Jess Wilder
Jan 24, 2024
Webinar held with Clark Street Capital. Jason helped assemble and present on panel
As the pinch of higher rates strains cash flows, more borrowers are struggling to keep loans current, and banks are beefing up workout departments. A recent study published by the National Bureau of Economic Research predicted up to $160 billion in losses on CRE loans alone. US bankruptcy filings surged by 18% in 2023 and are expected to climb in 2024 and beyond.
But, after a decade of low rates and low defaults, the ranks of experienced workout professionals at banks are thin. The Agencies have been re-educating banks on how to manage workouts by updating the Prudent Commercial Real Estate Loan Accommodations and Workouts. Banks are hiring and staffing up for the challenges ahead.
Join us for a fantastic webinar from four experts with decades of experience at major financial institutions. This highly topical webinar will cover:
Credit deterioration and early warning signs
Prudent CRE Loan Accommodations and Workouts Guidanc
Managing the relationship transfer from the line to special assets
Triage
Lender Liability
Modifications and Restructures
Litigation
Bankruptcy
Join our webinar on Tuesday, January 23, 2024, at 1:00 PM EST with four dynamic loan workout experts featuring:
William Krueger, SVP, Asset Resolution Group, Truist Bank
Justin Barr, SVP & Special Assets Director, Carter Bank and Trust
Jason Alpert, Managing Partner, Castlebar Holdings
Jon Winick, CEO, Clark Street Capital