Carl Klimowicz is a Director at GlassRatner with over 30 years of experience in real estate receiverships, distressed asset management, and commercial real estate lending.
He focuses on business development for the Real Estate Services group and has extensive expertise in distressed debt restructuring, CMBS, loan workouts, receiverships, and lending. His background includes managing complex real estate portfolios, resolving distressed CRE assets, and directing cross functional teams in high value property transactions.
Before joining GlassRatner, Mr. Klimowicz held senior leadership roles across the real estate and financial sectors. His prior experience includes serving as Senior Regional Portfolio Manager for Friedman Real Estate, where he oversaw a portfolio of distressed CRE assets, and as Real Estate Director at Kinzie Real Estate Group, where he managed over 3 million square feet of CRE and multifamily properties. He also served as VP and Asset Manager at C-III Asset Management, where he resolved a $550 million portfolio of CMBS loans.
Mr. Klimowicz’s work spans commercial real estate lending, financing, and management across major property types nationwide. He has negotiated construction financing, loan syndications, loan modifications, discounted payoffs, restructurings, and note sales. His transaction experience includes values ranging from $2 million to $125 million with both revolving loans and reconstruction projects.
He is a Licensed Managing Real Estate Broker in Illinois and is active in professional and community organizations, including the Mortgage Bankers Association, the National Realtors Association, the Knights of Columbus, and The Elks Club.
- Receivership Management
- Problem Loan Restructuring
- Distressed CRE Management
- CRE Lending & Underwriting
- Property & Asset Management
- Loan Portfolio Management
- Client Relationship Building
- CRE Asset Stabilization
- Strategic Planning Execution
- Managing Real Estate Broker, IL
- Provided strategic direction to a team underwriting the $2B plus acquisition of a distressed, non rated tranche in CMBS issuances
- Negotiated with prime anchor tenant for lease rate reduction by designing and presenting a workout structure to the owner and subordinate lien holder, saving $13M in property value
- Prevented a $36.5M foreclosure by negotiating a $5M borrower equity contribution and a $2M loan reduction with a nominal interest rate reduction
- Oversaw and directed a cross functional team in effectively acquiring a 125K SF office building flip in 10 months, generating a 60 percent NOI
- Mortgage Bankers Association
- National Realtors Association
- Knights of Columbus
- The Elks Club