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Crawford Consulting, LLC - Consulting for real estate finance, investment and strategic planning.
Integrity . Experience . Performance
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"Your diligence, hard work and great insight were much appreciated as you completed your job requirements on time and under budget."


Jim Mainor
former Vice President of Partnerships, Control & Reporting,
HealthSouth Corporation, Birmingham

 

 

"I highly recommend Joe for any assignment dealing with real estate, mortgage lending and bank lending practices."


Michael P. Haggerty, Esq.,
Jackson Walker, LLP, Dallas

 

 

"Some things can only be learned by going through 'the fire of the deal' — Joe has been through that fire in this industry and the resulting wisdom borne from his experience is a ready resource for clients facing complex transactions in an ever-changing business environment."


Robert W. Barron, Esq.
Shareholder with
Berger Singerman, P.A.,
Fort Lauderdale

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Notable Accomplishments


  • Provided consulting services as a commerical real estate expert for plaintiff's counsel in a high-profile case against a large real estate investment trust and other parties concerning unauthorized transfer of partial ownership interests, interference with development activities and tenant relationships and other causes of action.
  • Provided expert witness services for defense counsel in connection with a lender liability case concerning a 210,000 square foot commercial office building.
  • Responsible for management of Citicorp’s $1.2 billion, seventy-two facility relationship with the Trammell Crow Company. This was the largest non-sovereign nation credit risk of the bank worldwide at the time. Subsequently led a $350 million, forty-two credit facility refinancing of a portion of Citicorp’s loans to Trammell Crow affiliated partnerships, which was integral to its subsequent transition to a services company. Closed the innovative master limited partnership roll-up restructure within one year.
  • Conceived and successfully executed a four-year apartment development equity investment program at Amstar. This consisted of 3,786 units across 12 transactions located in Dallas; Phoenix; Las Vegas; Ft. Lauderdale; Atlanta; Nashville; Clearwater, FL; Jacksonville, FL; Portland; and Rancho Santa Margarita, CA. Strategic relationships were formed with reputable developers (including Fairfield Residential, Westwood Residential, and JPI), yielding multiple transactions under standardized deal structure and legal documentation.
  • Closed a $400 million loan from Citicorp to Trammell Crow Equity Partners II, an international opportunity fund.
  • Completed the two-year restructure of a $260 million multi-bank revolving credit & term loan facility to General Homes Corporation led by Citicorp.
  • Managed the Paragon Group workout team at Citicorp, which successfully restructured $250 million in debt against thirty-one projects in ten states over a fifteen month period.
  • Acting on behalf of Citicorp arranged a $250 million mortgage warehouse line of credit for Commonwealth Mortgage.
  • Produced a record $242 million of new investments on behalf of Amstar in one year prompted by heavy asset sales and a desire to defer capital gains taxes through 1031 exchanges. Acquisitions included three premium office properties totaling 600,000 square feet representing over $100 million in new investment in Costa Mesa, CA, the San Francisco CBD and the Baltimore CBD; and a number of multifamily properties located in the west and northwest.
  • Conceived and executed the Amstar multifamily acquisition & rehabilitation program, acquiring thirteen properties over two years representing $215 million in new investment and consisting of 3,250 units located in southern California, Seattle and Portland.
  • While responsible for finance at Amstar, conceived and provided senior direction for the negotiation and closing of:
    • a five-year, $105 million revolving credit & term loan facility provided by Bank One, which had better pricing and more lenient covenant terms than many comparable REIT credit facilities;
    • $76 million in bridge financing from G.E. Capital to Amstar affiliates to refinance certain assets; and
    • a creative $35 million floating rate loan from G.E. Capital to Amstar secured by a mature office property, complemented by interest rate corridor and ceiling rate hedges from Citibank, N.A., essentially providing life insurance company financing rates while allowing for critically important prepayment flexibility.
  • Representing an eighteen-bank syndicate led by Citicorp successfully renewed and restructured a $165 million loan to U.S. Home Corporation.
  • Successful oversight of the negotiation, pricing, and closing of an $82.55 million REMIC commercial loan securitization done by an Amstar affiliate through CS First Boston. This was the first mixed-property, cross-collateralized REMIC done by a single owner/borrower in the real estate industry.
  • On behalf of Amstar, after removal of a development partner in default, achieved a workout settlement within ninety days for the troubled $65 million Franz Klammer Lodge time-share ski resort project, hired new staff and implemented a business plan to redirect efforts and improve profitability.
  • On behalf of Interfirst Bank Dallas, handled: (i.) a $40 million construction loan for the D/FW Hilton Hotel & Conference Center; (ii.) a $20 million participation in a loan funding the site acquisition for the Morton H. Meyerson Symphony Center; and (iii.) the relationship with two large Canadian developers: Cadillac-Fairview and Bramalea.
  • Led a Citicorp team that secured a $42.5 million participation in the financing for the leveraged buy-out of Ryan Homes by NV Homes.
  • Led a five-person consulting team at troubled HealthSouth Corporation that helped establish policies, procedures, systems and controls necessary for Sarbanes-Oxley compliance in the Partnerships Control and Reporting Department.
  • Provided a summary of all regulatory requirements and cash management process controls governing the vacation rental business in North Carolina for ResortQuest, a subsidiary of Gaylord Entertainment.
  • Served as a real estate and commercial lending expert in connection with a lender liability case involving a $65 million failed mixed-use high-rise condominium project.

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