Ron is based out of HRE’s Boston office and is responsible for strategy, and implementation of revenue growth initiatives, and value creation of Hilco Real Estate’s Auction and Disposition platforms. Since joining Hilco in 2009, Ron created, and operated HRE’s debt and asset management, debt and capital restructuring, and bank and other creditor advisory service platforms. Ron and his team have been involved in over $1 billion of debt restructures, loan workouts and discounted debt transactions for debtors and creditors. Ron was also a founder and Chief Operating Officer of the Hilco Real Estate Finance, LLC management team and was responsible for policy and guideline implementation and operations.
Prior to joining Hilco, Ron served as Managing Director at Crystal Capital Fund, LLC, where he led the real estate debt and equity investment business, including origination and structuring for a $1 billion fund. Ron had also been with Bank of America and its predecessors for over 24 years. At Bank of America, Ron was senior vice president and region executive in the Home Builder Finance Group where he directed structuring land acquisition, land development and development lending activities. During that time he held various senior management positions including executive vice president and senior banker in the FleetBoston Financial, Real Estate Structured Finance Group where he focused on entity level, syndicated corporate real estate finance activity throughout the United States. While at FleetBoston, Ron also served as the business line executive for the Shopping Center Finance Group where he directed entity level and property finance lending activity to national REIT and private real estate development companies. Under his leadership FleetBoston originated and syndicated over $2 billion of debt and became recognized for its specialty focus on the shopping center development industry.
Prior to FleetBoston, Ron was with Shawmut Bank, N.A. where he served as business line executive of Real Estate Workout, Restructuring and OREO where he managed the restructuring and disposition of a $1.3 billion portfolio and reducing the ratio of non-performing loans to total assets from over 10% to less than 2%. Ron went on to direct Shawmut’s Portfolio and REIT Finance Group, where he led the origination and structuring of debt products to buyers of distressed and underperforming portfolios.
Ron is a graduate of the University of Maine and is an active member of the International Council of Shopping Centers, the Turnaround Management Association and American Association of Private Lenders. Ron is also a member of the Jewish National Fund, New England Region as a board member and past president.