Rich Jagolta, Principal

Richard JagoltaRichard Jagolta earned a B.A. in Government from Georgetown University and a M.A. in International Relations and Finance from University of Chicago.  He is a former Harvard University faculty member, where he was a Fellow at the Russian Research Center.  Rich has been active in the resolution of problem loans since 1982, when as an originator and syndicator of large international loans and debt instruments for Irving Trust Company (Bank of New York) on Wall Street, he served on the U.S. National Committee negotiating the restructuring of defaulted Eastern European sovereign debt.  He led the successful turnaround of a wholesale wine importing and distributing company in the late 1980’s.  The onset of a wave of bank failures in New England led him to join FDIC in 1990, where he served for seven years as a Major Assets Account Officer charged with the resolution of the largest and most complex real  estate and operating company defaulted loans FDIC inherited from failed banks.  He also served on the FDIC team overseeing RECOLL  Management and other private sector contractors retained by FDIC to liquidate bank assets.   Upon his departure from FDIC in 1997, Rich moved to the other side of the debt table,  becoming  a consultant to borrowers seeking to negotiate amicable resolution of their debts, to institutional investors requiring assistance in asset valuation, due diligence, liquidation strategies, and structuring of bids for asset pools.  Since 2002 Rich has been a full time residential and commercial real estate broker with Keller Williams and Coldwell Banker, where he was one of the top five percent of brokers in the country.