David Goldwasser, FIA Capital Partners, LLC

Name: David Goldwasser

Title: Principal

Company Name: FIA Capital Partners, LLC

What aspects of working from home did you enjoy most?
I have worked from home on and off for many years. What was different this time, is that my family was home with me. It was very tough. Many times I had to go to my car to have a conversation. But it gave me time away from traveling. For the past 18 years I have been on an average of 80-100 flights a year. Working from home gave me access to my family. We had family dinners every night and a connection that can never be replaced. I have grown to appreciate my family more working at home and see the beauty for what it is. I now also work at different hours and accomplish more when things are quiet as opposed to people walking in and phones ringing. Setting up a full office in the house has allowed me to better focus on my business and my clients.

What was the most challenging part of working during the pandemic?
The most challenging part of work was that people had true fear. This impacted decisions and the way people thought and acted. The fear was worse than the sickness. Thank G-d, we have gotten past most of the fear and are learning to live and work with caution and respect for others. In my business I am always dealing with the paralysis of fear, albeit financial fears, but nonetheless, fear paralyzes. It takes solid beliefs and understanding that as people we can unite and beat anything. When people coordinate and don’t panic, amazing things can happen.

What was your most notable project, deal, or transaction in 2020?
One of our assignments was for an investor group in a deal gone bad. A nursing home operator syndicated a deal and took the investors’ money and left the deal for dead. FIACP was brought in to stabilize the distressed asset. Through our relationships with the lenders and people in the industry, we saw what went wrong and corrected the issues. We marketed the asset and went to contract and closed in April during COVID in record time. Through the sale we recovered monies for the investors and closed the loop. We do this all the time, but due to COVID, this was very tough. The nursing home facility is doing well and the residents are all happy and safe.