Navigating Senate Bill 4D and Property Transformations
In this episode of Navigating Senate Bill 4D and Property Transformations, we dive deep into the transformative landscape of condominium ownership, guided by the sweeping changes brought about by Senate Bill 4D. Join us as we explore the impact of these legislative shifts on consumers, homeowners, and investors alike, unraveling the intricacies of condo conversions and deconversions.
Our expert guest sheds light on the defining processes and circumstances that lead to each transformation, providing valuable insights for those navigating the evolving real estate terrain. Learn how businesses in this space play a crucial role in assisting others and discover the potential pitfalls condominium owner's associations may encounter during the deconversion journey.
As we dissect the biggest mistakes associations make in the deconversion process, we also unravel the risks associated with a DIY termination versus enlisting the expertise of specialized groups. Whether you're a homeowner, investor, or part of a condominium association, this episode offers a comprehensive guide to understanding and navigating the changing dynamics of property ownership in the wake of Senate Bill 4D.
About John
Managing Principal of Condominium Advisory Group
Upon graduating from Boston University in 1984 with a Bachelor’s degree in accounting, John joined Continental Bank’s equipment leasing division in the workout group. After 15 months, he took a position as a commercial real estate banker with the Freeman Group in Chicago. In 1988, John formed Century Funding Corporation with a partner to provide commercial real estate banking and real estate investment services to third-party real estate developers and investors. After over a decade heading up Century Funding, he joined American Invsco as Chief Investment Officer in 1999 with the primary role of overseeing the acquisition, financing, and ongoing real estate operations of various condominium and mixed-use developments. Under his tenure, the company acquired and developed over $2 billion in real estate projects in several markets. In 2008, John formed CF Capital Holdings LLC with Michael Fish. Since its inception, they have provided asset advisory, management, restructuring, and consultancy services to the condominium development, multifamily rental, and single-family “for sale” housing industries. Such services include determining optimum repositioning of assets that had gone insolvent due to the 2008 economic downturn, many of which were condominium conversions that had not sold completely.
Host: Omar De Windt
Guest: John Cadden
Producers: Omar De Windt; Veronica Aizpurua
Art: Alberto Arevalo
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