About Us

 

Alterna Capital Management is a leading real estate investment management company specializing in the acquisition and management of municipal tax lien certificates and commercial real estate debt. The company is the manager of the Alterna Tax Certificate Fund and the Alterna Mortgage Income Fund.

Management

Albert Friedman
Principal

Mr. Friedman is a manager of the General Partner, a Principal of Alterna Tax Certificate Fund I and President of the Alterna Mortgage Income Fund, a Commercial Real Estate Debt Fund.  Prior to joining the General Partner, Mr. Friedman was the Director of Mortgage Asset Management for a diversified real estate lending, asset management and development group where he specialized in commercial mortgage lending and mortgage asset management.  Mr. Friedman helped build the mortgage asset management business from approximately $60 million to a portfolio of over $200 million in real estate-backed loans.  Mr. Friedman also held previous engagements as President of a retail company; President of an AMEX listed company that he took public in 2000; Chief Operating Officer of an AMEX listed internet company that he helped take public; President of an investment banking firm; and Executive Vice President and Chief Financial Officer of a NYSE listed retail company with over $200 million in sales.

Robert Konrad
Principal

Mr. Konrad is a manager of the General Partner, a Principal of Alterna Tax Certificate Fund I and the President & CEO of Alterna Financial Corp., a financial services company based in Florida.  Alterna Financial is the parent company to Alterna Wealth Management, Alterna Capital Management and KT Capital Partners.  Mr. Konrad is also a Director of Financial Management Systems, a Chicago based debt collections/data efficiency company working with the US Department of Education. He holds a B.A. in Consumer Studies - Business from Syracuse University, and began his career in the financial services industry during his career in the NFL.  Mr. Konrad served as a gubernatorial appointee to the Florida State Board of Administration - Investment Advisory Council.  The State Board of Administration, a constitutional entity of Florida state government, manages 30 investment funds, comprising over $184 billion in assets under management.  The Florida Retirement System (FRS) Pension Plan is the fourth largest public retirement plan in the U.S. and comprises roughly three-quarters of total assets under SBA management.  The Investment Council (“IAC”) provides independent oversight of SBA's funds and major investments responsibilities, ranging from the Florida Retirement System programs to the Lawton Chiles Endowment Fund.  Mr. Konrad served as the Chairman of the IAC.

Advisory Council

Bruce MacFarlane

 

Mr. MacFarlane is Chairman of Meridian Development Partners, a real estate development company, and has more than 25 years of experience in the financial services industry. He is President and a Founder of GPO Capital Corporation, a diversified alternative investment management company. Mr. MacFarlane was a founding member of Aquiline Capital Partners and Venturion Capital, both private equity investment firms specializing in the financial services industry. Previously, he served as a mergers and acquisitions specialist and a Senior Advisor with Smith Barney. Prior to Smith Barney, he was the Director of Financial Institutions and a Senior Advisor to the President of the United States for the Cabinet-level RTC Oversight Board, which set the strategy, policy, and regulatory framework for the $100+ billion savings & loan clean-up. Mr. MacFarlane was also a Senior Manager at both Andersen Consulting and Oliver, Wyman & Company - both financial services management consulting firms.  Mr. MacFarlane currently serves as Chairman of Financial Management Systems and on the Advisory Board at Aquiline Capital Partners. He earned his BA with Honors in Chemistry from Harvard College and his MBA from Harvard Business School.

Jeff Roschman

 

Mr. Roschman is the Founder and Chairman of Landmark Bank, NA., a federally chartered bank located in Fort Lauderdale, Florida.  He is also the President of CT Capital, a private mortgage lender.  Mr. Roschman has developed over 100 commercial properties and currently has an interest in more than 150 commercial properties.  He holds a Bachelors Degree in Business Administration from the University of Florida and serves on the boards of The Christian Community Foundation of South Florida and Fort Lauderdale Children's Theatre.

Steven Bettinger

 

Mr. Bettinger is the Founding General Partner of Logan Asset Backed Fund, L.P. Logan Asset Backed Fund is a Hard Money, Asset Backed Hedge Fund specializing in short term financing. He was the Co-Founder of Ascendia Brands, a global consumer products company with over $240m in annual revenue. He was the Co-Founder of Cenuco, a cellular technology development company which specialized in security and data application services listed on the American Stock Exchange. He was the Founder of Tax Returns USA, a tax preparation company which facilitated online tax preparation. The company was sold in 2000.  Steven holds a Bachelors of Science Degree in Business Administration.

Alexander S. Rosemurgy

 

Mr. Rosemurgy is President of both Rosemurgy Properties and Rosemurgy Development Companies, which focus on commercial real estate investments and developments.  He was President and Co-founder of Affinity Financial Group, which focused on short-term receivable financing for small to mid-size businesses.  He currently serves on the City of Boca Raton’s Affordable Housing Committee and is a Member of the Palm Beach County’s Chapter of the Young Presidents Organization.  Mr. Rosemurgy sits on the Board of Directors for the Toussaint L’Ouverture High School for Arts and Social Justice, which serves predominantly Haitian immigrant students.  In 1996, Mr. Rosemurgy served a short time in the White House under the Clinton Administration in an accounting capacity.  Mr. Rosemurgy has a BS in Finance from Florida State University.

J. Richard Damron, Jr.

 

J. Richard Damron, Jr.was the President, Chief Executive Officer and a Board member of Home Diagnostic Inc. (Nipro Diagnostic) from February 2001 to March 2009.  He led the operational and financial reengineering of this manufacturer and marketer of diabetic testing systems, took the company through a successful IPO in 2006 and was named by Forbes magazine as one of the 200 Best Small Companies in 2008.   Mr. Damron has been employed in the medical products industry since 1980, in both operational and financial roles. Prior to joining Home Diagnostic, Mr. Damron was Senior Vice President and Chief Financial Officer of Apollo Eye Group, Inc. He previously served as Senior Vice President, Mergers and Acquisitions and Chief Financial Officer of Chiron Vision Corp, was a partner in the investment firm of Tullis Cook & Co., and was the Executive Vice President of Operations at Cooper Vision Cilco. Mr. Damron holds a Bachelor of Business Administration in Accounting from Marshall University and is a CPA.