Richard Hollowell, BA
Founder and Managing Shareholder Newport Beach, CA
Richard Hollowell is the Managing Shareholder of Kealoha Corp., a closely held financial advisory firm headquartered in Newport Beach, California. In 2020, Richard starts his 50th year in the real estate, banking, restructuring and bankruptcy industries, after spending 44 years as a senior official of large banks, public accounting firms, real estate development companies, international restructuring firms, and real estate asset management companies.
His real estate consulting clients have included real estate hedge funds, pension funds, portfolio property owners, developers, banks, insurance companies, and government agencies including the Resolution Trust Corporation (RTC) and Federal Deposit Insurance (FDIC). He assists in developing complex strategies to maximize the value of troubled real estate projects, often leading to successful loan restructures. In certain matters he arranges for replacement debt and equity to facilitate a transaction. He has extensive experience in residential development, condominiums, commercial property leasing and management, special assets management, CMBS workouts, loan underwriting, real estate partnerships, ground leasing, public/private developments, receiverships, and the sale of both REO and defaulted loans.
He is also considered among America’s most prominent real estate, banking, and bankruptcy testifying experts having served a variety of regional and national law firms in some of the nations largest litigation matters involving professional liability, failed banks, lender liability, CMBS loan servicing, real estate loan underwriting, troubled planned unit developments, flawed due diligence practices, and insolvency. He has also testified in a variety of single asset real estate cases involving troubled properties, lender disputes, partnership disputes, and bankruptcy. His experience extends to asset classes including condominiums, multifamily, office, retail, industrial, student housing, senior housing, residential home developments, timeshare, and mixed-use properties.
In 1998 he was part of a 25-person delegation of real estate and banking professionals who accompanied FDIC Chairman William Seidman to Japan, to counsel Japanese banking officials on the management of troubled commercial banks. On August 12, 2008, he was among six real estate professionals summoned to speak before 20 of Federal Reserve Chairman Ben Bernanke’s key officials regarding the affects the systemic crash of the U.S. financial markets, and real estate in general, would have on U.S. based commercial banks. During that meeting, Richard was designated the “RTC Historian,” responsible for explaining how assets managed by the RTC from 1,037 failed Savings & Loan Associations were resolved with the assistance of private sector professionals.
He is a widely published author and internationally recognized speaker, while his real estate consulting, restructuring, and expert testimony platforms are national.