Paul is the founder and managing member of FCP, which he founded in 2006. Since 1988 Paul has been involved with in excess of $5 billion of real estate transactions of virtually every type.
Since 2006, Paul has been an owner-operator for real estate investments owned with institutional and high-net-worth partners. FCP currently owns and operates a portfolio of more than 40 debt and equity investments with a value in excess of $100 million. From 1994 to 2006, Paul served as Senior Vice President at Value Investors, Inc., a family office focused on value-added real estate investments in New York, Pittsburgh and St. Louis. Notable accomplishments included the redevelopment of an industrial brownfield project totaling one million square feet and the successful operation of a 28-story residential and commercial project in downtown St. Louis. Paul also led the DIP financing for and acquisition of the Concord Resort Hotel in Sullivan County, New York. In addition, Paul oversaw the management of co-op conversions totaling over 1,000 units located in the New York metropolitan area.
In 1997, Paul joined Manhattan-based Country Bank (www.countrybnk.com) a CRE focused bank, held several C-level positions and served on the Board of Directors and Executive Committee. Paul increased the size of the bank’s loan portfolio 2x, and earnings by 4x, over a five-year period. Today, Country Bank is a $700 million institution generating an ROA OF 1.13% AND ROE > 14%. Paul remains a large shareholder. Paul also co-founded ValueXpress LLC (www.valuexpress.com) in 1995. ValueXpress is a commercial mortgage banking firm that has closed over $3 billion of conduit and SBA 504 loans since its founding.
From 1989 through 1994, Paul ran the workout department at Apple Bank, a $6 billion institution based in New York City, and co-founded the workout group at CrossLand Savings, FSB, a $15 billion institution also based in New York City. He gained significant workout experience and helped resolve over $2 billion of non-performing commercial real estate loans through the repossession, bankruptcy and restructure process. Paul has served on numerous creditors’ committees, negotiated deed-in-lieu of foreclosure agreements, prosecuted foreclosure proceedings, navigated the bankruptcy process to enforce rights, negotiated loan modifications where warranted and pursued deficiency judgments.
Paul earned a Bachelor of Science degree Cum Laude from Fordham University and holds a Master of Business Administration from Columbia University. Paul is a licensed real estate broker in the State of New York. Paul lives in New York and has two grown daughters.
Jack joined FCP in 2016 and is responsible for asset management, property management, due diligence and deal sourcing. Prior to joining FCP, Jack was a practicing commercial real estate attorney.
As an attorney, Jack was involved in a wide array of real estate transactions. He also has experience with civil litigation.
Jack has managed foreclosure sale transactions for tax lien servicers for liens ranging in value from $100 thousand to $15 million and represented lenders in first mortgage and construction financings ranging from $1 million to $5 million. He has also represented clients in REIT equity transfers involving retail assets and both condominiums and cooperatives in real estate transactions and corporate governance issues.
Jack earned a Bachelor of Arts degree from the Pennsylvania State University, a Juris Doctor from the University of Connecticut School of Law, where he was an editor of the Connecticut Law Review, and a Master of Science in Real Estate Finance and Investment from New York University. He is admitted to the Bar in both Connecticut and New York. Jack lives in Connecticut.
Kim joined FCP in 2010 and is responsible for accounting, bookkeeping and financial reporting for a 40 property portfolio located in New York, New Jersey, Connecticut and Florida.
Prior to joining FCP, Kim held increasingly responsible roles in the loan origination and loan servicing groups at Manhattan-based Country Bank (www.countrybnk.com), a $600 million bank focused on commercial real estate lending.
Kim earned a Bachelor of Arts in Finance from Baruch College and a Master of Business Administration in Finance from Iona College. Kim is married with a young son and lives in New York City.
Michael joined FCP in 2015 and is responsible for acquisition due diligence, transaction execution and asset management. Prior to joining FCP, Michael was a practicing real estate attorney.
As an attorney, Michael was involved with all facets of real estate transactions, including acquisitions, dispositions, financings and leasing. Michael also has significant experience in real estate, construction and general business litigation.
Michael has been involved in real estate transactions totaling over $1 billion throughout the United States. He has represented borrowers and lenders in the consummation of first mortgage, construction and mezzanine financings ranging in value from $500 thousand to $200 million and backed by collateral including the fee and leasehold interests in healthcare, hotel, multifamily, office and retail properties, as well as multi-state property portfolios. He has also represented clients in the acquisition and disposition of multifamily, mixed-use, office and residential properties ranging in value from $1.5 million to $245 million, including Section 1031 exchanges.
Michael earned a Bachelor of Arts degree from Brown University, a Juris Doctor, cum laude, from the University of Florida Levin College of Law, where he was a member of the Florida Law Review, and a Master of Business Administration from IE Business School in Madrid, Spain. He is admitted to the Bar in both New York and Florida. Michael lives in Manhattan.
Rich joined FCP in 2014 and is responsible for deal sourcing and debt asset management. Rich has more than 35 years of experience in the commercial banking industry.
While in the commercial banking industry Rich had a particular focus on commercial real estate. He has led many troubled bank and loan portfolio acquisitions with responsibility for due diligence, negotiation and closing, together with the development and implementation of loan resolution strategies.
In 1999, Rich was named President and Chief Executive Officer of Allegiance Community Bank in South Orange, New Jersey. During his tenure, Rich implemented a strategic plan that returned the bank to profitability and lifted the regulatory sanctions impacting the bank.
Prior to Allegiance, Rich served as a Senior Vice President/Chief Lending Officer at Interchange Bank in Saddle Brook, New Jersey. While at Interchange Bank, he was Chairman of the Internal Loan Committee and served on the Asset/Liability and Strategic Planning Committees.