Carey A.

OLaughlin
Plymouth, MA 02360
Jupiter, FL 33458
(843) 304-3942
olaughlin.carey@gmail.com

Summary
Director of Real Estate Development
30 years combined experience in mortgage banking and real estate development. Successful, senior executive with
substantial contributions to corporate growth and profitability for companies in the financial services, professional
homebuilding, and development industries; underwriting, closing, developing, and building FHA, Fannie Mae, Freddie Mac,
and commercial bank offerings for project based single and multifamily real estate transactions.
Demonstrated ability to develop, create, execute, and teach well targeted, customer-centric sales and marketing programs
that deliver results; increased average selling price, thus creating higher P&L gross margins and creating business
development tools for long term growth.
Client driven; program development for creating new client, prospect pipeline; Strong work ethic; fast paced work
environment the norm. Creator of high performance, value-based, long term-customer relations built on trust and integrity
that identify and enhance client needs. Expert in determining current and future needs of target audience and diverse
customers within market dynamics. Comprehensive knowledge of industry best business practices, demographics, market
research, product and service offerings, and regulatory guidelines for medium sized businesses.
As a former Fortune 500 executive, was responsible for the development, building, and sale of over 10,000 residential
housing units.
SKILLS

Microsoft Office Suite, AUS DU, LP and FHA

Connection
Quality control
Appraisal and construction cost

HUD, Fannie Mae certified home buyer

educator, and MAP processing
Market and demographic research
Transaction feasibility, development, marketing,
sales, and construction

Areas of Expertise

Commercial Mixed Use, Single Family and Multifamily Project based FHA, Fannie Mae, Freddie Mac (GSE) DUS
underwriting and analysis; commercial bank offerings; Acquisition and Development loans; all phases of the
acquisition and development process for land or existing projects
Strategic marketing and valuation
Product and Market Identification, feasibility, and valuation
Construction, Development, and Sale of underwritten and valued projects (list available upon request), covering all
market price points; property management
LIHTC Tax Credits and Bond issuance expert
Business plan creation
Ability to identify the needs of low and moderate income (LMI) neighborhoods and assist investment clients in
identifying critical linkages to other community development funding sources

Critical Leadership Initiatives

Developed strategic marketing relationship for development of multifamily affordable housing community
development partnership with Freddie Mac in 3 MSAs; President, Applied Research Capital Corp. (ARCC)

Grew CDFI (Certified Development Financial Institution) by $200 million in 3 years; President, ARCC
Guided team to sustain and grow client pipeline relationships for HUD affordable housing program for non-profit
annually originating 750 clients for Applied Research Capital Corp. ($175 to $200 million annually); President,
National Housing Foundation, Inc. Schaumburg, IL
Owner, developer, and property manager of 1,300 multifamily affordable housing units; President, National
Housing Foundation, Inc. Schaumburg, IL
CRA credit service area analyst and provider for lenders needing low income CRA credits within given service area;
Senior Financial Advisor, America One Acceptance Corporation
Secured $60 million housing contract with Illinois Development Finance Agency totaling 300 housing units annually
for 3 years; bond issue; President, National Housing Foundation, Inc. Schaumburg, IL

Professional Experience
Founder | CEO
National Housing Capital, a MA Community Development Company
President Real Estate Developer

Senior FHA Direct Endorsement Underwriter; CHUMS ID # AZ03

LIHTC multifamily and single family project and feasibility underwriter and specialist
HUD MAP specialist
GSE DUS (Fannie Mae and Freddie Mac) regulatory and product specialist; using financial products as
socioeconomic revitalization and community development tools
National Non-Profit Technical Assistance Intermediary to community based local non-profits for loans and
development of affordable housing
Perform complicated financial modeling and spreadsheet analysis in Excel
Translate creative and complex financing solutions into financial models for presentations to clients as community
development tools
Prepare market analysis reports, including vacancy, absorption, and comparable rents and sales
Review and analyze legal documents and third party reports as part of the due diligence process and closings

Real Estate Developer

02/11 6/13

Institutional Sabbatical

04/09 12/10

Worked on PhD Dissertation, " Karl Rahner, S.J. "A Conversion to the Phantasm"
University of Birmingham, Edgbaston, UK

