David Armstrong

David Armstrong has had a considerable amount of experience in the financial industry, with their earliest role dating back to 2004. David began as the owner/mortgage broker of Mortgage Alliance, where they originated, processed, and closed fixed and variable rate loans for homes and condominiums ranging from $300,000 to $1,000,000. David also originated, underwrote, brokered, and closed loans ranging from $3,000,000 to $7,500,000, which were secured by apartments. In 2010, they worked at Collabrus Workforce Administration as a commercial real estate consultant under the direction of the Internal Asset Review and Special Assets department managers. There they managed assigned loans within the real estate loan portfolio and performed annual reviews. David later joined MUFG Union Bank as Vice President - Commercial Real Estate Underwriter & Portfolio Manager. There, they provided real estate loan prescreening and underwriting expertise to private bankers and analyzed leases, rent rolls, operating statements, tax returns, market rental and vacancy rate reports, and demographic data. In 2016, they moved to Kinecta Federal Credit Union and worked as a Senior Commercial Real Estate Underwriter. Their responsibilities included reviewing, analyzing, and underwriting purchase and refinance loan opportunities for the commercial mortgage division, preparing detailed collateral, guarantor, and global cash flow analysis, and writing well-thought-out, thorough, and accurate credit memorandums. From 2022 to 2023, they worked in Farmers & Merchants Bank of Long Beach as Vice President - Portfolio Banker. There, they designed a spreadsheet model in Excel for the purpose of accurately and efficiently evaluating a portfolio of over 100 income-producing properties. The model includes a master spreadsheet showing loan balances, interest rates, amortization, payment obligations, cash flow projections, DSCR, value estimates. Additionally, over 100 credit spreads feed into the model with operating histories, EGI, expenses, NOI, cash flow projections. Their most recent role is with MMC Group LP starting in 2023, where they work as a Commercial & Multifamily Residential Loan Examiner & Portfolio Manager. Their responsibilities include examining commercial and multifamily real estate assets securing loans within Signature Bank's mortgage investment portfolio and reviewing and evaluating loan notes for initial interest rate, payment obligations, rate resets, amortization schedules, and reporting requirements. This examination pertains to the Federal Deposit Insurance Corporation's (FDIC) takeover of the bank and its $35 billion mortgage loan portfolio.

David Armstrong graduated from the USC Marshall School of Business with a Bachelor of Science degree, but no specific start or end year of attendance is provided.