Max C. Rosin 

Mr. Rosin has owned and operated Rosin & Associates since its founding in 1989. He has extensive experience in real estate, including appraisal, distressed properties and workouts, feasibility study development, portfolio acquisition, real estate tax certiorari issues, and expert witness services. 

In 1996, Mr. Rosin developed and ran a significant contract underwriting firm for CMBS origination and B-Piece due diligence support. Chants include Lehman Brothers, Eurohypo, UBS, Deutsche Bank, CSFB, Artesia Mortgage, Allied (CW Capital). Scope of underwriting services is nationwide. Annual transaction volumes have averaged ±150 loans each year since 1996.

Mr. Rosin's education includes a Master of Business Administration from the Yale School of Organization and Management (MBA), 1985. His undergraduate education was completed at the University of Witwatersrand, Johannesburg, South Africa where he earned a Bachelor of Science in Chemical Engineering, 1978.

Prior to founding R&A, Mr. Rosin worked as Staff Appraiser at Arthur Andersen & Co. and Research Engineer at McGill University.

He is a New York State Certified General R.E. Appraiser, Lic.# 46000008639, New Jersey Certified General R.E. Appraiser, Lic.# R2RG00161500, Connecticut State Certified General R.E. Appraiser, Lic.# RCG0001099 and Maryland State Certified General R.E. Appraiser, Lic.# 11418.

Marc Esrig 
Senior Officer

Marc Esrig was the founder and Principal of Vista Realty Partners, LLC (VRP). VRP was a boutique real estate development and consulting firm which developed a number of Core and Core plus retail properties in the New York Metro Area.

At VRP, Mr. Esrig was the lead partner in the acquisition, development, redevelopment, leasing, Financing, and management of a number of retail and commercial properties within the outer boroughs of NYC as well as the larger metro area. He developed a number of commercial properties in Brooklyn, including New York City's first 24 hour Starbucks. He also acquired a Five acre site at JFK International Airport, and obtained complicated New York City DEP approvals which allowed this landlocked site to be developed. Mr. Esrig also developed Chauncey Square, a well known retail center in Dobbs Ferry, NY. As part of development process, Mr. Esrig negotiated leases with numerous national tenants and NYC brokerage houses including tenants such as Bed Bath Be Beyond, Linens N' Things, New York Sports Clubs, Raymour & Flannigan, CVS, Smoothie King, Staples, Starbucks, and others. Mr. Esrig also managed two projects through New York City's Uniform Land Use Review Procedure ("ULURP”). Mr. Esrig was selected to acquire real estate properties from the City of New York through the Economic Development Corporation including an urban retail development assemblage. Prior to founding VRP, Mr. Esrig was a Vice President with Greenthal/Harlan Realty Services responsible for the disposition of a $100 million portfolio of distressed residential loans on behalf of the RTC. Responsibilities included asset management, individual and bulk loan sales, and open-outcry auctions. Additionally, Mr. Esrig developed ground-up retail and industrial properties in the New York Metro Area. Prior activities include loan and RED work-out responsibility at The Dime Savings Bank of New York. Mr. Esrig has a Master of Business administration, with a concentration in Finance, from Pace University Lubin Graduate School of Business and a Bachelor of Science in Biology from Tulane University.

Michael Weinberg, MAI
Senior Appraiser

Mr. Weinberg specializes in commercial, industrial, residential and special purpose valuations in the New York Metropolitan Region and Cape Cod, MA. He has worked in the appraisal industry for almost forty years and has served as the senior appraiser for the IRS for 14 years. He earned his MAI designation from the Appraisal Institute and is a NY State Certified General RE Appraiser (Lic# 46000001146). Mr. Weinberg holds a Bachelor’s degree from Brandeis University.

Richard DePetris
Senior Supervisory Underwriter

Mr. DePetris has been associated with R &A since 1999. During this time he has managed the commercial mortgage underwriting department and was responsible for performing appraisals, and the review of all underwriting and due diligence projects. He has also performed numerous appraisals in the New York Metropolitan area. After completing his first stint at Rosin Associates, Mr. DePetris worked at UBS and Morgan Stanley as a Senior Underwriter. At UBS, Mr. DePetris faciliated all aspects of commercial real estate transactions, including sizing and quoting potential deals, preparing loan appications, negotiating deal terms, managing the deal process, and, ultimately, closing the transaction.  At Morgan Stanley, Mr. DePetris prepared loan sizings and transaction summaries for potential large loans utilizing Rating Agency criteria to determine investment grade proceeds and subordinate debt levels based on various other investor criteria.

