Jonathan Coven
Principal at Muchmore Capital- Claim this Profile
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Bio
Experience
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Muchmore Capital
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United States
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Banking
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1 - 100 Employee
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Principal
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Dec 2020 - Present
Muchmore Capital facilitates advisory-based financial transactions on behalf of individuals and corporations in the healthcare space. Services that set us apart: • Develop the strategy to win deals • Draft bids and complete RFPs • Conduct due diligence and site inspections • Handle negotiations for clients We specialize in: Senior debt • Mezz debt • Equity • HUD 232 Programs • Mergers Muchmore Capital facilitates advisory-based financial transactions on behalf of individuals and corporations in the healthcare space. Services that set us apart: • Develop the strategy to win deals • Draft bids and complete RFPs • Conduct due diligence and site inspections • Handle negotiations for clients We specialize in: Senior debt • Mezz debt • Equity • HUD 232 Programs • Mergers
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Greystone
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United States
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Financial Services
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700 & Above Employee
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Executive Managing Director / Special Projects
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Dec 2000 - Dec 2020
2014 to 2020 — Launched and ran Greystone’s bridge-to-HUD platform for large turnaround healthcare deals. Underwrote, syndicated and closed $2.7 billion of bridge loans which have been or are about to be refinanced by HUD. Loan size $1.5 million to $150 million, averaging $46 million. Most deals had LTC of 90% including mezz and were syndicated to two to five banks. Built strong relationships with banks, REITs and mezz lenders. 2011 to 2013 — Raised equity to support Greystone’s healthcare and multifamily bridge-to-HUD platform that funded small, stabilized properties. Sourced, underwrote and closed acquisitions of distressed multi-family properties for Greystone’s own portfolio. 2006-2010 — Structured carry-over-basis tax advantaged acquisition of 2.3 million sq. ft. of bankrupt, shuttered TV tube factories. Acted as general contractor removing assembly lines and converting to warehouse and flex space. Won $15 million of state grants for environmental clean-up, renovations and fixturing costs for new tenants. 2000-2005 — Underwrote and negotiated joint venture to complete distressed, 175-unit ground-up condo project in Madison. Purchased, financed and operated distressed receivables company in Dallas. Asset manager for distressed 2,500-unit, low income apartment complex in Brooklyn. Show less
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Chenug Kong Holdings
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HONG KONG SAR, China
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Vice President
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Dec 1995 - Dec 1999
-Signed a 450,000 sq. ft. lease with New York State in August, 1996 which was the largest lease signed in the Financial District for the past five years, and followed up with a 300,000 sq. ft. lease in 2000. -Negotiated the sale of 60 Broad to Pioneer Holdings and recovered Cheung Kong Holdings investment. -Signed a 450,000 sq. ft. lease with New York State in August, 1996 which was the largest lease signed in the Financial District for the past five years, and followed up with a 300,000 sq. ft. lease in 2000. -Negotiated the sale of 60 Broad to Pioneer Holdings and recovered Cheung Kong Holdings investment.
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Olympia and York
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Real Estate
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1 - 100 Employee
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Vice President
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Dec 1987 - Dec 1999
-Marketed and negotiated leases for Olympia & York, the largest office building developer in the world and largest landlord in Manhattan, owning 25 million feet of office space. -Signed $1 billion of leases, including with complex side agreements to circumvent restrictive covenants in securitized mortgages. -Partnered with New York City Economic Development Department to retain businesses. -Marketed and negotiated leases for Olympia & York, the largest office building developer in the world and largest landlord in Manhattan, owning 25 million feet of office space. -Signed $1 billion of leases, including with complex side agreements to circumvent restrictive covenants in securitized mortgages. -Partnered with New York City Economic Development Department to retain businesses.
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Trizec Properties
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Real Estate
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1 - 100 Employee
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Construction Manager | Senior Leasing Representative
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Dec 1979 - Dec 1986
Managed the design and construction of office and retail space in three landmark buildings in downtown Detroit. Despite no net absorption, took the 950,000 sq. ft. First National Building from 70% to 100% occupancy and sold the property for a profit. Managed the design and construction of office and retail space in three landmark buildings in downtown Detroit. Despite no net absorption, took the 950,000 sq. ft. First National Building from 70% to 100% occupancy and sold the property for a profit.
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McKinley Property Management
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United States
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Real Estate
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1 - 100 Employee
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Property Manager
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Dec 1975 - Dec 1978
Managed 11 student apartment buildings in Ann Arbor and Ypsilanti. Within 18 months, turned-around 3 distressed properties in Ypsilanti with 70% occupancy and 30% delinquency rate to 100% occupancy and 100% collection rate. Managed 11 student apartment buildings in Ann Arbor and Ypsilanti. Within 18 months, turned-around 3 distressed properties in Ypsilanti with 70% occupancy and 30% delinquency rate to 100% occupancy and 100% collection rate.
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