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.