William H. Purcell has over 50 years of experience in Investment Banking, Mergers and Acquisitions, and other Finance Issues. He is currently a Senior Director at Seale & Associates, a boutique investment bank with both U.S. and foreign clients. Seale is focused on Mergers and Acquisitions, Corporate Finance Advisory, and Strategy Consulting.
Mr. Purcell's past client coverage includes such companies as Anheuser-Busch, Hoechst Celanese, Volkswagen, and Metropolitan Life to name a few. He was also appointed CEO of a publicly-traded company going through bankruptcy proceedings. Additionally, Mr. Purcell has been a director on several corporate boards. Through his relationship with Seale & Associates, Mr. Purcell has affiliations with professors at The George Washington University Business School and the University of Virginia Business School. He has been an occasional guest lecturer in investment banking and finance at George Washington University and Monmouth University.
Consulting Services Include
Mergers and Acquisitions - LBOS and Recapitalizations
Advice to Special Committees of Boards and Trustees
MCS Associates is a nationally recognized consulting group that has provided financial, operations and regulatory/compliance consulting services nationwide to financial institutions, insurance companies and regulatory agencies as well as real estate and financial services organizations for over 40 years. Expert Witness and Litigation Consulting are a primary focus of our services. We undertake expert witness assignments throughout the United States and our clients include several hundred leading law firms around the country, working on behalf of both plaintiff and defendant financial institutions, borrowers, depositors, investors, developers, insurance companies and their insured, securities/insurance/real estate brokers/agents, regulators and government agencies, and individuals.
Together with MCS Associates’ specialized resources in banking, financial services and real estate, we also draw on key strategic alliances in insurance, economics, academia and the securities industry to meet a wide range of expert witness needs. Our litigation experts include experienced bankers, lenders, consultants, regulators, managers, brokers & agents in insurance, real estate, and securities; insurance claims and underwriting managers; economists, accountants, appraisers, real estate analysts, and academics.
Bedrock Investments Group (BIG) acquires undervalued, strategically located single tenant net leased properties that deliver predictable cash flow to our partners. Their streamlined Commercial Real Estate Acquisition Process, and in-depth Due Diligence, result in noteworthy investment opportunities. BIG's conservative, disciplined approach results in investment performance that provides for consistent cash flow and equity growth. BIG has an exceptional track record of delivering cash flow at above market rates without burdening their properties with debt.
The team at BIG identifies undervalued net leased properties throughout the U.S. that have solid fundamentals and creditworthy tenants. They acquire and hold these freestanding, single tenant net leased (STNL) properties as long-term investments. Typical sellers include estates, partnerships in dissolution, lender REOs, and investors facing less than three-year lease terms
Complete due diligence and acquisition thoroughly and quickly, thereby ensuring the seller of a timely transaction
Centralize the decision-making process by eliminating the need for many layers of approval
Evaluate worst case scenarios
Provide hands-on, active property management at competitive rates
Dr. Dick Bridy, a Principal at BIG, brings over 40 years of broad experience in Commercial Real Estate Acquisitions and Development to the firm. He is the entrepreneurial founder and CEO of DBI Group, a boutique real estate firm specializing in commercial retail centers and single tenant properties.
Throughout his distinguished career, Dr. Bridy developed expertise in team brokerage, leasing, private equity funding, construction, and asset management. From the ground up, he and his team entitled and built two shopping centers and five single tenant properties. In addition, he has supervised the redevelopment of over 3.5 million sq. ft. of gross leasable area in 14 shopping centers. Through extensive research, market valuation, physical inspection, and financial analysis, Dr. Bridy targets ideal properties with maximum economic potential for Bedrock’s portfolio.
BHK Associates, Inc. (BHK), is a Banking / Finance firm comprised of former bank presidents, chief executive officers, chief creditor officers, and chief lending officers. BHK clients include banks, credit unions, title companies, financial institutions, and insurance companies.
