David Shlecter joined the Capital Markets team in early 2016. As a Senior Analyst, he provides crucial underwriting and analysis to upper management. The Capital Market team supports all divisions at Watt in securing financing for a multitude of real estate projects. David has underwritten tens of thousands of multifamily units. His expertise ranges from value-add to ground-up development.
His integral role at Watt begins by sourcing potential deals, comprehensive underwriting, and sourcing financing options. By utilizing the resources borne by the Watt name, he is able to facilitate fortuitous ventures. Most recently, he refinanced the construction loan and preferred equity on a 220 unit multifamily development with a low-interest rate bridge loan. By facilitating effective communication between owners, property management and debt sources, the team was able to execute a timely recapitalization. Recently, David underwrote and worked on sourcing the construction loan and preferred equity totaling $60MM for a 304-unit luxury ground-up apartment project in the Southern Highlands area of Las Vegas.
David graduated with a Masters of Accounting from the Ross School of Business in 2012. As a CPA, he practiced in taxation, with heavy casework in family offices with significant holdings in real estate. The transition from accounting to finance honed his analytical skills in valuation, planning, and execution of real estate financing.