RONALD H TIMMS

5566 Hwy 56 W
Rising Sun, Indiana 47040
Ph 812-438-2064 Cell 812-290-9991 Fax 812-438-3774
rtff859a@westpost.net
MBA and BS Degrees in Finance, Kelly Graduate School of Business Indiana Univers
ity,
Licensed Real Estate Broker - Indiana
Publications - authored and/or co-authored 30 published articles on real estate
finance and banking
The Crestmont Company Consulting Group 1991 to Present
Principal
Financial services consulting firm dealing with all aspects of commercial and mu
ltifamily real estate including feasibility analysis, financing; refinancing; s
tartup financing; leasing, buy/sell, troubled debt restructuring; document revie
w; and business plan development.
Project Experience:
Asset Project Manager for Recovery Asset Contractor to the Division of Resolutio
ns and Receiverships of the FDIC: Project involved working major real estate a
ssets retained by the FDIC as Receiver for closed banks to maximize recovery of
funds to the FDIC. Determine courses of action for disposition of assets. Work
with account principals to achieve disposition plan. Expedite process to meet t
ime lines established by Receivership.
Portfolio Due Diligence:
Assessment of real estate lending program strategic plan: review rationale for
originated loans, especially recently modified or refinanced loans and the
economic purpose thereof.
Review underwriting analysis for reasonableness of conclusions, consistency and
completeness.
Analysis of file documents and related items for completeness to include: loan
documents; and security; guaranty, notes, formation, construction contracts,
budgets agreements.
Determine enforcement of documentation for conditions precedent, representation
s and warranties and events of default.
Determine if events of default and remedies protect institution's interests
Ascertain if final loan documentation follows original loan approval.
Review file for original signed documents.
Determine appraisal report inconsistencies; need for updates; EVA reports.
Determine compliance with lending credit policies, procedures and agency regula
tions.
Report any suspicious activity to appropriate investigative team.

Creative Financing Programs:

Publicly and privately placed, rated tax-exempt bonds to finance affordable mu
lti-family real estate projects.
Credit enhanced tax exempt bond projects for nursing homes, hotels and offices.
Taxable IRB financing for warehouse/manufacturing projects.
Joint public/private affordable inner city rental housing projects: private con
struction; public takeout.
Structured financing for LIHTC project developer.
Consultant to investor group for student housing project for financing feasibili
ty; including project construction budgeting, and income/expense proformas
Financed over 6,000 multifamily units in 9 states with project sizes up to 476 u
nits.
Financed mobile home parks
Made foreclosure decisions and managed workouts
Established real estate subsidiaries to own and operate real estate projects for
2,300 apartment units, 19 office and retail projects, and residential housing
projects
Negotiated and structured sale of servicing rights packages.
Government sourced financing: SBA / USDA.
Financed residential subdivisions in Virginia; New York; golf communities in Flo
rida
Established expertise in: drafting and using complex legal documents for commerc
ial real estate projects; working with legal counsel including depositions and
trial; and regulated lender operations.
Developed a restructuring program for $800+ million portfolio of fixed rate mort
gages to enhance earnings through bulk sales, incentive payoffs and capital mark
ets financings.
Management Responsibilities:
Over 25 years of experience in real estate: finance, due diligence analysis, ass
et management, loan administration, workout restructuring, construction loan man
agement, acquisitions, and real property sales and management.
Senior Management Experience in Banking and Non Banking Environments
Board Member Experience
Strategic Planning
Asset and Liability Committee
Asset Classification Committee to determine reserves against loans
Compliance Oversight for Regulatory Issues
Chief Liaisons contact for regulatory compliance; lobbying agencies pertaining t
o operating guidelines, regulatory and policy positions
Core Skills:
Deal structuring
Deal sourcing
Capital sourcing
Due diligence analysis for proposed and existing projects
Due diligence analysis for proposed bank mergers
Expertise in drafting and using complex legal documents
Negotiation experience for complex financings, leases, capital market funding, w
orkouts.
Expertise in working with legal counsel including depositions and trial
Entrepreneurial based operator for various real estate companies and mortgage
Writer and lecturer on real estate issues and technical applications
Professional Experience Background:
The Crestmont Company Consulting Group 1991 to Present
Ohio County Historical Society 2007 to Present
Chairman of Board - Not for Profit Museum in Rising Sun
Dream Maker Mortgage, LLC 2001 to Present
Founding Member and Owner
Established boutique residential mortgage loan brokerage with Real Estate Broker
age Company; negotiated correspondence relationships with national mortgage inve
stors.
Indiana Region 9 Workforce Board Inc. 2005 to Present
Past Chair/Founding Board Member
Not For Profit Company, charged by Indiana Department of Workforce Development t
o encourage and promote economic development through workforce and educational p
rograms in a 10 county area in Southeastern Indiana.
Indiana Commission on Agriculture and Rural Development - 1997
Tobacco Advisory Board to Governor of Indiana to advise and make recommendations
on funds disbursement from the Phase I and II Master Settlement Agreements from
tobacco litigation.
Columbia Banking, FSB 1983 to 1991
Senior Vice President-Real Estate Lending and Investments; Chief Lending and CRA
Officer.
Coban, Inc. 1983 to 1991
President & CEO
Started subsidiary holding companies for Columbia.
Designed operations for residential and commercial real estate loan originations
in a multi-state set up; Established companies for direct real estate investmen
ts and property management for apartments, office and retail.
U.S. League of Savings Institutions 1973 to 1983
Staff Vice President
Consulting to the industry in areas of commercial real estate finance; Implemen
tation of banking regulations; Participated in development of and provided resea
rch for implementation of RESPA, TIL, ECOA, ARM Mortgages; Created seminars for
presenting ideas and regulatory reform to members.
Auer Mortgage Company 1971 to 1973
Vice President - Commercial Real Estate Loan Officer
Originating and placing large commercial real estate loans with correspondents l
enders.