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About Me

Balance Development Group

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I am a very creative and passionate individual, who has focused his career ambitions in the real estate development sector. My background and career path advances have transformed me into a unique hybrid within the industry.

I am capable of wearing hats as an acquisition analyst, banker, developer, asset manager, and operational manager. While at the same time I can switch into the hat of a construction project manager. As of May 2020, I completed a Master’s in Real Estate Development from NYU. This program further advanced my knowledge of architecture, engineering, underwriting, real estate law, construction, and market analysis. 

I have been privileged to oversee and manage Industrial, multi-family, and residential ground-up projects in service levels spanning from financial feasibility analysis, schedule oversight, entitlement, acquisitions, and construction management. My total financial project exposure is $55,000,000, accumulating to 300,000 Sq. Ft. 

Experience

2020
Balance Development Group
Balance Development Group

Real Estate Development Consultant (Apr 2020 – Current)

2019
DF3 Capital LLC

Development Project Manager (Feb 2019 – Apr 2020):

 

2017
New York University
NYU Logo

M.S. in Real Estate  Investment &  Development (Sep 2017 – May 2020)

2016
MR Capital Group
MR Capital Logo

VP of Business Development & Operations (Sep 2018‐ Feb 2019) | Assistant Manager of Compliance &  Operations (Sep 2016 ‐ Sep 2018):

 

2014
Ohr Somayach Tanenbaum College
Ohr Somayach

Completed a two‐year program in Jewish Law (Aug 2014 – July 2016)

2013
Ixonia Bank
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REO Asset Management‐ Associate (Sep 2013- Jul 2014):

 

Jerusalem Venture Partners
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Business Analyst Intern (Mar 2013 – May 2013)

2009
Wells Fargo
alex-balan-Wells Fargo financial advisor intern

Financial Advisor Intern: Financial  Advisor Training  Program (Nov 2009-Dec 2012)

2008
University Wisconsin Milwaukee
alex balan UW Milwaukee

B.B.A Finance (sep 2008 – May 2012)

Skills

I have experience with residential lending .

Land Acquisition
Development Management
ASSET MANAGEMENT
Underwriting
  Land Acquisitions
  • Analyze land for environmental conditions, utility service availability, geotechnical investigations, traffic impacts, roadway & utility improvements, mass grading, and significant construction site logistic issues.
  • Evaluate the survey, title, and purchase contracts to eliminate possible conflicts.
  • Produce a preliminary zoning analysis to determine building footprint & unit count.
  • Underwrite and produce a proforma budget to perceive the projects feasibility to meet a required return and purchase price. 
  • I have developed many broker and sub-contractor relationships that allow me to access on & off market opportunities. 
  • Strong ability to negotiate purchase agreements and construction contracts. 
  • Forged bank relationships for financing and robust knowledge of bank requirements from my past employment at MR Capital Group.

Licenses & Certificates

  • New York Real Estate
  • Loan Originator
  • BBA, Finance and International Studies
  • Masters in Talmudic Law
  • MS, Real Estate Development & Investment

Projects

B22 a 72‐unit luxury rental

B22 a 72‐unit luxury rental

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100,000 Sq. Ft Office Feasibility

100,000 Sq. Ft Office Feasibility

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In Progress

In Progress

168,000 SQ. FT Industrial Facility In Progress

168,000 SQ. FT Industrial Facility In Progress

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Contact

Balance Development Group

Alex@balancedevelopmentgroup.com

973-883-5447

Opening Hours

Flexible

Have a project or an idea in mind? Contact me to book a free consultation. Or simply drop a line for suggestions and opinions. I normally reply within 24 hours.