Mr. DePetris has also served as Principal at RED Real Estate Consulting, where he implemented client formulated underwriting guidelines and procedures for new origination Bridge and CMBS loans for clientele including  Bancorp, Credit Suisse, Hunt Mortgage, JP Morgan, Ladder Capital and Prime Finance. 

Mr. DePetris holds a Bachelors Degree in Finance from Lehigh University.

Clive Brown
Senior Underwriter

Since joining R&A in 2017, Mr. Brown has been responsible for commercial mortgage underwriting and due diligence projects. Prior to joining the firm, Mr. Brown was Director of the Debt Originations Group at Annaly Capital Management – Commercial Real Estate Group.  At Annaly, Mr. Brown participated in the origination and execution of $1.5B of whole loans through direct sponsor relationships and broker contacts.  He reviewed over $5B in loan packages from broker and sponsor relationships and was actively involved in all aspects of the financing efforts including legal (term sheet, loan docs), underwriting (3rd party reports, credit memo), closing (settlement statements, estoppels) and the loan syndication (Senior mortgage / repo financings).  

Prior to Annaly, Mr. Brown was Senior Underwriting Leader / Underwriting Leader / Senior Underwriter of the Global Valuation Team at GE Capital Real Estate.  At GE, Mr. Brown led execution efforts on large commercial portfolio transactions across all product types totaling over $10B. Mr. Brown teamed with the originations group on deal screen and structure, assembled the underwriting team, set the transaction timeline, bid and approved of 3rd party scope and reports, managed asset review process and created approval documents. He underwrote and valued more than $20B of commercial real estate assets as part of debt, equity, and note-purchase transactions throughout North America, Europe and Asia for multiple debt and equity transactions.

Brittany Mitchel
Associate/CMBS Underwriter

Ms. Mitchel has been at Rosin & Associates since 2013 and is responsible for underwriting CMBS and bridge loans for a variety of clients, including Ladder Capital, Credit Suisse and Rialto Capital. Since joining R&A, Ms. Mitchel has underwritten loans in excess of $1.0Bn, as well as appraised approximately $2.0Bn in commercial real estate. Most notably, Ms. Mitchel appraised ground-up affordable housing with LIHTC, office buildings, shopping centers and adaptive reuse developments.

Prior to joining the firm, Ms. Mitchel interned at L+M Development Partners, Inc., a full-service real estate firm that handles construction, development, and management of mixed-use and mixed-income housing throughout New York City. As an intern at L+M Development Partners, Inc., Ms. Mitchel had the responsibilities of developing budget and valuation models for various properties being considered for acquisition. Additionally, Ms. Mitchel gathered market data for real estate in local areas to aid in the valuation process. There, Ms. Mitchel assisted its property management affiliate company, C+C Affordable Management, in strengthening its portfolio by 3,000 units.

Ms. Mitchel holds a Bachelor of Business Administration degree with a major concentration in Finance and a minor concentration in Real Estate from Goizueta Business School at Emory University.

Alex Carlacci
Senior Analyst

Mr. Carlacci has been at Rosin & Associates since 2016 and is responsible for commercial appraisals for institutional lenders, private clients and government agencies. He has appraised industrial buildings, vacant development sites, multifamily, retail and commercial condominiums.

Prior to joining the firm, Mr. Carlacci interned at Pacific Ergonomics, a company that provides ergonomic consulting for office, industrial, and laboratory environments throughout Southern California. At Pacific Ergonomics, Mr. Carlacci had the responsibility of being the warehouse manager, which included handling all incoming and outgoing deliveries, scheduling installations, and supervising a team of 4 staff members. 

Mr. Carlacci holds a Bachelor of Arts in Economics from Wesleyan University.

Louis Rosin
Financial Analyst

Mr. Rosin joined R&A in 2018 and provides commercial real estate valuation consulting, underwriting, and due diligence services for both institutional and retail clients.  His work includes appraisal, commercial loan underwriting, and new business development.  He utilizes Microsoft Excel and ARGUS Software to build, prepare, and update complex financial models detailing operational, valuation, and structural considerations. Additionally, Mr. Rosin implements pipeline management software to guide the full cycle of targeting and acquiring new business.

