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Commercial Real Estate Underwriting and Consulting


Philip Gonsalves
Philip Gonsalves
Founder and Managing Partner

Philip Gonsalves is the founder and Managing Partner of Exceder Real Estate Advisors, LLC, an independent third-party commercial real estate underwriting, due diligence and consulting firm. Phil has over 30 years of commercial real estate underwriting, analysis and valuation experience.

Over the course of his career, Phil has managed hundreds of engagements for various clients including projects for investment banks, commercial banks, private equity real estate funds and various other commercial real estate debt investors.

He has provided loan valuation, strategic analysis and consulting services to portfolio lenders and CMBS investors, as well as directly underwriting numerous loans for the CMBS market.

Phil has extensive experience analyzing all types of commercial real estate and debt including mezzanine loans and highly structured, multi-tranche transactions.

Prior to founding Exceder, Phil was with McCary Stevens Associates, Inc. for over 10 years as a Senior Project Manager and Principal providing loan underwriting, due diligence and commercial real estate consulting services. Prior to McCary Stevens, he worked on CMBS loan origination and underwriting for QuestCap and Paine Webber.

Phil also has commercial banking experience with CenterBank as a Vice President in the Credit Administration Department and with RECOLL Management/Fleet Financial Group as Vice President and Manager of the appraisal and valuation department in Hartford, CT. RECOLL was responsible for working out loans for the FDIC related to failure of Bank of New England. Phil’s commercial real estate career started with a regional commercial appraisal firm in 1985.

Phil is a graduate of Boston College with a Bachelor of Arts degree in History.

Contact Phil at:
(860) 875-8383