Jerold Ipsen, CFE, MBA Principal Contact 818.468.2246 mailto: email@example.com
Jerry uses his expertise to advise on matters of fraud, due diligence and operational feasibility in commercial real estate acquisitions and lending. He is the author of Financial Due Diligence: Proven Methods to Detect and Prevent Fraud" which addresses fraud in commercial real estate transactions. Detailed in the book are financial ratios and mathematical models used to detect suspicious activity and seller misrepresentations.
Jerry has conducted due diligence visiting projects, examining client financials, business plans and the borrower's planned use of funds. He has traveled to several locations in Mexico, Costa Rica, Florida, Utah, Arizona and throughout Southern California. On one project in Mexico, Jerry looked at a beach resort with 200 planned homes and a Greg Norman designed golf course. During the examination it was discovered the resort needed remodeling and Jerry suggested the removal of an antiquated building and replacing it with an outdoor covered reception area with the idea of bringing in additional sources of revenue. The result was a substantial increase to the project's bottom line.
Traveling to Costa Rica to examine a cassava growing and freezing facility, Jerry discovered inefficiency in plant operations and payroll reporting. He provided operational advice such as dividing first stage operations into smaller units which not only increased production but greatly reduced the amount of time in payroll preparation from two hours daily to just minutes. Jerry's ideas impressed upper management and were implemented the following day.
At Timberlake Group, Jerry consulted to owner Tim Alexander providing studies on planned resort developments in Canada and Costa Rica. The Canadian project at Kelowna was a planned lakeside hotel and resort in which Jerry was responsible for developing a feasibility study, estimating hotel revenues in comparison to nearby hotels, operating costs and actual costs to construct a 250 slip, full-service marina. On a project in Phoenix, Arizona prior to making an offer, Jerry provided the developer with a financial overview of costs on the restoration of an older hotel in the downtown area. The decision; acquisition + project costs vs. future revenues - less operating expenses made the acquisition less than desirable.
Jerry consulted and prepared business plans on many projects totaling more than $800 million dollars. Included was a large twelve building residential / retail complex in Ulaanbaatar, the capital city of Mongolia and a twenty-eight story mixed use office building in Seoul, Korea.
At Washington Mutual, Jerry in a two and a half year period originated more than $94 million in commercial real estate loans on office, retail and industrial properties throughout southern California. His duties included the "sizing" of deals where he provided preliminary numbers and information to the underwriting department in order to secure "Letters of Intent" for his clients. Jerry continued to remain in the loop throughout the funding process.
With a passion to serve, Jerry has served on the board and finance committee for Health to Hope, a religious nonprofit in addition to his Rotary membership.
In 1998, Jerry obtained a masters degree with an emphasis in finance from Woodbury University and a bachelor of science in Business Administration from Oklahoma Wesleyan in 1984. He has received certification as a Certified Fraud Examiner and is a member of the Association of Certified Fraud Examiners (ACFE) and the Los Angeles chapter of Certified Fraud Examiners.
From 1996 to 1998 Jerry while maintaining a NASD series 7 spent two years with Planned Asset Management on portfolio development. Currently, Jerry holds a CTEC certificate for the preparation of taxes.
From 1991 to 1996 Jerry spent these years as a private investigator under the tutelage of Jerry Shaw. During this period, assignments included investigating spousal misconduct, performing background checks, locating missing persons, family members, assets, speaking to witnesses and taking statements.
From 1985 to 1988 Jerry was a Marine Corps Officer where his duties included serving as a Rifle Platoon Commander as well as planning in Regimental Operations.
Community service past and present involvement includes:
Providence St. Joseph Hospital Burbank Rotary Health to Hope - Board of Directors Fellowship of Christian Athletes: MLA/Volunteer