Previously, Mr. Rosin has worked as a Digital Marketing Consultant at HomeAdvisor. He graduated from Johns Hopkins University in 2017 with a Bachelor of Arts in International Studies.  Mr. Rosin is a licensed New York State Real Estate Salesperson.

Anthony (A.J.) Racanelli
Financial Analyst

Prior to joining R&A, Mr. Racanelli was a business management consultant for TIAA's Individual Advisory Services group in Boston, MA.  At TIAA, he managed different strategic work streams with the end goal of making TIAA’s Wealth Management Advisors more efficient in day-to-day operations. Mr. Racanelli is a licensed real estate salesperson in the State of New York.

Mr. Racanelli holds a Bachelor of Science in Business Management from Boston College, Carroll School of Management.

Noah Hollin
Financial Analyst

Mr. Hollin formerly interned for the McDevitt Company, a full-service global commercial real estate service provider specializing in site selection for retailers, namely Urban Outfitters and their subsidiaries (i.e. Free People, Paper Source, and Anthropology). While working in McDevitt’s New York office, Noah gained experience “canvassing” or mapping neighborhoods throughout Brooklyn and Manhattan in addition to assessing the viability of retail spaces in locations across the country for prospective tenants. While working at McDevitt Company, Noah evaluated and advised a major redevelopment initiative which sought to convert South Street, a premier retail corridor in Philadelphia, into mixed use facilities.

Noah earned a Bachelor of Arts from the University of Pennsylvania where he majored in Urban Studies with a concentration in urban economic and real estate development.

Alexandra Calinoff

Prior to joining the firm, Ms. Calinoff spent a year at Red Capital Group underwriting multifamily commercial real estate loans covering the Midwestern and Eastern United States.  Prior to her time at Red, Ms. Calinoff spent a cumulative 7 years at Barclays Capital in different capacities.  Her roles included the Los Angeles-based role of originating and underwriting  commercial real estate loans in the Western United States, the New York-based role of analyzing and monitoring a portfolio of distressed asset-backed backed securities (including CLOs, CMBS and RMBS), as well as the Singapore-based role of analyzing and monitoring Emerging Market credit products.  Ms. Calinoff also spent a year as a commercial loan underwriter at Hypo Real Estate Bank International. 

Ms. Calinoff holds a Masters in Real Estate Finance from New York University’s Schack Institute of Real Estate.  She also holds a Bachelor of Arts from Washington University in Saint Louis.

Marco Fulgoni
Financial Analyst

Prior to joining R&A, Mr. Fulgoni worked with Project for Public Spaces (PPS), a public space revitalization consultancy based in New York City. At PPS, Mr. Fulgoni worked with the communications and business development departments to further the reach and scope of the organization. Understanding and relating project experiences to the greater public required a deep knowledge of the various aspects of all parts of the consultation process, including project finance, design and community-building. This experience necessitated a working knowledge of real estate development approaches and practices.

In 2013 Mr. Fulgoni worked for the Malaysian and US Governments as a Fulbright Scholar. Along with receiving a joint Anthropology and Spanish degree from Grinnell College.

Ashley Sandler
Development Analyst
Prior to joining the firm, Mr. Sandler was employed by Maple Inc., an Online Digital Marketing and Media Solutions firm that handles among other things Real Estate Marketing and sales. At Maple Inc. Mr. Sandler was responsible for research and development for lead generation within the real estate sector, negotiating with classified and international customers, providing service to specific inquiries and resolving client queries. Mr. Sandler has also served for three years (2007-2010) in Israel’s defense force as a combat and special operations fighter in the elite unit of the paratroopers. 

Mr. Sandler holds a Bachelor of Government, Diplomacy, and Strategy degree with a dual major in Business Administration and International Relations from the Interdisciplinary Center – Herzliya, Israel.

John Mingle, MAI
Senior Appraiser

Mr. Mingle’s specialization is in CMBS underwriting and commercial real estate valuation. Previous positions include working as a Senior Underwriter for the Large Loan Group of Lehman Brothers, a Senior Appraiser for National Westminster Bank and Manufacturer’s Hanover Bank, as well as operating a fee valuation firm.

He has earned his MAI designation from the Appraisal Institute and holds an MBA from the University of Rhode Island. He is a New York State Certified General R.E. Appraiser, Lic. #46-2139.