Larry Smith, Executive Managing Director, Restoration Capital and Managing Director of Magnolia Reach Capital, LLC
O: (978) 212-5318
C: (617) 834-2556
F: (978) 843-9494
E: [email protected]
Larry founded Restoration Capital in 2007 and serves as its Executive Managing Director. Larry and the Restoration Capital team have been successful in acquiring some of the most sought-after real estate projects in our area, and developing them into upscale quality condominium homes for its customers. Their most recent acquisitions include Hatters Point Condominiums, a waterfront community offering its residents breathtaking views, The Village at Magnolia Shores, a 45-unit high-end condominium community and The Village at West Gloucester, a senior lifestyle community of 34 duplex-style condominiums. Hatters Point is located in Amesbury, MA and both The Village at Magnolia Shores and The Village at West Gloucester are located in Gloucester, MA. To ensure all facets of development meet the exacting standards required for their customers, Larry also serves as the Executive Managing Director for Hatters Point Capital, and Magnolia Reach Capital.
Prior to establishing Restoration Capital, Larry independently originated real estate transactions for firms such as Fortress Investments (Joint Venture Partner), Silver Point Capital and CIT Commercial Credit. He brings to Restoration Capital his extensive experience and knowledge of all facets of real estate transactions including the placement of equity, mezzanine debt, secured first lien debt, warehouse facilities and asset based loans.
Larry is the former CEO/President and Founder of Finagle A Bagel, a bakery wholesaler and retailer based in Boston, MA. He is also the former CEO and Founder of London Taxis North America, the exclusive distributor of London Taxi vehicles in the United States and Canada. In addition, Larry held various manufacturing and financial management positions within the Aircraft Engine Division of the General Electric Company for eight years. He holds a Bachelor of Science degree in Mechanical Engineering and Applied Mathematics from the University of Rhode Island, is a graduate of the General Electric Company's Manufacturing Management Program, and has studied for an M.B.A. at the Carroll School of Management at Boston College.
In his personal time, Larry enjoys boating, skiing, running, biking and spending quality time with family and friends.