Kara Paik

Current

• Owner at instant NEW YORKER

Past

• Senior Mortgage Banker and Broker at Mortgage IT (Deutsche Bank, AG)
• Equity Derivatives Marketer and Salesperson at BNP Paribas
• Associate at McKinsey & Co.

• Summer Associate, Mergers and Acquisitions at Credit Suisse First Boston
• Legal Intern at Asian American Legal Defense and Education Fund (AALDEF)

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2 more...

Education

• Ivy Real Estate Education
• Landmark Education
• Yale Law School

• The George Washington University
• Yonsei University
• Mt. Carmel High School
• Interlochen Arts Academy
• University of Rochester

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5 more...

Recommended

16 people have recommended Kara

Connections

278 connections

Industry

Real Estate

Websites

• My Website
• Call me for free now:

Kara Paik’s Summary

Managing the Business of Real Estate

New York City-based Real Estate and Property Management Firm. Represent building owners, private equity groups, developers, and investors to sell, purchase, develop, lease, fund, and manage properties. Properties include residential units, buildings, hotels, and boutique hotel properties, globally. Serious co-ownership, co-sponsorship, and affiliation opportunities in related and iNYer brand-consistent projects will be accepted and reviewed via email at info@instantNEWYORKER.com.

Kara Paik’s Specialties:

Market Assessment
Property Selection
Bidder Identification
Pricing Methodologies
Financial Modeling
Risk Assessment
Due Diligence
Fund Raising
Roadshows
Negotiation
Auctions
Deal Closing
Client Service
Property Management
Renovation & Construction
Interior Design & Staging
Investment Sales & Purchases
Luxury Sales & Purchases
Corporate Rental Sales & Purchases
Real Estate Finance & Mortgages
Cooperative Loans, Finance & Packages
Land, Office & Commercial Leasing

Kara Paik’s Experience

• Owner

  instant NEW YORKER

  (Privately Held; 1-10 employees; Commercial Real Estate industry)

  November 2003 — Present (4 years 7 months)

  I create passive-income, lifestyle-branded, real estate- and tribe-based business models, then implement them.
  
  I source properties / development sites for residential, commercial, hotel, nightclub, restaurant projects in NYC, US, and globally.
  
  I assess, analyze, model, structure, price, project manage, fund, raise equity & debt financing from co-owners, seat the best bidders for the deal at the table, and conduct auctions in closing selected deals.
  
  I increase rent rolls by 25%+ on existing residential income properties for owners in my portfolio of clients.
  
  I reduce portfolio and operational risks by enhancing tenant and owner credit profiles of units and buildings through targeted branding, marketing, tenant and buyer selection, loan and contract terms, qualification, underwriting, and property management.
  
  I structure real estate business portfolios to maximize rental income and depreciation. I help optimize tax benefits for individual owners and owner groups.

• Senior Mortgage Banker and Broker

  Mortgage IT (Deutsche Bank, AG)

  (Public Company; 10,001 or more employees; Banking industry)

  February 2003 — November 2004 (1 year 10 months)

  Prime, Subprime Mortgage Officer licensed in all 50 US States. Responsible for prospecting, originating, processing, and closing purchase, refinance, and cash-out refinance loans in both title and attorney States. Properties mortgaged include cooperative apartments, SFR, MFR, mixed use, town home, hi-rise, condominium, and condo-hotel units. Fixed buyers' credit legally through the credit bureau dispute process (TransUnion, Equifax, and Experian) to enable transactions to move forward and improve interest rates and terms obtained for borrowers. Reviewed developer / management company documentation on owner occupied, 2nd home / pied-a-terre, and investor ownership levels in US projects to obtain bank approval on residential buildings for mortgage processing. Specialized in structured loans for wealthy clients on primary and second home transactions, real estate investors and developers on commercial transactions, and clients on the verge of bankruptcy refinancing out of foreclosure.

• Equity Derivatives Marketer and Salesperson

  BNP Paribas

  (Public Company; 10,001 or more employees; Banking industry)

  February 2002 — January 2003 (1 year)

  Structured Equity Derivatives Sales and Trading Desk. Responsible for pricing and executing options, hedges and hedging strategies, highly structured products such as 100% principal-protected notes and exotic payoff, basket and indexed options. Clients included hedge funds, pension funds, foreign institutional investors, and wealthy individuals.

