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About Us |
| During the past two decades, real estate fundamentals and capital markets have evolved and moved in all directions. But these things remain constant - great opportunities arise from change, and Mountain Real Estate Group has constantly been there to help developers capitalize on such opportunities. Founded in 1993 by Peter Fioretti, a successful residential developer through the 1980's, Mountain has grown to be the one of the leading private capital sources for developers of residential and commercial land in the United States. Peter has surrounded himself with a team of multi-faceted professionals, steeped in hands-on development, management and financial expertise, culminating in the addition of 14 seasoned professionals who previously composed the entire REO asset management group of GMAC-ResCap's Business Capital Group. Mountain's combination of practical experience and a flexible and ready capital base allows it to present quick and creative solutions to today's opportunistic investors. |
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Management |
| Each of the following executives has extensive real estate development, construction, investment and management experience. Their track record includes the development for their own account and/or financing for others of over 10,000 residential lots and homes and multiple commercial projects. This experience enables them to approach complex or opportunistic situations with a developer’s perspective, allowing them to quickly understand the transaction, thus creatively structuring a solution for new financing or solutions for distressed real estate, real estate workouts and non-performing loan sales. |
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Peter J. Fioretti, Chief Executive Officer, founded the company in 1993. Prior to Mountain, Mr. Fioretti was the founding partner of Waterfront Investment, a New Jersey-based real estate development firm, that owned and managed multi-family, residential and commercial development properties. He also served as a founding partner in a construction company, a real estate brokerage firm and an asset management company. Previously, Mr. Fioretti was employed at E.F Hutton and Morgan Guaranty Trust Company. Mr. Fioretti received the 1988 New Jersey SBA’s Businessman of the Year Award and he was selected “Entrepreneur of the Year” in real estate and construction by Inc. Magazine and Arthur Young and Company. He was also a founding Director of Metropolitan State Bank. Mr. Fioretti graduated from Lehigh University. |
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Arthur G. Nevid, Chief Investment Officer, joined the company in 1997. Prior to Mountain, Mr. Nevid was the Chief Operating Officer and U.S. Managing Director of the Cofinance Group, a French-owned real estate investment and development concern. Previously, Mr. Nevid was a real estate investment banker at Merrill Lynch Hubbard, specializing in the syndication of public real estate partnerships, property acquisition and asset management. Mr. Nevid is a C.P.A. and graduated from Binghamton University. |
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Joel Kaul, Mountain Real Estate Capital's Managing Director of Real Estate Services since 2009, is responsible for all company strategies for residential asset management and servicing, as well as joint venture investment with national homebuilders. Prior to Mountain, Mr. Kaul was Managing Director of REO for GMAC-RFC, overseeing a staff of over 20 professionals managing GMAC-RFC’s REO portfolio of over 200 projects with a $1.2 billion portfolio loan value. Prior to that, he was the Chief Operating Officer of Naterra Land, one of the country’s largest recreational land development companies. Previously, Mr. Kaul was a Senior Real Estate Asset Manager at RBC Dain Rauscher responsible for managing a $500 million commercial portfolio. Mr. Kaul is a CPA and graduated from the University of Wisconsin La Crosse. |
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Kevin J. Mast, joined Mountain in 2006 as Executive Vice President and Chief Financial Officer. He has more than 20 years of in-depth financial experience in both the public and private accounting sectors. Prior to joining Mountain, he served as the Senior Vice President of finance for The South Financial Group, a $15-billion bank holding company with locations in the Carolinas and Florida. Mr. Mast earned a bachelor’s degree in accounting from Kansas State University in 1982. He is a member of the South Carolina Association of CPAs, the American Institute of CPAs and the Financial Executives Institute. |
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Thomas Clement, Mountain Asset Management's Director of Asset Management and Special Servicing since 2009, oversees all residential management operations. Prior to joining Mountain, Mr. Clement worked for GMAC-RFC evaluating, underwriting, managing and liquidating REO and prior to that as Capital Investment Officer structuring and managing capital investments. Previously, Mr. Clement was a banker with Chase, Maryland National Bank and NationsBank with concentrations in Health Care, Utilities, Construction Contractors, Middle Market and Mortgage Warehouse Lending. Mr. Clement graduated from Hamilton College in Clinton, NY. |
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Brian Clauson, Senior Asset Manager for Mountain Asset Management since 2009, is responsible for management and disposition of residential NPL/REO properties nationally including homes, lots, partially completed developments, and raw land parcels. Prior to Mountain, Mr. Clauson was with GMAC –RFC where he was first a Construction Loan Officer/Relationship Manager and provided residential acquisition, development and construction financing to homebuilders and developers, and then a workout and REO manager. Prior to that, he was a Public Finance Associate/Analyst with RBC Dain Rauscher where was involved in underwriting a variety of municipal bond transactions largely in the areas of multifamily housing, healthcare, and general municipal finance. Mr. Clauson graduated from the University of Minnesota Morris. |