President | CEO
Illinois Mortgage Bank Licensee

America One Acceptance Corporation

Ability to work closely with the senior credit team and originators on the structuring and underwriting of
transactions for DUS multifamily submittal
Analyzed, interpreted, and underwrote complex multifamily real estate transactions in compliance with respective
agency guidelines (Fannie Mae and FHA)
Conducted detailed economic and demographic research to determine feasibility of transactions
Prepared and presented comprehensive loan approval packages for credit committee
Conducted comprehensive inspections of physical real-estate assets
Performed commercial underwriting, specifically dealing with large loans GSE multifamily experience
Sustained highly developed analytical, research, and written and oral presentation skills
Maintained ability to problem-solve and exercise independent judgment while displaying a high degree of initiative
and accuracy on loan analysis and packaging
Successfully demonstrated ability to organize and prioritize projects; complete multiple tasks on schedule and with
minimal supervision

Individual Contributor

10/13 Present

Applied Research Capital Corp. (ARCC Mortgage)

06/95 09/08

Developed and managed full eagle FHA mortgage bank generating $175 to $200 million annually in loans
and closings

Obtained Community Development Financial Institution (CDFI) status

Established FHA Direct Endorsement and HUD multifamily approved mortgage bank
Created market research firm; contracted with Freddie Mac in three markets for market research projects
giving demographics and comparable for affordable, commercial, mixed use, and multifamily residential
projects to determine financial product for percentage of market share
Performed market research feasibility reports for community development partners
Established over 20 non-profit community partnerships for affordable housing programs using DUS
lenders for multifamily loans
Performed construction, development, property management, and administration of projects for
community development partners
Worked in mortgage bank as the Senior FHA Direct Endorsement Underwriter and commercial,
multifamily project underwriter

Founder | President | CEO

National Housing Foundation, Inc, an Illinois 501(c) 3 non- profit
Community, Single Family, and Multifamily Residential Developer

FHA Senior Direct Endorsement Underwriter; HUD and Fannie Mae Senior Home Buyer Educator. CHUMS ID. #
AZ03
National Technical Assistance Intermediary to other local community development non-profits
Entered into multiple (20) community development partnerships with local non-profit community
development corporations providing affordable housing
Based on Jobs, Jobs creation, socio economic revitalization participated in multiple, multifamily
community development projects. Focus was the use of section 8 housing vouchers for qualifying clients
for single family, project based homeownership. HUD pilot program
Initiated strategic socio-economic community revitalization programs for mixed use, commercial and
multifamily projects; helped our communities by empowering community residents
Acknowledged as an Illinois 501 (c) 3 corporation with group exemption capacity. HUD approved
Affordable Housing Programs
HUD approved, unlimited, non-recourse FHA multifamily (project) and single family borrower; 203b, 203k,
section 221(d) (4), 232/223(f). Developed and built community development projects. Largest
rehabilitation contractor in the City of Chicago for the years 2000 and 2001
Provided $19,000,000 in down payment assistance for entry level market rate buyers: single family and
multifamily

Senior Project Underwriter and Valuation

Capital Asset Research Corporation

09/94 09/95

Largest tax lien buyer in the U.S; underwrote projects nationally to FHA and GSE DUS (Fannie Mae) guidelines
$375 million in commercial and multifamily project valuation, underwriting, and development
Technical assistance to local community non-profit development corporations for acquisition and
development of Capital Asset Research Corp. valued and loan packaged multifamily residential assets for
affordable housing

Direct Endorsement Underwriter

Waters Mortgage Corp.
Non-Profit, Multifamily Project Based 203b and 203k; Affordable, Multifamily Residential Properties

10/95 09/08

09/90 06/94

975 203K multifamily, single family residential loans; underwritten, developed, built, and closed; project based
Construction costing, 203k write ups, and contractor and sub-contractor approval
Not For Profit multifamily project lending and underwriting specialist; HUD pilot affordable housing
program

Education
Wesleyan University; B.A. Government (Honors College); Middletown, CT
University of Birmingham, Masters in Theology, PhD Research Candidate, Edgbaston, U.K.