• Associate

  McKinsey & Co.

  (Privately Held; 501-1000 employees; Management Consulting industry)

  November 1998 — September 2001 (2 years 11 months)

  Strategy and operations consultant / engagement manager for clients from Fortune 1000 to start-up (30+ employees). Clients served include luxury retail, children's educational publishing, consumer electronics, hi-tech, telecommunications, P&C / life insurance, business banking, financial advisory, private wealth, Internet e-commerce, online security, CRM, electronic payments, and SFA technologies. Client work included bricks-and-mortar, service businesses, online and digital business models. Engagements in the United States, Canada, and Republic of Korea. NYO home office.
  
  Consulting Team Leader and East Division Manager, Advanced Professional Degree Recruiting (Associates from global JD-equivalent, Ph.D., Medical, etc. programs) for the US Offices, 2000. US Business School (MBA) recruiting for the US Offices, 2000 - 2001. Assisted in developing new APD recruiting programs with other team members, McKinsey recruiting executives, and Firm office leaders, 1998 - 2000.

• Summer Associate, Mergers and Acquisitions

  Credit Suisse First Boston

  (Public Company; 10,001 or more employees; Banking industry)

  June 1997 — August 1997 (3 months)

  Collected and analyzed financial documents in order to model mergers and joint ventures for private as well as public deals via comparable transactions, PE ratios, DCF, and other valuation methods. Calculated sensitivities of models to changes in various assumptions. Developed and published pitchbooks and other marketing materials presented in team format to executive boards, executive committees, senior clients, fund managers, and other captains of finance and industry, on behalf of the bank and its clients.

• Legal Intern

  Asian American Legal Defense and Education Fund (AALDEF)

  (Non-Profit; 11-50 employees; Legal Services industry)

  June 1996 — July 1996 (2 months)

  Assisted AALDEF attorneys to appear in court, prepare for trial, and negotiate settlements on NYPD police brutality violations, actions and civil rights litigation. Performed depositions under supervision, researched legal and historical issues, and drafted legal memoranda and briefs for presentation to AALDEF and other pro bono attorneys, judges, and clients.

Kara Paik’s Education

• Ivy Real Estate Education

  Real Estate Agent, NY Real Estate Licensing Course, 2007 — 2007

  Classes Taken include Real Estate Leasing and Sales, Construction, Mortgage Financing, Federal State and City Anti-Discrimination Laws, Disclosure, Ethics, etc. Passed State License Exam.

  Activities and Societies:

  www.nyrealed.com. Night School. President, Glee Club.

• Landmark Education

  N/A, Existential Ontology, 2007 — 2007

  http://landmarkeducation.com/

  Activities and Societies:

  Landmark Forum.

• Yale Law School

  JD, Corporate, Tax, and Constitutional Law, 1995 — 1998

  Yale School of Management classes also taken include Financial Accounting and Analysis, Financial Modeling, etc.
  
  Yale Landlord Tenant Clinic, Legal Intern assisting tenants against banks, building owners, and their attorneys in foreclosure, holdover and eviction situations, 1997.

  Activities and Societies:

  Yale Journal on Regulation Co-Editor-in-Chief 1997-98, Submissions Director 1996-97, Editor 1996.
  
  PANA member, 1995 - 98.
  
  Student Funded Fellowships, Co-VP raising funds for individually defined non-profit work of the YLS graduating class of 1998, during 1995 - 96. Co-planned and co-hosted the winter formal ball event attended by the YLS Class of 1998, during Spring 1996.

• The George Washington University

  BA / BA, Economics and English, 1990 — 1995

  Worked full-time during college as a hostess, server, and promoter in the restaurant and nightclub industry for one of the largest, most profitable Washington DC restaurant groups ever created.

  Activities and Societies:

  Phi Beta Kappa. Microeconomics Economics Tutor.

