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Young Hong
Managing Member |
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Mr. Hong formed Strategic Property Associates 1993 and served as its President for 20 years. He has served in senior management positions for Pacific First Bank, Pacific Life, and First Nationwide Bank, in real estate investment, asset management, and lending functions as director, division, and department manager. Mr. Hong has lectured on the subject of real estate investment, lending, and economics at the University of California at Irvine, National University, Webster University, and Pacific States University. Mr. Hong has also served as a Real Estate Receiver for defaulted loan properties, appointed by the Superior Court of the County of Los Angeles. Mr. Hong has a B.S. degree in Finance from Brigham Young University. |
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James Evans
President & CEO / Strategic Property Associates |
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Mr. Evans has been a key equity owner of the company since 1997. He has been involved in all aspects of the companies guiding the strategic direction of companies and client relationships. His experience in due diligence, underwriting, loan servicing, and asset management has assisted our clients in making key investment and problem resolution decisions. Exposure to billions of dollars of real estate transactions through due diligence and loan servicing activities has allowed him to continue to help our clients enhance their asset management decisions. Mr. Evans served in management positions for sales and distribution companies, with a particular emphasis on business development, financial management / accounting, customer relations / service, and training. Mr. Evans majored in Business Management at California State University at Fullerton.
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Corey Babarovich
President & CEO / Strategic Asset Services, LLC. |
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Mr. Babarovich joined Strategic Property Associates in 2003 and has directed the strategic planning and execution of SPAs inspection business, SAS, since 2006. He has over 32 years of experience in all aspects of commercial real estate finance including origination, primary servicing, special servicing, asset management and dispositions, and in those capacities has personally performed thousands of inspections. Mr. Babarovich has held management positions at The Bank of New York, GMAC, Bankers Trust Company and Metropolitan Life Insurance Company, and holds a B.S. in Real Estate and Finance from University of California, Berkeley and an M.B.A. in Finance from the Wharton School. He has a California real estate brokers license. |
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Brian Clyne
Vice President Operations / Strategic Asset Services, LLC |
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Mr. Clyne is responsible for managing the overall operations of Strategic Asset Services, including a team of over 230 inspectors across the nation. He graduated with a B.S. degree in Business Management from Utah Valley University in 2012, and began managing the day to day operations for a residential mortgage quality control company located in Salt Lake City, Utah. He has since taken on increasingly more responsibility after joining Strategic Property Associates in 2015 where he managed the Reserve Disbursements team. During his time working in this capacity, he oversaw the processing of over $1.7 billion in borrower reserve funds. In addition to his duties as the head of Reserves, he developed skills in many aspects of CMBS servicing including proficiency in lease reviews, DSCR testing, and financial spreading. As well, he assisted in client underwriting models, due diligence site inspections and due diligence underwriting for loans totaling in the hundreds of millions of dollars.
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Jon Martino
Senior Vice President / Strategic Property Associates, LLC |
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Mr. Martino is the Senior Vice President and head of the consents department of Strategic Property Associates where he manages the following departments for the company's bank and loan servicing clients: loan assumption and transfer of interest requests, annual credit exposure reviews, major lease approvals and debt service coverage ratio testing. He joined Strategic Property Associates, LLC in 2004 and has underwritten in excess of $17 billion of loan assumptions for CMBS and Agency servicers. Mr. Martino has 35 years of commercial real estate experience including in due diligence, underwriting, brokerage, investment and property management. Mr. Martino received a B.S. in business administration with an emphasis in real estate from the University of Southern California and a M.B.A. with an emphasis in finance from Chapman University. Mr. Martino has a California real estate broker's license. |
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Steve Blair
Senior Vice President / Strategic Property Associates, LLC |
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Mr. Blair is the Senior Vice President and head of the due diligence department where he manages Strategic Property Associates, LLC's CMBS due diligence, CRE portfolio due diligence and new loan underwriting. He has been with Strategic Property Associates since 2013. Mr. Blair has deep banking and commercial real estate experience including construction finance and workouts, commercial real estate finance and acquisitions, workouts, merger due diligence, CMBS re-underwriting due diligence, etc. Prior to working with Strategic Property Associates, LLC, he worked as a senior underwriter with CW Capital Investments in its subordinate bond acquisition division. Prior to this, Mr. Blair was with Arthur Andersen and Crocker National Bank (now Wells Fargo Bank). Mr. Blair attended the University of California Berkeley undergraduate business school with an emphasis in Real Estate and Urban Land Economics with a secondary emphasis in Finance. |
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