Audrey A. McGuire, Chief Executive Officer

Ms. McGuire is the Chief Executive Officer and founding partner of Emax Financial & Real Estate Advisory Services, LLC, established in 1989, and a partner of Emax Fund, L.P, which invests in real estate and unrated tax-exempt bonds. During her 26 years of investment banking experience, Ms. McGuire has managed the development of innovative financing strategies for over $12 billion of real estate and related assets.

She served as Engagement Manager for the U.S. Department of Housing and Urban Development (HUD) Asset Sales Program and for the U.S. Department of Veterans Affairs enhanced use Leasing Program. Additionally, Ms. McGuire served as Project Manager for the design of the 601 Program for HUD and as Project Manager for a task order under the Department of Education ("ED") leading a team to design various asset management and disposition programs for ED's complex defaulted student loan portfolio. Ms. McGuire served as the Financial Advisor for trustees and bondholders on a $232 million portfolio of defaulting Mutual Benefit tax-exempt bonds, as loan sale advisor to the Resolution Trust Company for a $250 million portfolio, and as investment banker to the Industrial Indemnity Company for a $120 million portfolio. Ms. McGuire received a BSFS in International Economics from the School of Foreign Service at Georgetown University. Ms. McGuire was previously a General Securities Principal (Series 24), and Municipal Securities Principal (Series 53) at a broker/dealer firm.
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Jay McGuire, Chief Operating Officer

Mr. McGuire has joined Emax in the role of COO.  Mr. McGuire brings over 30 years experience in senior executive management, operations management and consulting work.

His former consulting practice spanned the U.S. and International marketplace and included working with clients in the insurance, brokerage, and transportation community as well as the real estate advisory fields.

The vast majority  of the practice was devoted to  strategic planning, pricing analysis, analytical reporting, database design, work flow processes, quality initiatives, compliance issues and project oversight. 

Mr. McGuire graduated from St. John’s University in 1976 with a BS in Marketing.  He was a Board of Director of the Navigators and NIC insurance companies and former Chairman of the Association of Average Adjusters of the United States.

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Kristen Stierwalt-Huff, Regional Director

Ms. Stierwalt-Huff is a Regional Director in Emax Financial & Real Estate Advisory Services, LLC's Maryland office. She conducts market, pricing and programmatic feasibility analysis regarding proposed mortgage and mortgage-backed securities products and enhancements. Ms. Stierwalt-Huff also analyzes the market for new securitization programs targeting conventional loans and the impact on homeownership rates.

Ms. Stierwalt-Huff is also involved in many aspects of the Military Housing Privatization initiative from project concept and valuation to development of innovative approaches for financial structuring and closing to achieve the best value for the Services.

Prior to joining Emax Financial & Real Estate Advisory Services, LLC, she worked in Ernst & Young LLP’s Real Estate Advisory Services (REAS) practice.  Ms. Stierwalt-Huff has more than ten years of experience in the affordable housing and finance industry that includes real estate underwriting, loan servicing, and program and policy analysis.  Her prior experience also includes her role as a Program Director with the Finance Group at The Enterprise Foundation and an Assistant Research Director with the Research, Evaluation, and Documentation Department. She has managed financial advisory engagements from opportunity identification through to completion for public and private sector clients including Ginnie Mae, Fannie Mae, Department of Housing and Urban Development, Department of Veteran Affairs and large international financial institutions.

Ms. Stierwalt-Huff has received Master of Public Policy from Harvard University, a Bachelor of Arts in Economics with honors from Howard University, is certified by the National Development Council as a Housing Finance Professional and is pursuing CCIM designation.
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Sal Espinosa, Director

Mr. Espinosa is responsible for providing analytical, quantitative, and financial modeling services to governmental clients.  Currently he provides analytical support for the Government National Mortgage Association’s reverse mortgage securitization program.

He participates in the analysis of legal and operational issues surrounding the securitization of home equity conversion mortgages and assists in the creation of financial models to identify issues that may arise during the life of the security. Additionally, Mr. Espinosa supports the Air Force Military Housing Privatization Initiative. 

Prior to joining the firm, Mr. Espinosa was an educator in New York City. He received a BA from Harvard University and graduated with honors.
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Nikki Padgett, Associate

Ms. Padgett  has been associated with Emax for over seven years, serving in both the New York and Maryland offices.  Her primary responsibilities include the oversight and coordination of Emax projects and general workflow.  She also manages the firm’s contracting process, both in terms of client and subcontractor relationships.

