Daniel E. Carter
Mr. Carter began his career in municipal bond sales before transitioning into bond trading. While at the trading desk, nearly 30 years ago, Mr. Carter found his niche trading distressed and defaulted municipal bonds.
In 1991, Mr. Carter began International Trading Group I, Inc., as a licensed NASD broker/dealer, specializing in defaulted and distressed municipal bond obligations. While an active broker/dealer, International Trading Group I, Inc. was principal in the restructuring, repositioning, and workout of over $500 million in municipal debt obligations. Throughout his years as a trader, Mr. Carter held Series 7, Series 24, Series 53, and Series 63 securities licenses. He has also led the formation of two previous investment funds, ITG Investor Group, Inc. and Gordon Fixed Income Investments, Inc., of which he also participated as a principal investor.
As an ancillary business to his municipal workouts, Mr. Carter founded Naples Lending Group, L.C., which provides Debtor-in-Possession financing. Since its inception in 1999, Naples Lending Group, L.C. has loaned close to $50 million to entities under Chapter 11 bankruptcy protection.
In 1999, Mr. Carter started the ITG Tax Free Income & Capital Appreciation Fund, Ltd., focusing on the acquisition of distressed & defaulted municipal debt obligations, in need of both financial assistance and operational improvements. Mr. Carter’s investment and work-out philosophy centers around cooperation with existing debtors and/or management to achieve a maximum value exit strategy within the confines of the particular credit. Using this approach, Mr. Carter has built an outstanding reputation within the industry.
Daniel Carter holds a Bachelor of Science in Business Administration from William & Mary College and Master Degrees in Finance and Entrepreneurial Studies from Indiana University.
Blaine E. Barton
Blaine Barton has been a business professional for over 30 years focusing his efforts on management, purchasing, accounting and sales. He joined ITG in February 2003 and has been managing Buena Vida Estates through fill up and the $32,000,000 expansion and refinancing of the bond debt. As Vice-President of ITG’s entities he has been active in the acquisition of industrial, residential and commercial properties in Brevard County.
He is also responsible for the operations of ITG Realty, Viera Commerce Park and Senior Care FF&E.
Blaine is a graduate from the University of Kentucky with a Bachelor of Science in Accounting and has resided in Naples Florida since 1980.
Andrew E. Sanford
Andrew Sanford joined ITG in the fall of 2007. Mr. Sanford fills the role of Chief Investment Officer for the various ITG entities. He is responsible for strategy and research for new and existing debt investments.
Since joining ITG, Mr. Sanford has specialized in land secured financings, particularly Florida Community Development Districts; his experience includes distressed acquisitions, restructurings, and new issuances. He has also participated in various tax-exempt healthcare financings. In addition to his experience in tax exempt bonds, Mr. Sanford has also led numerous Debtor in Possession loans, for entities in Ch. 11 bankruptcy protection.
Mr. Sanford was made partner of ITG Fund Management, LLC in January 2010. After the success of its first fund, ITG launched its second bond fund, ITG Fund II, LLLP in January 2011.
Mr. Sanford attended Iona College in New Rochelle, NY, where he graduated from the Honors Degree Program Magna Cum Laude with a Bachelor of Science in Economics
Lance J. Lester
Mr. Lester joined ITG, in the spring of 2010, as a financial analyst with an emphasis on real estate securities and private equity. Over his time at ITG, Mr. Lester has held numerous roles, including, most significantly and most recently, leading due diligence on a variety of credits in both the tax exempt and the taxable areas.
Since the inception of the Fund in 2013, Mr. Lester has leveraged his past experiences to provide in-depth analysis on potential investments presented to the Fund and is an integral part in selecting and underwriting which opportunities offer the greatest risk adjusted return to the Partners.
Lance is a graduate from the University of South Florida in Tampa, FL with a Bachelor of Science in Finance and a Bachelor of Arts in Psychology.
Harold E. Melle
Harold E. Melle serves as the real estate broker for ITG’s in-house brokerage, ITG Realty, LLC. Since its inception in 2009, ITG Realty LLC has brokered 15,533,250.00 in real estate transactions. Previously, Mr. Melle was an agent for Coldwell Banker Commercial, and while there was accepted into Coldwell Banker’s Emerging Broker Program. Prior to Coldwell Banker, Rusty was an agent at Century 21 specializing in residential real estate. Rusty currently holds the following certifications: Short Sale and Foreclosure Resource and Certified Distressed Property Expert.
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