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David T. McLain |
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David McLain is Senior Director of Palisades Financial and a principal of
the Fund Manager. He has 19 years of experience as a commercial real
estate professional in the structured finance, acquisition and portfolio
management arenas. He has participated in transactions valued in excess of
$1 billion. Prior to joining Palisades Investment Financial, LLC, he gained vast experience as Vice President of Wafra Investment Advisory Group, Inc., which invested funds for the government of Kuwait. Through his twelve years with Wafra, he formed, invested and managed five real estate funds that invested over $400 million of capital. He was responsible for closing no less than 30 transactions involving 3.2 million square feet of retail, industrial and office properties and 2,000 apartment units. These deals were structured as mezzanine/equity financing, joint venture and/or direct ownership. He has also negotiated and placed in excess of $250 million of third party debt with lenders such as Bear Sterns, Lehman Brothers, Cigna, Freddie Mac and Sun Life. Prior to Wafra, he was a Senior Analyst with Marathon Oil Company for six years. He was involved with numerous corporate real estate projects including a hotel and major office tower. In addition, he was Marathon's financial representative in reviewing international joint venture projects. He has a B.A. in Economics from Wittenberg College and an MBA from Miami University. He is a member of his town's zoning board and has served on numerous condo boards. He and his family reside in Bergen County and are members of Knickerbocker Country Club.
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