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Biographies of Key Members of The Carlton Group, Ltd.
Wm. David Tobin joined Carlton in 1994
and is currently the firm's Director of Loan Sales.
In addition, he originates and executes transactions for Carlton's
Investment Sales and Finance divisions.
David brings considerable real estate and loan asset analytics and
portfolio asset management expertise to the firm, having played an integral
role in the liquidation of the $1.2 billion non-performing loan and REO
portfolio of the Dime Savings Bank of New York.
The Dime disposition program included a multi-year asset-by-asset
sellout culminating in a $300 million bulk offering to many of the major
portfolio investors in the investment banking arena.
David's primary function is to head
all business execution and development activities for the firm with respect
to secondary marketing of performing, non-performing and sub-performing
commercial and residential loan portfolios.
In addition, he has developed the proprietary loan sale due diligence
software currently in use throughout the firm.
David has managed over $750 million in loan sales for such clients as
Freddie Mac, Republic Bank, Atlantic Bank, Ocwen Federal, Fidelity Federal,
Amresco and many other financial institutions.
David originates commercial mortgage
banking and investment sales transactions for the firm, having recently
arranged whole loan sales for Daiwa Securities ($179 million) and Banc One
Mortgage Capital Markets ($35 million) and financing for such notable
projects as the Thompson Street Hotel ($20 million) and the Newark Airport
Hilton ($22.5 million). David
was Carlton's deal manager for the Greystone portfolio sale (3 properties -
1.6 million of Downtown Manhattan office buildings) and also represents
Texaco-Star Enterprise on the sale of surplus real estate and petroleum
terminal assets throughout the country and as a site selector.
David has a B.A. from Syracuse
University and is a candidate for his MBA in banking and finance at New York
University's Stern School of Business.
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