Mr. Troy Cornick is Director at Certus Financial, having joined the firm in 2015. His primary functions include providing corporate planning, management consulting, restructuring, transaction advisory and interim management services for businesses in a variety of industries. He has worked extensively with trustees, receivers, and creditor groups on distressed assets including the assessment of current operations, developing turnaround/exit strategies, and actively implementing said strategies. Transactions include operational turnarounds, implementation of value-add capital improvement campaigns, and shutdown and sale for adaptive reuse, all with the focus of maximizing the return for the client.
Troy has over 15 years of national experience including mortgage lending, acquisitions, asset management, and debt advisory. He has been involved in over $1 billion of transactions involving office, industrial, multi-family, retail, parking garages, self-storage facilities, manufactured housing communities, senior care facilities, and renewable energy.
Prior to Certus Financial, Mr. Cornick was at Meridian Realty Investments, a real estate investment company with a portfolio of over $500 million of Class A office and apartments. At Meridian, he was responsible for the acquisition and asset management of institutional commercial real estate. Acquisition duties included sourcing and underwriting investment opportunities, preparing private placement memorandums, and overseeing the acquisition due diligence process. Asset management duties include preparing quarterly asset management reports for investors, approving and overseeing manager’s monthly operating and cash flow reports, approving office lease proposals, and advising on refinance/disposition strategies. Notable achievements include acquiring a 4-property portfolio of Class A apartments totaling $115.4 million acquisition price and orchestrating a tax appeal resulting in a $200,000 reduction of property taxes for investors.
In addition, Mr. Cornick spent 9 years originating commercial mortgage loans AEGON USA Realty Advisors, Inc. While at AEGON, he was involved in originating over $900 million of commercial loans in the Midwest and Southwest regions including fixed and floating rate debt, construction and permanent financing, and participation loans. Notable achievements include individually funding over $250 million of loans and working on an AEGON led $240 million multi-property participation loan funded by 4 life company lenders.
Mr. Cornick is a graduate of University of Northern Iowa where he earned a Bachelor of Arts degree in Finance. He currently resides in Maple Grove, MN with his wife Jocelyn and his two sons. He serves as a Board Member of the Maple Grove Community Organization for the last six years and enjoys camping, fishing, swimming, biking, and traveling with his family.