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Lance Franklin, Senior Investment Manager since 2009, is responsible for asset management and disposition of California residential development projects. Prior to Mountain, Mr. Franklin was a Relationship Manager with GMAC-RFC’s Business Capital Group where he originated and managed homebuilder and developer credit facilities. He received his bachelor’s degree from Texas Tech University and obtained a certificate in light construction & development management from University of California Irvine. |
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Tom Mahathirath, Senior Investment Manager for Mountain Real Estate Capital since 2009, specializes in acquisition and homebuilder joint ventures for residential development and construction. Prior to Mountain, Mr. Mahathirath worked for GMAC-RFC, first as the Director and Relationship Manager for GMAC-RFC securing new relationships and business investments, and then as Director – Asset Manager of REO asset managing and disposing of residential projects nationally. Previously, he was a Project Manager for Prudential Homebuilding Investors providing investment advisory services to CalPERS and other institutional residential development investors. Mr. Mahathirath graduated from Georgia State University. |
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Tom Orradre, Senior Investment Manager for Mountain Real Estate Capital since 2009, specializes in acquisition and homebuilder joint ventures for residential development and construction. Prior to Mountain, Mr. Orradre worked as a REO Asset Manager for GMAC-RFC where he was responsible for the asset management and disposition of residential development projects, homes and lots in the western states. Previously, he worked in a consulting capacity for Cerberus Real Estate Capital Management focusing on land-secured debt investment opportunities, and in the investment banking and management industries focused on mergers and acquisitions and fixed income analysis. Mr. Orradre received his MBA from the Marshall School of Business at USC and his bachelor’s degree from the University of San Diego, and is a CFA® charter holder. |
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Brett Peterson, Director of Commercial Property Management, joined Mountain in 2007. Mr. Peterson’s experience in leasing and property management spans more than 20 years. He held senior management positions with MONY, Equity Office and Grubb & Ellis. Mr. Peterson also worked for Signature Associates, Michigan’s largest full-service real estate firm, where he was Director of Property & Asset Management, supervising a staff of over 40 professionals and 7.8 million square feet of commercial and residential property. Mr. Peterson graduated from Oakland University and is a member of IREM and BOMA. |
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Keith Alexander, Director of Portfolio Underwriting, joined the company in 2006. Mr. Alexander has experience in a variety of areas including origination, underwriting, asset and portfolio management and restructuring of single family and multi-family residential and commercial real estate finance. Prior to joining Mountain, Mr. Alexander served as Vice President in the Homebuilder Group at Key Bank Real Estate Capital and Vice President/Senior Underwriter for Bank of America’s Community Development Lending Group. Mr. Alexander holds a bachelor’s degree from Wake Forest University and an MBA from UNC at Charlotte. |
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Eric Bialke, Asset Manager since 2009, is responsible for management and disposition of residential NPL/REO properties nationally including homes, lots, partially completed developments, and raw land parcels. Prior to Mountain, Mr. Bialke was with GMAC –RFC holding various positions including REO Asset Manager, Real Estate Valuation Manger, Sr. Real Estate Analyst/Underwriter, and Strategic Planning Lead. Mr. Bialke graduated from St. John’s University and is a CPA. |
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Terry Forbord, Asset Manager for Mountain Asset Management since 2009, specializes in operational policies and procedures for appraisal management, planning, engineering, cost-to-complete, environmental and storm water compliance, Home Owners Association and architectural review obligations. Prior to Mountain, Mr. Forbord was an Asset Manager for the REO Division of GMAC-RFC where he managed and sold distressed and failed real estate assets. Previously, he was President and Managing Partner of Laurent Development in Minneapolis, Minnesota directing all operations of the company and development of master-planned communities. Prior to that, Mr. Forbord was President of Lundgren Bros. Development, the largest privately-held homebuilder in Minnesota until sold to US Homes. Mr. Forbord attended St. Cloud State University in Minnesota. |
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Robert Adamo serves as Development Consultant to Mountain Real Estate Group. Mr. Adamo has been a developer and builder for over 30 years, having built and sold thousands of single-family homes, multi-family rental and condominium units, and improved lots, as well as numerous commercial and mixed-use projects. He is based in Scottsdale, Arizona and focuses on opportunities to rescue distressed development projects in the Arizona and Nevada markets needing fresh capital and development/construction/sales expertise. Mr. Adamo is a past president of the New Jersey Builders Association, and graduated from the City College of New York with a master's degree. |
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