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The future of IMH has never looked brighter. 20 years in the industry has brought strength and insight to all facets of IMH, enabling us to seize the best opportunities in the real estate market. We keep our finger squarely on the pulse of relevant markets, informing and allowing us to maintain flexible investment strategies in changing market conditions. IMH is staffed by some of the brightest minds in finance and real estate.
7001 N. Scottsdale Rd., Suite 2050 Scottsdale, AZ 85253 (480) 840-8400

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Board of Directors

Board of Directors


Lawrence D. Bain

Larry_Bain copy

Chairman & Chief Executive Officer

Mr. Bain was appointed as the Company’s new Chief Executive Officer and Chairman of our Board of Directors on July 24, 2014. Since 2009, Mr. Bain has served as a strategic consultant to the Company and provided the Company with services related to asset management and disposition as well as loan underwriting. During the period of his consultancy, Mr. Bain has also served as managing partner of ITH Partners, LLC, a private equity firm. Mr. Bain brings significant operating and board experience gained in roles as a chief executive officer and chairman over the last fourteen years. From 2000 to 2009, Mr. Bain served as chief executive officer for True North Advisors, LLC (a private equity investment fund and an affiliate of the private equity firm, True North Partners, LLC). From 2004 to 2009, Mr. Bain served as chief executive officer of ProLink Solutions, LLC, which designs, manufactures, maintains and sells global positioning satellite (GPS) golf course management systems and software to golf course owners and operators worldwide. Mr. Bain spent approximately 20 years in the securities industry holding managing director positions at Stifel, Nicolaus & Company, Inc., Everen Securities, Dean Witter and EF Hutton. Mr. Bain is a graduate of the Ohio State University and attended the Securities Industry Executive Program at The Wharton School. In addition to his other duties, Mr. Bain will serve as the Chair of the Investment Committee.

Leigh Feuerstein

Leigh Feuerstein brings strong financial and investment experience to the Board, including a background advising on the evaluation and improvement of financial controls, re-reconciliation projects, forensic accounting, fund structuring, and tax advice, as well as on various private equity and hedge fund strategies. From April 2008 to April 2014, Mr. Feuerstein served as chief operating officer and chief financial officer of Element Capital Management LLC, a hedge fund based in New York City with over $4 billion in assets under management. Mr. Feuerstein’s duties at Element Capital Management included accounting, operations, handling legal, tax, and compliance matters, and investor relations. From January 1998 to April 2008, Mr. Feuerstein was the managing member of Oracle Advisory Services, LLC, a financial advisory firm providing guidance on important operational and deal structure matters to a diverse client base, including multinational corporations, hedge funds, and private equity firms. Prior to founding Oracle Advisory Services, LLC, Mr. Feuerstein worked at KPMG. Mr. Feuerstein is a certified public accountant and graduated from State University of New York—Buffalo. Mr. Feuerstein qualifies as an audit committee financial expert under the rules promulgated by the SEC, and will serve as Chair of the Audit Committee and as an alternate member of the Investment Committee.

Andrew Fishleder, M.D.

andrew_fishlederAndrew Fishleder, MD has extensive experience in the health care industry. Dr. Fishleder was the Chief Executive Officer of the Cleveland Clinic in Abu Dhabi from 2008 until 2010 where he assumed leadership of that project, including oversight of hospital design and the development of budgets, business plans, staffing plans and start-up hiring for a new hospital and clinic. From 2002 through 2008, Dr. Fishleder was Executive Dean at the Cleveland Clinic Lerner College of Medicine of Case Western Reserve University (CWRU) where he led the Clinic’s initiative to design and develop a new medical school focused on training physician investigators. His responsibilities included budgeting, donor relations, faculty affairs, curriculum development, and interface between CWRU and Cleveland Clinic. From 1998 until 2008, Dr. Fishleder served as Chairman of the Cleveland Clinic and Physician staff member. Dr. Fishleder graduated from the University of Michigan Medical School in 1978. Dr. Fishleder will serve on the Audit and Compensation Committees.

