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CHIEF OPERATING OFFICER - Real Mortgage Systems, Inc. - Jacksonville, FL: 2005
- 2008
Envisioned and authored the business plan (including proformas) to acquire small
mortgage lenders throughout the U.S. and create a consolidated operation whose
competitive advantages were a lower cost of capital through securitization and s
treamlined efficiencies gained by deploying cutting-edge proprietary software de
signed specifically for the niche in which we were competing. Canvassed private
equity and venture capital firms to create interest in the plan, brought two of
fers of funding to the CEO and Board of Directors, negotiated the terms of the s
tock sale directing a team of attorneys and closed on an $11 million funding com
mitment from a private equity firm. Built a nationwide pipeline of acquisition
targets, proposed and negotiated purchase terms and orchestrated closings. Secu
red a $35 million line of credit to commence operations.
Selected Achievements/Highlights:
Raised initial seed capital of $11 million from a private equity fund
Negotiated and secured a $35 million asset-backed revolving line of credit to fi
nance the purchase of real estate investment properties