Ms. Padgett has been engaged in a providing financial advisory services for a number of  governmental clients. Most recently, she has been assisting the Air Force in the privatization of military housing for various Air Force installations.  These projects include: Dover Air Force Base, Tinker Air Force Base, and Hickam Air Force Base.  Ms. Padgett is responsible for the design of a critical path to ensure optimal transaction process.  Additionally, she has been closely involved in the proposal review process and has created procedures to achieve compliance with the Government’s stated objectives.

Her support for the Department of Veterans Affairs includes the procurement and coordination of third party consultants who provide a range of reports including environmental assessments, property appraisals, and title searches.  She assists in the development of briefings on behalf of the Asset Sales Office of the Department of Housing and Urban Development and conducts due diligence reviews for the sale of single family and multifamily defaulted loans.

Prior to joining Emax Financial & Real Estate Advisory Services, LLC, Ms. Padgett was employed by the Bank of New York where she acted as a liaison among various operating teams in the Corporate Trust and Mortgage-Backed Securities Group, and developed integral material including mortgage and security related documentation.  Ms. Padgett attended the Borough of Manhattan Community College.
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Kasey Chaleunsouk, Associate

Mr. Chaleunsouk is responsible for providing analytical, quantitative, and financial modeling services to governmental clients.  Currently he provides quantitative modeling support for the Federal Housing Administration's asset sales program which entails the analysis of the spectrum of single family and multi-family mortgage assets.  Additionally he supports the Department of Veterans Affairs’ enhanced-use leasing program.

Mr. Chaleunsouk develops financial tools to ensure that programmatic undertakings are consistent with the quantitative mandates of the program’s legal underpinnings.

Mr. Chaleunsouk assists the Department of Education in the oversight and monitoring of detailed financial statements for the state Guaranty Agencies. The objective is to confirm accuracy, and compliance with minimum reserve ratios and other performance indicators.    Prior to joining the firm, Mr. Chaleunsouk supported the work of NYC2012, the non-profit organization advocating New York City’s bid for the 2012 Olympics. As an undergraduate, he was a Ronald E. McNair Scholar with strength in independent research and empirical analysis.

Mr. Chaleunsouk received a BA in Political Science from Columbia University.
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Jelani House, Associate

Mr. House is responsible for providing analytical, quantitative, and financial modeling services to governmental clients. Currently, he supports the Office of Secretary of Defense Housing and Competitive Sourcing team in the oversight and management of the Military Privatization Housing Initiative program.

Mr. House is involved in the analysis and documentation of current practices associated with the provision of housing for military personnel.  He also provides analytical support for the Government National Mortgage Association’s reverse mortgage securitization program.

Prior to joining the firm, Mr. House worked as an assistant to the Financial Management Officer at the U.S. Embassy in Beijing, China.  At the U.S. Embassy, he produced literature detailing many of the Financial Management Office’s policies and protocols as they apply to American diplomats living abroad. At the Financial Management Office, Mr. House re-introduced a computer database for employee payroll and served as a general editor for all unclassified official documents published in the office.

He received a BA in Economics and English from the University of Virginia.
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Michael McGuire, Associate

Mr. McGuire provides analytical, quantitative and financial modeling services for Emax clients. His work for the Department of Veterans Affairs includes the development of reports for the administrative oversight, monitoring and compliance maintenance of various Enhanced-Use Leasing (EUL) transactions for which the Office of Asset Enterprise Management (OAEM) is responsible.

He also obtains and analyzes third party environmental and appraisal reports for the OAEM.

Mr. McGuire’s work for HUD’s multifamily Asset Sales Program entails cash flow projections and portfolio analysis. He also provides extensive due diligence and the analysis of assets underlying loan portfolios. Modeling assignments include the verification of market valuation models and analyses of HUD bid models used to determine sale bid results.

Mr. McGuire graduated from Georgetown University, receiving a BA in Psychology. Mr. McGuire then earned an MBA in Marketing at St. John’s University. While obtaining his degree, he was a Graduate Assistant in the Office of Business Affairs handling cash flow related assignments.
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Catherine Jones, Associate

Ms. Jones is responsible for providing analytical, quantitative, and financial modeling services to governmental clients as well as handling the administrative aspects of the firm’s operations.  She manages information and reports in connection with firm receivables and payables and maintains communications with clients and vendors.  She oversees the organization of firm financial information for tax, accounting, and audit purposes.

Prior to joining the firm, Ms. Jones was an Account Manager at JPMorgan Chase Hedge Fund Services.  She assisted in establishing and fine-tuning standard operating procedures for the Transfer Agency group.  Ms. Jones utilized time-management skills to effectively multi-task between evaluating and organizing investor and client information for several hedge funds.

Ms. Jones graduated from the University At Albany where she received her B.A. in Sociology.
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