance with loan documentation and all other credit-related matters.
• To work well together with other departments on compliance issues, accounting, IT and reporting matters.
• To strengthen business relationships with other parties in the industry.
Design, Database, Management, Finance, Asset Management, Compliance, Security, It, Monitoring, Cash management, Development, Underwriting, Performing, Manager
2005 - 2007
job
Project Controller
ABN AMRO Bouwfonds N.V.
Responsibility
Unit Property Finance International, project control Department of South Europe in which my main duties were to maintain relationships with existing clients following closing of the loans by the originating team, overseeing budget control of existing Real Estate loans, monitoring budget costs and expenditure, releasing loans and checking legal documentations, anticipating and acting upon project risks and occurrences, assisting on making periodical progress reports, checking and processing construction project administration documents, approval of payment requests, liaising with project partners to gather information, travelling to visit construction projects and clients on a regular basis.
Unit Property Finance International, project control Department of South Europe in which my main duties were to maintain relationships with existing clients following closing of the loans by the originating team, overseeing budget control of existing Real Estate loans, monitoring budget costs and expenditure, releasing loans and checking legal documentations, anticipating and acting upon project risks and occurrences, assisting on making periodical progress reports, checking and processing construction project administration documents, approval of payment requests, liaising with project partners to gather information, travelling to visit construction projects and clients on a regular basis.
Administration, Budget, Finance, Monitoring, International, Processing
2004 - 2004
internship
Traineeship
Taskforce Europe.
Responsibility
I have gained valuable work experience in International Marketing, whereby I did lots of market research, market analysis, marketing communications such as direct marketing and administrative work.
I have gained valuable work experience in International Marketing, whereby I did lots of market research, market analysis, marketing communications such as direct marketing and administrative work.
Marketing, Research, Market research, Direct marketing, International
2003 - 2003
internship
Traineeship
Jackson & Canter Solicitors.
Responsibility
I have worked at the Immigration Department, in which I dealt with asylum claims, court appeal cases and provided my support and assistance to the staff with extra administrative works.
I have worked at the Immigration Department, in which I dealt with asylum claims, court appeal cases and provided my support and assistance to the staff with extra administrative works.
Support
My education
RSM ERASMUS University Rotterdam
University Degree, Business Administration
University Degree, Business Administration
The Hague University of Applied Sciences
Bachelors, Business Administration
Bachelors, Business Administration
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