• Yonsei University

  Certificate, Korean Language, Economics, and Culture, 1993 — 1993

  Summer abroad study program. Seoul, Republic of Korea.

  Activities and Societies:

  Co-Editor-in-Chief, Summer Yearbook 1993.

• Mt. Carmel High School

  HS, the usual AP classes, 1986 — 1990

• Interlochen Arts Academy

  N/A, Visual Art and Theory, 1987 — 1987

  Interlochen, near Traverse City, Michigan.

  Activities and Societies:

  Printmaking, Drawing, Pottery and Ceramics, Art History, Art Theory.

• University of Rochester

  NA, Classical Violin and Music Theory, 1979 — 1981

  Activities and Societies:

  Music studies undertaken as a child.

Additional Information

Kara Paik’s Websites:

• My Website
• Call me for free now:

Kara Paik’s Interests:

Snowboarding Fishing Photography Selling with Integrity Consulting Commercial Residential Real Estate Zoning Leasing Debt Equity Financing Structured Product Principal-protected Note Strategic Alliance JV M&A Venture Capital Private Equity Sales and Trading Investment Banking Brokerage Business Models Fine Art Dealing Architecture Interior Design Staging Travel Fashion Section 1031 Tax Abatement Casino Gaming Gambling Hospitality Lodging Boutique Hotel All-Season Resort Urban Planning Development Construction Contracting Landscaping Timeshare Fractional Condo-hotel Ownership Retail Food Beverage Restaurant Nightclub Operations Sales Marketing Effectiveness CRM Electronic Payment Technologies Multi-channel Online Direct Relationship Destination Event Marketing E-commerce Credit Debit Smart Cards ACH Revenue Enhancement Turnaround Luxury Culture Brand Management Psychology Recruiting Loyalty Teamwork Mentorship Genealogy Places I Have Lived Reunification of the Koreas Dealmaking etc.

Kara Paik’s Groups:

FreeARTs NYC Non-profit, volunteer.

Association of Asian American Yale Alumni. Nonprofit, volunteer for the Professional Development Committee, NY Leadership Team. Please contact me if you are interested in joining or leading a special interest group!

Yale Real Estate Network. Member.

Shuck Torts small group. YLS '98.

www.aen-nyc.com. Asian Entrepreneur Network.

www.RedEight.ORG. Asian Entrepreneur and Filmmaker's NYC interest group.

Think Outside The Box, Exclusivo Network.

Contacts & Cocktails, C Squared Group.

•    Luxury & Lifestyle Professionals member
•    Private Equity and Venture Capital Group member
•    Yale Law School Alumni member
•    UAE | Dubai member
•    TalentBar: HR and Recruiter Network member
•    Hedge Fund Group (HFG) member
•    Hedge Fund Network member
•    Private Equity Investment Group member
•    Federal Real Property Association (FRPA) member
•    Venture Capital member
•    Real Estate Investor.com member
•    Capital Markets & Financial Services Network member
•    Trading & Risk Management member
•    Real Estate Forum member
•    Entrepreneur Network member
•    New York Venture Community member
•    VENTURE CAPITAL USA member
•    Association of Yale Alumni member
•    jaxtr member

Kara Paik’s Honors:

Consistently a Top Producer in both retail and institutional environments, based on funds raised, headcount recruited, number of transactions originated, number and percentage of transactions closed, transaction speed / number of days in process, monthly gross revenues, monthly gross profits, average yield per transaction, client satisfaction, first-time, repeat and referral business.

Selected to be the first female manager to lead engagement teams in South Korea at two 001 or "first-time" McKinsey clients. One was a chaebol that the Seoul office of McKinsey had been looking to engage for at least 10 years. The other was a smaller corporate client focused on children and education.

Consistently selected by management leadership to recruit, hire, train, develop, mentor, and cultivate top producers, analysts, associates, clients, and owners.

BNI Chapter 34 "Union Squared" Monthly Awards for Number of Visitors, Referrals Given, and Referrals Received.

Phi Beta Kappa.

Kara Paik’s Contact Settings

Interested In:

• consulting offers
• new ventures
• job inquiries
• expertise requests
• business deals
• reference requests
• getting back in touch