Our Team

The Manager and Its Affiliates

The Manager has three full-time employees who are responsible for the management and sale of Interests:

David K. Herzer

David Herzer is president of Herzer Financial Services, Inc., a private money lender and mortgage fund management company that originates and services private real estate acquisition and development loans, construction loans, bridge loans, consumer residential and commercial loans in northern California. Herzer has served as a licensed real estate broker for 29 years. He graduated with a Bachelor of Arts degree from the University of California at Berkeley.

Herzer is actively involved with California Mortgage Association (CMA), the trade association for private real estate lenders. He has served on its board of directors for eight years,  is chair of the CMA website committee and is a member of the nominating and finance committees. He has also served on educational panels for CMA and the California Association of Mortgage Professionals (CAMP).

In addition, Herzer is a member of the board of directors for the CK Foundation, former director of the Menlo Park Rotary Club and contributes to the Berkeley Food Project, Rebuilding Together, the Kentfield Schools Foundation and several other charities.

David lives in Marin with his wife and two children. He enjoys drumming, mountain biking, skiing and water skiing when he is not injured.

Jesse Alvarado

Jesse Alvarado has been employed by the Manager since 1980 and is currently the vice president. He earned his Real Estate Salesperson License in 1979, and has four decades of experience in the lending and mortgage industry. Alvarado has an Associate in Arts degree from the College of San Mateo, California and has attended numerous continuing education courses and California Mortgage Association seminars. Alvarado currently lives in Foster City, California with his wife and three children.

Marty Mackowski

Marty Mackowski works as an independent contractor for the Manager, acting as a senior loan officer. Marty has worked with the Manager since 1999. . Before joining the Manager, Mackowski ran his own mortgage company, Vista Funding Company, for 10 years. He also owned a tae kwon do studio, and has been a tae kwon do instructor for over 20 years. Mackowski has served as a public school educator and has held an active Real Estate Broker’s License since 1988. He is a graduate of Villanova University, Pennsylvania with a Bachelor of Arts degree. Marty is a former chairman of Ducks Unlimited, a non-profit organization dedicated to wetlands restoration, and is a volunteer in Stanford’s Partner in Caring program. Mackowski lives in Portola Valley, California with his wife.

Nancy Gann

Nancy Gann is the escrow officer at the Manager, where she has served since 1999. Prior to joining the Manager, Gann worked with Marty Mackowski at Vista Funding Company for 4 years. She has held a Real Estate Salesperson License for since 2005 and has 25 years of experience in the lending and mortgage industry. Gann has taken classes at Canada College in Redwood City, California and the University of Maryland in College Park, Maryland. She holds a current Notary Public Commission with the State of California. Along with her continuing education courses, she has also attended several classes for loan servicing and originating and numerous seminars held for the mortgage industry. She currently lives in Redwood City, California with her family.

Patrick B. Cheng

Patrick Cheng joined the Manager on October 2017 and is currently the Loan Servicing Manager. Prior to joining the Manager, Patrick worked at Menlo Management Company for 17 years. He has held a Real Estate Salesperson License since 2007 and has over 15 years of experience in the lending and mortgage industry. Patrick is a graduate from Junipero Serra High School in San Mateo, has taken classes at College of San Mateo, Canada College in Redwood City as well as Cal-State Hayward. He also holds a current Notary Public Commission with the State of California. Patrick grew up living in San Mateo, California where he still resides with his wife and son.