Real Estate Investment, Lending & Lender Liability Expert

Joe J. Crawford, CRE
Crawford Consulting, LLC

Crawford consulting provides litigation support, and testimony when necessary, to attorneys, both plaintiff and defense. 

Expert Services ó Crawford Consulting provides the client law firm services as a real estate expert, lender liability expert, commercial real estate expert, real estate lending expert, commercial lending liability expert, real estate workout expert, and real estate damages expert. Such expertise includes: standards of practice in real estate lending, standards of care in commercial lending, lending standards for commercial loans, development feasibility, problem credit workouts and debt restructuring. 

Types of Disputes ó Typical cases would include lender liability, breach of contract, commitments to lend, failure to fund, tortious interference, continuing development obligations, and failed construction projects. 

Crawford Consulting, LLC is an entity wholly-owned by Mr. Joe J. Crawford that provides real estate consulting services in the areas of finance, investment and strategic planning. Our clients include investors, developers, borrowers, lenders, and attorneys, for whom expert witness services are also provided.

Mr. Crawford is a 30-year real estate professional with finance, investment and executive management skills who brings the same methods and practices used by the nation's most reputable real estate investors, developers, and lenders to produce superior results for your company or lawsuit.

Notable Accomplishments

Served as a real estate and commercial lending liability expert in connection with a lender liability case involving a $65 million failed mixed-use high-rise condominium project.

Real estate investment and lender liability expert responsible for management of Citicorpís $1.2 billion, seventy-two facility relationship with the Trammell Crow Company. This was the largest non-sovereign nation credit risk of the bank worldwide at the time. Subsequently led a $350 million, forty-two credit facility refinancing of a portion of Citicorpís lending to Trammell Crow affiliated partnerships, which was integral to its subsequent transition to a services company. Closed the innovative master limited partnership roll-up restructure within one year to dissolve the liability.. 

Conceived and successfully executed a four-year apartment development equity investment program at Amstar. This consisted of 3,786 units across 12 transactions located in Dallas; Phoenix; Las Vegas; Ft. Lauderdale; Atlanta; Nashville; Clearwater, FL; Jacksonville, FL; Portland; and Rancho Santa Margarita, CA. Strategic relationships were formed with reputable developers (including Fairfield Residential, Westwood Residential, and JPI), yielding multiple transactions under standardized deal structure and legal documentation. 

Closed a $400 million loan with Citicorp lending to Trammell Crow Equity Partners II, an international opportunity fund.

Completed the two-year restructure of a $260 million multi-bank revolving credit & term loan facility to General Homes Corporation led by Citicorp as the lender. Managed the Paragon Group workout team at Citicorp, which successfully restructured $250 million in debt against thirty-one projects in ten states over a fifteen month period. 

Acting on behalf of the lender, Citicorp, arranged a $250 million mortgage warehouse line of credit for Commonwealth Mortgage.

Produced a record $242 million of new real estate investments on behalf of Amstar in one year prompted by heavy asset sales and a desire to defer capital gains taxes through 1031 exchanges. Acquisitions included three premium office properties totaling 600,000 square feet representing over $100 million in new real estate investment in Costa Mesa, CA, the San Francisco CBD and the Baltimore CBD; and a number of multifamily properties located in the west and northwest. 

Conceived and executed the Amstar multifamily acquisition & rehabilitation program, acquiring thirteen properties over two years representing $215 million in new real estate investment and consisting of 3,250 units located in southern California, Seattle and Portland.

Successful oversight of the negotiation, pricing, and closing of an $82.55 million REMIC commercial loan securitization done by an Amstar affiliate through CS First Boston. This was the first mixed-property, cross-collateralized REMIC done by a single owner/borrower in the real estate industry. 

On behalf of Amstar, after assuming management responsibility from the CEO, achieved a workout settlement within ninety days for the troubled $65 million Franz Klammer Lodge time-share ski resort project, hired new staff and implemented a business plan to redirect efforts and improve profitability. 

On behalf of the lender, Interfirst Bank Dallas, handled: (i.) a $40 million construction loan for the D/FW Hilton Hotel & Conference Center; (ii.) a $20 million participation in a loan funding the site acquisition for the Morton H. Meyerson Symphony Center; and (iii.) the relationship with two large Canadian developers: Cadillac-Fairview and Bramalea. 

Led a Citicorp team that secured a $42.5 million participation in the financing for the leveraged buy-out of Ryan Homes by NV Homes. 

Led a five-person consulting team at troubled HealthSouth Corporation that helped establish policies, lender and lending procedures, systems and controls necessary for Sarbanes-Oxley compliance in the Partnerships Control and Reporting Department. 

Provided a summary of all regulatory requirements and cash management process controls governing the vacation rental business in North Carolina for ResortQuest, a subsidiary of Gaylord Entertainment.

Served as a real estate and commercial lender liability expert in connection with a lending liability case involving a $65 million failed mixed-use high-rise condominium project.

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