Advisory Services - BHK Associates, Inc., provides a broad range of advisory services to the financial industry and its clients, involving a number of disciplines: Banking Industry Standards & Best Practices, Strategic Planning and Performance Reviews, Banking Operations, Construction Lending, Due Diligence Reviews, Merger & Acquisition Reviews, Troubled Debt Restructuring, Real Estate Appraisal Issues, and more.
Special Credits & Loan Workouts - Their experts have years of experience advising in the areas of special credits, loan workouts, and collection. Specific areas of expertise include: Problem Loan Review & Classification, Problem Loan Workout Strategies, Negotiating Loan Workouts & Forbearance Agreement, Asset Disposition and Loan Sales, Intra-bank disputes, Problem Asset Valuation, Loan Quality Assessment and Analysis, etc.
Brian H. Kelley, Founder and Principal, is a seasoned Banking Executive, Lender, and Attorney with over 30 years of experience in lending, top management, and legal positions for both regional and larger commercial banks in California, Arizona, Washington, and Oregon. He has served as the CEO of three successful community banks and the head of a Multi-Billion Dollar lending group with a large international bank.
Mr. Kelley earned his BA and JD from Brigham Young University. He has been admitted to the CA, UT, and HI Bar Associations. He also has extensive professional course experience in loan underwriting, credit analysis, corporate finance, and lending practices. Mr. Kelley has been a featured speaker and panelist for various industry groups, including the Mortgage Bankers Association and the National Hotel Finance & Investment Conference.
CBM1 is a Southern California-based Commercial Real Estate Leasing and Investment Sales Brokerage specializing in landlord and tenant and property investor representation for retail, industrial, and other commercial real estate properties.
Consulting Services - CBM1 has the market knowledge, industry relationships, and marketing prowess to average nearly 300 transactions annually over the past three decades, leasing well over 6,000 properties. Clients have included Walmart, Sprouts, Habit, Popeyes, Sprint, Best Buy, Smart & Final, CVS, Walgreens, Wells Fargo, Subway, and many more.
Rick Rivera, Principal at CBM1, is a Commercial Real Estate Professional and Shopping Center Property, Asset Management, and Brokerage Expert in the real estate business for over 30 years. He specializes in representing landlords and tenants in the leasing and sale of commercial properties.
Formerly President and CEO of CBM, Inc., Mr. Rivera oversaw 11 million square feet, thousands of tenants, several hundred landlord clients, dozens of property managers, and leasing agents. He was the broker of record for more than 300 leasing and sales transactions annually. He supervised daily operations and directed a team responsible for managing and leasing a 500+ shopping center and retail specific portfolio.
CBM was a CoStar ranked “Power Broker” for nearly a decade for leasing and/or selling 300+ properties annually. He has personally represented sellers and buyers in the sales of over $300 million in retail properties.
Chasen Capital Advisors is a strategy and business advisory services firm specializing in the Hospitality and Vacation Ownership Industries. At their core, they provide knowledge and practical solutions to assist industry players in the many aspects of the hospitality and vacation ownership industries including operations, sales and marketing, asset management, acquisitions, financing and branding strategies.
Chasen Capital Advisors specialize in working with and managing inter-disciplinary teams in the areas of architecture, construction, legal, resort operations, finance and development. In real estate, every project is different and every solution unique and tailored made.
Hospitality Services - Hotel operations, hospitality litigation and expert testimony, fractional ownership, contracts review, capital markets, hotel repositioning, acquisition and dispositions, management contract negotiations and franchise selection.
Vacation Ownership Services - Financial, sales & marketing, product development, legal & litigation services, and capital formation and origination consulting.
Asset Management - Owner’s representative, board member, asset manager and outside consultant; monitor property operations, including management company performance; analyze property reporting, including variances relative to pro forma, provide real-time recommendations for property and operational improvements, etc.
Acquisition Due Diligence - Physical product development and sales; acquisition due diligence; economic and financial feasibility services; liquidity issues and financing options resulting from review and analysis of the consumer receivables portfolio; managing the servicing of consumer receivables, etc.
Management Contract Disputes - Corporation defined, used primarily for a purpose, taxable income, transfer pricing, tax returns.
