Since joining Eastern Consolidated in 1989 Scott Ellard has played an advisory role in structuring the acquisition and disposition of various real estate transactions. His background in property management, construction management and mortgage financing enable him to provide the Company with complex financial analysis and technical support throughout all phases of the sales cycle.
During the course of a sales assignment, Mr. Ellard actively interfaces first with the firm’s clients as sellers, in conducting the preliminary due diligence necessary for a successful marketing campaign. Out of this process he oversees the preparation of the offering memoranda to ensure an attractive package that presents the asset in its best light with reliable content that will survive a contract and closing.
Mr. Ellard then coordinates with many potential purchasers at once, offering them detailed, customized assistance in immediately adjusting income and expense forecasts tailored to reflect their particular tenancy and economic assumptions, often with multiple scenarios developed simultaneously. In addition to financial due diligence and the structuring of cash flow assumptions and projections, he is responsible for various analyses involving Operating Leaseholds, Land-only Fee Interests, Large Office Buildings, Rent Regulated Multi-family Transactions, Parking Facility Leases, Unsold Packages of Sponsor-held Cooperative and Condominium Units, Land Developments and Commercial-to-Residential Conversions.
Mr. Ellard oversees Eastern Consolidated’s information systems which provide the necessary tools for the successful deployment of Eastern Consolidated’s marketing campaign. Eastern Consolidated maintains property and client databases through which the physical and financial details of properties are tracked and matched with investor criteria. A custom database application built in-house assists in identifying pre-emptive bidders prior to "widening the net" to the broader market.
Mr. Ellard is a member of The Real Estate Board of New York (REBNY).
Mr. Ellard is a graduate of Colorado College with a degree in Linguistics.
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This is the second transaction involving 80-90 Maiden Lane. The first was on June 17, 1997 for $34,500,000.
Since joining Eastern Consolidated in 1989 Scott Ellard has played an advisory role in structuring the acquisition and disposition of various real estate transactions. His background in property management, construction management and mortgage financing enable him to provide the Company with complex financial analysis and technical support throughout all phases of the sales cycle.
During the course of a sales assignment, Mr. Ellard actively interfaces first with the firm’s clients as sellers, in conducting the preliminary due diligence necessary for a successful marketing campaign. Out of this process he oversees the preparation of the offering memoranda to ensure an attractive package that presents the asset in its best light with reliable content that will survive a contract and closing.
Mr. Ellard then coordinates with many potential purchasers at once, offering them detailed, customized assistance in immediately adjusting income and expense forecasts tailored to reflect their particular tenancy and economic assumptions, often with multiple scenarios developed simultaneously. In addition to financial due diligence and the structuring of cash flow assumptions and projections, he is responsible for various analyses involving Operating Leaseholds, Land-only Fee Interests, Large Office Buildings, Rent Regulated Multi-family Transactions, Parking Facility Leases, Unsold Packages of Sponsor-held Cooperative and Condominium Units, Land Developments and Commercial-to-Residential Conversions.
Mr. Ellard oversees Eastern Consolidated’s information systems which provide the necessary tools for the successful deployment of Eastern Consolidated’s marketing campaign. Eastern Consolidated maintains property and client databases through which the physical and financial details of properties are tracked and matched with investor criteria. A custom database application built in-house assists in identifying pre-emptive bidders prior to "widening the net" to the broader market.
Mr. Ellard is a member of The Real Estate Board of New York (REBNY).
Mr. Ellard is a graduate of Colorado College with a degree in Linguistics.