Norwood Consulting

Michael N. Burt

President

Michael N. Burt is the founder and president of Norwood Consulting Group. Mr. Burt has more than 20 years experience in commercial real estate lending, loan workouts, foreclosures, litigation management, credit analysis, financial analysis, loan underwriting, loan portfolio due diligence, loan portfolio sales, and property site inspections.

During his career, Mr. Burt has successfully managed commercial real estate loan departments for large regional banks and savings and loans, including the initiation and development of a Construction/Development Lending department. Management of these lending departments included loan production, underwriting, loan closing, administration of loan draws, and sales and marketing activities.

Mr. Burt has also formed a Real Estate Owned department for a Texas-based bank. This included the management and marketing of all commercial and residential real estate assets. He successfully designed and implemented innovative business plans that increased the value of the real estate portfolio by 28%.

Additionally, Mr. Burt managed a $350 million commercial real estate loan portfolio of problem assets located in various states. Mr. Burt successfully negotiated workouts between borrowers and participating lenders and resolved all distressed assets through the development of strategic asset-based business plans.

Additional accomplishments while a bank executive included the securitization of loans with RTC mortgage-backed security initiatives. Also, Mr. Burt managed and directed the liquidation of a $350 million Savings and Loan Association.

Prior to forming Norwood Consulting, Mr. Burt served in various positions for consulting firms serving commercial mortgage lending clients and the FDIC. Mr. Burt managed the operation of extensive FDIC and RTC bulk loan sales and portfolio due diligence projects. Additionally, Mr. Burt managed commercial loan underwriting, due diligence, property site inspections, agreed-upon procedures, and portfolio analysis for commercial mortgage conduits. Mr. Burt holds a BBA in Finance from The University of Texas at Arlington.

Susan Burt

Principal/Managing Director

Susan Burt is a principal and Vice President of Norwood Consulting Group. Ms. Burt has 18 years of experience in various areas of commercial real estate, including as a partner in a commercial real estate development company, a regional vice president of a property management company, a senior asset manager of a life insurance company, and as manager of loan administration for various banks.

Ms. Burt established an asset management division and provided oversight and management of an extensive nationwide portfolio of commercial real estate assets for a Texas-based commercial real estate development company. Additionally, as a principal in this firm, Ms. Burt directed all due diligence and analyses of proposed construction projects and investment strategies.

As a regional vice president for a multifamily management/development company, Ms. Burt directed the management of 5,000 apartment units in the Atlanta region, which included a staff of more than 100 employees. Ms. Burt also served as Director of Asset Management for this firm and initiated the development of the department from the ground up, which included an 8,500 unit multifamily portfolio.

Ms. Burt has also served as a senior asset manager for various financial institutions and Mutual Benefit Life Insurance Company. She has managed all commercial property types that included both performing and troubled assets. Her duties included tenant lease negotiations, marketing, maintenance, renovations, and capital improvements.

Ms. Burt's experience also includes the management of a $700 million commercial real estate loan portfolio for a Texas-based bank. Ms. Burt supervised 20 employees and designed a PC database. Ms. Burt holds BBA in Finance and Real Estate from The University of Texas.

Roland Ruble

Director

Roland Ruble is the Director of the Southwestern, Midwest, and Western States Regions for Norwood. Mr. Ruble has more than 40 years experience in senior level management positions in commercial real estate, graduate business school program management, international consulting services, and manufacturing.

Mr. Ruble has extensive experience in credit analysis, due diligence, and property site inspections. He has served as the Chairman of The MBA Consortium, an alliance of fifteen premier graduate schools of business. He also served as the Director of the Two Year MBA Program for the Crummer Graduate School of Business at Rollins College in Winter Park, Florida.

Mr. Ruble has owned and operated his own consulting firm, successfully providing management, technical, and marketing consulting services to companies in the United States, Europe, Latin America, China, Japan, and Korea.

Mr. Ruble has successfully served in various senior level management positions in large manufacturing companies that included the management of operations in the United States, Canada, and Puerto Rico. Mr. Ruble holds a Bachelor of Science in Engineering from the University of Illinois and an MBA from Pepperdine University.

Michael N. Goldberg

Director

Michael N. Goldberg is the Director of the Mid-Atlantic and Northeast Regions for Norwood Consulting Group. Mr. Goldberg has more than 20 years of experience in commercial real estate lending, asset management, loan administration, loan workouts, and property site inspections.

Prior to joining Norwood, Mr. Goldberg served as a Team Leader in the Real Estate Special Assets Division of AMRESCO. He successfully created a loan administration division dedicated to servicing non-performing commercial real estate portfolios. Mr. Goldberg has served at various financial institutions with experience ranging from loan workouts to REO management. Mr. Goldberg has successfully managed loan portfolios exceeding $800 million, including construction and development, commercial and residential construction, and interim loans.

Mr. Goldberg has also successfully developed a Real Estate Owned department for a newly formed financial institution. The property types managed included both residential and commercial assets. Mr. Goldberg holds a degree in Construction Management and Technology from Richland College.

Michael D. Merriwether

Director

Based in Atlanta, Georgia Michael Merriwether manages Norwood's Southeastern Region. Mr. Merriwether performs property site inspections, credit analysis, loan underwriting, and consulting services. He brings a broad spectrum of financial analysis and real estate experience to Norwood. After serving as an Airborne Ranger in the United States Army, Mr. Merriwether interned at Merrill Lynch's International Trading Desk. Mr. Merriwether then began his career in financial analysis, which later evolved into underwriting SBA loans for businesses and real estate. Additionally, Mr. Merriwether has successfully managed the donor stock portfolio for C.A.R.E. as well as analyzing various components of C.A.R.E.'s international operations. Mr. Merriwether holds a Bachelors of Science in Business Finance from California State University, Northridge.

Kevin Ruble

Associate Director

Kevin Ruble serves as Associate Director of the Southwest, Midwest, and Western States Regions for Norwood Consulting Group. Mr. Ruble has 23 years of experience in commercial real estate, due diligence, SBA lending, and transportation management.

Mr. Ruble has served as a Vice President for a venture capital firm specializing in small business opportunities and lending. Mr. Ruble successfully served as an executive with Heller Financial concentrating on structured financings and leveraged buyout solutions for emerging growth companies.

Mr. Ruble has successfully developed his own acquisition advisory firm, Transolutions, which provides strategic advisory services to commercial lenders, private investment firms, and emerging growth companies. Mr. Ruble holds a BBA in Economics from Sam Houston State University and an MBA from the University of Dallas.