Jon R. Simon, Managing Partner, is an experienced Finance and Investment Professional with decades of Consulting, Operations and Investing experience. He has a long and accomplished background in the Hotel and Vacation Ownership Industries where he has advised some of the largest U.S. investment funds, hospitality and gaming companies, and high net worth individuals.
Mr. Simon started his career at KPMG where he was elected to the partnership at the age of 31, making him the youngest full equity partner in the United States. At KPMG he headed the firm’s hospitality and real estate consulting practice for the Southeast US, Latin America and the Caribbean focusing on hotels, mixed-use resorts and shared ownership. He also served as a national acquisitions partner serving senior roles in some of the largest hospitality industry acquisitions.
After leaving Starwood, Mr. Simon was one of the 5 founding principals of a late-stage private equity fund oriented to the hospitality industry where he also assumed the role of Chief Investment Officer. In his first full year, he oversaw the underwriting and closing of over $150 million of direct investments, representing over $500 million of asset value.
David D. Gibbons & Company, LLC provides Banking and Bank Regulation Litigation Consulting and Advisory services. Their business serves a diverse clientele, ranging from banks and bankers to lawyers and litigators, to bank regulators, to other financial service organizations. Their knowledge, expertise, experience, and services cover a broad spectrum of banking, bank regulation, and enforcement matters, from safety and soundness to compliance and conduct.
Regulatory Risk Advisory Services:
Enterprise Risk Management
Culture and Tone at the Top
Governance and Structure
Risk Assessment, Identification, Measurement, Reporting, and Mitigation
Audit and Other Assurance Functions
Board Risk Reporting
Commercial and Retail Credit
Portfolio Credit Risk Management and Credit Administration
Risk Analysis and Evaluation
Risk Recognition and Ratings
Credit Risk Accounting Matters/Nonperforming, TDRs Impairment, etc.
Problem Asset Management
Credit Risk Review
Rehabilitation and Resolution
Policies, Plans, and Frameworks
Problem Asset Management
Liquidity and Contingency Funding
Capital Adequacy / Capital Restoration
Crisis Management and Recovery
Allowance for Loan Losses Regulatory Relations Management
David D. Gibbons, President, has 45 years of experience in Banking, Risk Evaluation and Risk Management, and Bank Regulation. He is widely recognized as an accomplished financial services executive with unique perspectives as a Former Chief Risk Officer HSBC, former Senior Bank Regulator (both policy and supervision), Chief Risk Officer, Deputy Comptroller for Credit Risk and Troubled Banks at Office of the Comptroller of the Currency, and Banking Consultant (shadow regulator).
Mr. Gibbons leverages his experience with financial services organizations, ranging from community to regional to systemically important. He has demonstrated credit and enterprise risk evaluation and management expertise. He has extensive knowledge of industry regulatory policies and practices, including risk assessment, examination, and enforcement. With proven regulatory issue, and troubled bank, remediation and resolution expertise, he is effective both as an individual contributor or in a team leadership role.
Golden Age Advisory, LLC is a Real Estate Finance and Valuation company providing private placement of equity and debt for Senior Housing (Independent Living, Assisted Living, Skilled Nursing Facilities, Continuing Care Retirement Communities), Assisted and Market Multifamily properties, and other Commercial Real Estate.
Property Types Include:
Assisted Living Facilities
Memory Care Facilities
Age Restricted Housing
Market, Affordable, and Government Assisted Apartments
Net Leased Properties
Industrial and Commercial Buildings
Sources for Funding Include:
“Friends and Family” qualified Investors
Qualified investors requiring placement of funds pursuant to a 1031 exchange
Foreign investors by direct placement or through citizenship programs
Domestic institutions including banks and agencies, and REITs.
Advisory to owners and investors in the above areas on financial structuring, management, and transactional issues
Michael B. Vaughn, Principal at Golden Age Advisory, has had over 40 years of experience in Real Estate, Mortgage and Financial fields, Public and Private Sector. He is the Former Director of HUD’s $20 billion Section 232 (Nursing and Assisted Living) Mortgage Program and holds a Bachelor's degree from Georgetown University and a Yale MBA.