Michael M. Racy

Racy 2120027Michael M. Racy has extensive experience in the real estate development industry and in government relations. In 1994 Mr. Racy founded Racy Associates Incorporated, a firm that provides services in the areas of local, state, and federal government relations. Racy Associates Incorporated has been involved in significant real estate development projects in multiple sectors and much of its practice focuses on the necessary entitlements for major real estate development projects. Mr. Racy also serves as the Government Relations Director for Munger Chadwick, P.L.C., where he manages and directs the government relations practice of that firm. The Board evaluated Mr. Racy for purposes of independence as a member of the Board and as a member of the Compensation Committee. As part of the Board’s review, it considered that Mr. Racy served as a consultant to the Company in connection with a real estate transaction and the Company paid him $10,000 in connection with those services during 2013. Mr. Racy will serve on the Compensation Committee and as an alternate on the Investment Committee.

Lori Wittman

lori_wittmanLori Wittman has extensive experience in the real estate development industry and is presently Executive Vice President and Chief Financial Officer of Care Capital Properities, Inc., a healthcare real estate investment trust with a diversified portfolio of triple-net leased properties focused on the post-acute sector. From 2006 through 2011, Ms. Wittman was Chief Financial Officer & Managing Principal for Big Rock Partners, LLC, a real estate private equity firm focused on generating returns through development and redevelopment, where she led all capital markets, accounting and investor activities. Ms. Wittman has also served in various capacities for General Growth Properties, Heitman Financial and Homart Development Company, all entities involved in the investment and/or development of real estate. Ms. Wittman has been actively involved in a variety of charitable and philanthropic activities including here service on the boards of Board of Midwest Hedge Funds Care, Co-Chair Granting Committee and The Women’s Treatment Center. She also served on the Board of Directors, Head of the Audit Committee of Green Realty Trust, Inc. Ms. Wittman received her MBA with a concentration in Finance and Accounting from University of Chicago, and her MCP in Housing and Real Estate Finance from University of Pennsylvania. Ms. Wittman will serve as a member of the Audit and Compensation Committees and as an alternate member of the Investment Committee.

Jay A. Wolf

Prior to forming Juniper Capital, Mr. Wolf was a partner at an activist hedge fund focused primarily on small-cap and distressed public companies. He served on the boards of a number of the fund’s portfolio companies assisting in strategic and financial planning as well as management restructuring. Mr. Wolf began his career at Canadian Corporate Funding Ltd. (CCFL) a Toronto based merchant bank . He was an analyst in CCFL’s senior debt department and subsequently an Associate in Trillium Growth Capital, the firm’s venture capital fund. Mr. Wolf has served on the boards of numerous private and public companies in varying roles and committees. Mr. Wolf currently sits on the boards of IMH Financial Corporation and Salucro Health Solutions Ltd. Mr. Wolf is a member of the Board of Governors of Cedars Sinai Hospital, Los Angeles.

Chad Parson

Chadwick S. Parson, 48, has joined the IMH board effective April 24, 2017.  Since March 1998, Mr. Parson has worked at J.P. Morgan Securities LLC and is currently a Managing Director in J.P. Morgan’s Special Opportunities Group.  During his nineteen year career at J.P. Morgan’s investment bank, Mr. Parson held several positions in areas which include debt capital markets, credit derivatives and risk, and served as Head of Repackaging for North America.  Since 2009, he has been focused on special situations for the investment bank, and currently serves on the underwriting commitments committee for structured credit products.  Mr. Parson is a member of the New York Bar Association and practiced as an attorney at Shearman & Sterling prior to joining J.P. Morgan.  In addition to the IMH board, he currently serves on the boards of six companies based in the United States and Spain.  Mr. Parson received a B.A. in 1990 from Duke University and a J.D. in 1995 from Fordham University School of law.