Public Finance Group: Biographies
Mark Pressman first joined Wulff, Hansen & Co. more than thirty years ago.
In 1988 he formed his own firm, Mark Pressman Associates,
after 12 years rejoined
Wulff, Hansen in 2000.
has over thirty-three years of experience in the investment
advisory business. With this experience comes a wide range of professional contacts
in the industry that he utilizes as resources in developing new, innovative and
efficient bond structuring techniques for issuer clients faced with challenging
He is familiar with and has structured transactions using ad valorum, tax increment, revenue, lease revenue, special and parcel tax and special assessment revenue sources to repay loans with general obligation, tax allocation, revenue, certificates of participation, community facilities district, special assessment, Marks-Roos and various combinations of the foregoing structures. He has a proven, demonstrable record of developing efficient financings for public agencies.
Experience includes working with school districts, cities, counties, redevelopment agencies, authorities, hospital, water, sanitary and fire districts and other special districts.
Mr. Pressman has lectured at both UCLA and USC on public finance and has spoken
on various areas of public finance at industry seminars. He is registered with
FINRA as a general securities representative, a general securities
municipal securities principal, and a financial and operations principal. He
as a member of the California Debt and Investment Advisory Commission panel that
develops policy and recommended practices for issuance of land secured financing
in the state. He is a member of numerous professional organizations affiliated
with the municipal securities industry. He received a B.S. in Economics in 1969
from the University of Oregon.
References are available on request.
Mr. Levine has more than 35 years experience as an investment professional,
with extensive experience in institutional sales, investment banking
and financial consulting.
Mr. Levine has focused much of his career working with issuers and developers
in the structuring and placement of California land-secured bonds. He
is also proficient in managing transactions utilizing ad valorem taxes,
lease revenue, parcel taxes, enterprise revenue, lease revenue, and special
tax revenue. He has particular expertise in tax allocation and tax increment
financing, both in initial issuance and in restructuring and refunding
existing outstanding obligations.
Mr. Levine’s combination of knowledge, experience,
and creativity has allowed him to build a solid track record in structuring
for complex or problematic situations which other firms have been unable
to resolve. Specific examples include the conversion of multiple Marks-Roos
debt obligations into more efficient and understandable structures, workouts
for issuers approaching covenant violation or other financial stress,
and the restoration of financial stability to troubled health care institutions
using a variety of tools, up to and including the bankruptcy process.
Mr. Levine has also provided structuring and advisory
services to both private water companies and municipal issuers. In that
context he has
been involved in the creation and private placement of various private
and public water company revenue debt obligations as well as various
asset backed securities.
Mr. Levine holds a B.A. in Political Science
from the University of California (Berkeley) and attended Boalt Hall
School of Law
Graduate School of Business both at the University of California.
ROY E. NELSON
Roy Nelson, formerly of Altura, Nelson & Co., has been responsible
for over $3 billion in municipal financings during his 26 year career.
He has extensive experience in the structuring and sale of certificates
of participation, assessment, and revenue bonds as well as various
types of short-term notes. His clients have included the State of
California, cities, counties, universities, 501(c)(3) nonprofit health
facilities, school districts, fire districts, port districts and
other special districts.
Mr. Nelson is recognized as a leader in
the financing of health care related projects. He was instrumental in
developing an innovative and
unique financing program for smaller nonprofit health facilities. His
pooled financing program has allowed smaller projects to be accomplished
through the issuance of tax-exempt bonds. By pooling several small
a significant reduction in costs is realized for such borrowers when
compared with stand-alone financings.
Mr. Nelson serves on an industry advisory group for the Cal-Mortgage
Loan Guarantee Program of the State of California. He received a Masters
of Public Administration degree from the University of Southern California
with a specialization in municipal finance. He has a B.A. in Political
Science from Pepperdine University.
Edmund Viray is a specialist in corporate and public infrastructure
finance, with a focus on water, sewer, and alternative
energy projects for both regulated private entities and public issuers.
extensive experience in analyzing and structuring debt within
regulatory framework, and has served the California Public Utilities
(CPUC) as a
financial analyst. Since leaving the CPUC, he has advised
and assisted investor-owned utilities in financing matters before
and is prepared to act as either consultant or investment
banker depending on the client’s need. Mr. Viray holds an
undergraduate degree in Accounting and an MBA in Finance, and taught
for nearly 20 years.