STANLEY V. CHESLOCK
Stan Cheslock is a founding partner of CBA. With more than 30 years of investment experience, Stan is widely known for his expertise in combining fundamental knowledge of real estate valuation with sophisticated use of the complex financial techniques required in the modern real estate marketplace.
During his career, Stan has created and managed mortgage-backed securities trading, sales and banking departments at major Wall Street firms including Greenwich Capital Markets, a primary Treasury dealer; USGI Capital Markets, the largest servicer of FHA project loans in the United States; First PennCo, a subsidiary of First Pennsylvania Bank; and Loeb Rhoads, a private merchant bank.
Stan is a member of the Board of Trustees of Franklin & Marshall College, from which he graduated in 1967. He is also a past Chairman of the mortgage backed securities division of the Public Securities Association, past President of the GNMA Dealers Association, a former Board Member of the National Housing and Rehabilitation Association and a Board member of the Federal Law Enforcement Foundation.
Paul Bakker was a founding partner of CBA and created CBA's core risk control systems as well as more than 500 proprietary transaction structuring and valuation models employed in the firm's disciplined investment service.
Paul has more than 15 years' experience in both real estate and corporate finance. During his career, Paul designed and implemented the sophisticated models needed to support structured finance and capital markets operations at First Boston and USGI Capital Markets. His work in transaction structuring, investment valuation and securities pricing were key factors responsible for the completion of over 60 transactions valued in excess of $4 billion. These systems have been further developed and now form the essential framework of CBA's investment process.
Paul has been a member of the American Economic
Association since 1980 and from 1991 to 1993 he served on the Board of
Directors of Bond Technologies. A 1980 graduate of Whitman College, Paul
completed coursework for a Ph.D. in Economics at New York University.
A Research Assistant and a Research Fellow at NYU, he taught Economics
at NYU and Yeshiva University in 1982 and 1983.
Robyn Stern is responsible for the firm's day to day operations and manages CBA's transaction execution, including analysis, due diligence and underwriting. She also serves as Asset Manager for the company's most recent fund, Cheslock Bakker Opportunity Fund II, L.P.
Prior to joining CBA, Robyn was an Executive Vice President at Arbor Realty Trust where she was head of Asset Management and responsible for asset value enhancement and disposition strategies for a $1.2 billion portfolio. Prior to Arbor, she was Regional Director - Structured Finance at Ernst & Young LLP, where she started a group that provided advisory services to securitization issuers, investors and mortgage REITs and managed a portfolio of more than 100 CDOs. She has also served as a Vice President and Regional Manager in the Commercial Real Estate Group at Chemical Bank, (now J.P. Morgan Chase), where she led a team that managed and worked out over $2 billion in troubled commercial mortgage loans. Robyn also held commercial real estate positions at Financial Security Assurance, Inc. and Shearson Lehman Brothers, Inc.
Robyn was a member of the Board of Governors of the Commercial Mortgage Securities Association from 2000 through 2006, where she founded and chaired the organization's Regulatory Committee for 5 years. Robyn also is a member of the Capital Markets and Asset Management Committees for the Mortgage Bankers Association and a member of the New York Women Executives In Real Estate.
Robyn received her Bachelors degree from Binghamton University, earned her Juris Doctorate from Emory University School of Law and her Masters of Law from New York University School of Law. She is licensed to practice law in New York and Connecticut.