Prior to joining BRG Capital Advisors, LLC, Mr. Shaughnessy previously served as a Managing Director at Garrison Investment Group and other positions within Lehman Brothers, CIT Small Business Lending, and various New Jersey banks. With over 25 years of experience, he most recently spent seven years investing over $1 billion buying commercial loans from national, regional, and community bank and finance companies. Mr. Shaughnessy’s responsibilities also included asset and portfolio management of defaulted and distressed principal positions. He has experience in underwriting, servicing, collecting, workout and restructuring, liquidating, diligence, and portfolio sales. Mr. Shaughnessy was management and credit trained at First Fidelity Bank and spent the initial part of his career in loan workout and originating real estate loans prior to heading up the Loan Workout and Restructuring Group at CIT-SBLC.
Through his tenure, he purchased and managed over 60 portfolios/2,000 loans/$2 billion commercial loans, sold positions and resolved over $400 million of equipment lease positions, $100 million of franchise finance paper, and $200 million of other assets. His career includes working with banks, finance companies, servicers, investment banks, and bank investors and advisory groups on all product types, including real estate (commercial mortgages) and non-real estate assets (C&I, equipment finance, structured finance, asset-based lending, and SBA financing). Mr. Shaughnessy has a B.S. from Rutgers College and Rutgers University’s School of Business while participating on the Rutgers football team. He also holds an MBA from Monmouth College. He is FINRA Registered under Series 24, 62, 79, and 63.