Litigation - When a case is not to the point where an expert needs to be designated, clients and attorneys often benefit from consulting with an expert in order to gain a better understanding of the strengths and weaknesses of their case. Our firm offers services in these early stages, allowing the attorney to consider key questions, such as whether or not the case has enough value for litigating, potential settlement value, and often times forming the framework for discovery requests. With our in-depth experience in banking and real estate, we have been able to help our clients identify key issues to investigate in a deposition, consider different complexities of a case, and assist in fact development by suggesting documents or information to request. When we work in this consulting capacity, our communication is covered by the attorney-client privilege, so our clients and attorneys are free to discuss trial strategy without the worry of discoverability. This has allowed us to add value by performing preliminary analyses to assess the viability of different strategic directions for the case.
Bank Negotiation - Situations may arise where you could benefit from the knowledge and experience of an unbiased party in a financial situation. Whether you need help negotiating a short sale on your commercial property, working with the SBA, or renegotiating an operating line of credit with your bank, we can help. Our many years in the banking industry have given us the knowledge and contacts necessary to help you through the transaction. For these situations that require a greater depth of experience than you may have on staff, JBH Real Estate Experts can do the job on a project basis.
Real Estate Brokerage
Jay Hibert is a licensed Real Estate Broker CA BRE #01523075 . He is happy to assist your existing broker, or he can represent you in a transaction. Jay's expertise is in negotiating transactions between buyer and seller, identifying purchase opportunities for 1031 exchange, contract review, and arranging financing.
Maurice Robinson, ISHC, CRE, ASA, is an expert in the field of hotel and resort consulting. He has been facilitating the development and redevelopment of high-end, full-service hotels and resorts for over 30 years.
Additionally, Mr. Robinson has been providing litigation support services, strategic advisory services, hotel repositioning, market feasibility studies, and appraising hotels and other hospitality-related real estate. His expertise includes advising clients on development planning, deal structuring and financial issues, dispute resolution, workouts, and expert witness testimony related to hotel and resort development and investment.
Qualified Expert Witness & Consultant in Hotel and Real Estate Industry Business Issues:
Recently, we were engaged by the National Park Service (NPS) to appraise the structures and other improvements that have been constructed by commercial vendors or "concessionaires" operating hotels, restaurants and other hospitality services in National Parks.
Steven D. Epcar, CPM an Expert in Real Estate and Property Management Issues with 35+ years of experience;including residential, commercial, retail, hotel, condominium and mixed-use properties. Experienced in litigation support including standard of care, partnership conflicts, brokerage issues,landlord/tenant, valuation, personal injury, habitability, environmental, life safety cases.
Steven is a member of the Forensic Expert Witness Association (FEWA). He serves as a real estate consultant for institutional and private investors, providing an array of services: asset/property management related assignments, organizational assessments, financial feasibility, due diligence,and new development services.
Previously, Mr. Epcar served as President, Residential Services for Carmel Partners a R/E investment/management firm in San Francisco, Principal/Founding Partner of Ventana Property Services, a West Coast third party management and consulting firm and President,Prometheus Management Group,a development/investment/management firm.
Salt Hill Statistical Consulting Alan Salzberg is Senior Statistician and Principal of Salt Hill. Dr. Salzberg's focus is statistical analysis, sampling, estimation, and modeling, especially using large or complex datasets. Many of Dr. Salzberg's consulting projects relate to the detection and measurement of bias or fraud. Dr. Salzberg has testified as an expert witness in statistics in multiple venues. Prior to joining Salt Hill, Alan was CEO at Analysis & Inference. He has also held positions at KPMG (in its Economic Consulting group) and at Morgan Stanley. Dr. Salzberg holds a Ph.D. in Statistics from the Wharton School of the University of Pennsylvania, where he also received a Bachelor of Science in Economics. For musings on everyday probability, see Dr. Salzberg's blog: "What are the chances?"