• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Neccim Distressed Bank Assets
 

Neccim Distressed Bank Assets

on

  • 3,139 views

This is a revised version of the presentation that David Phalen and I gave at the NECCIM Distressed COmmercial Real Estate breakfast on 10-15

This is a revised version of the presentation that David Phalen and I gave at the NECCIM Distressed COmmercial Real Estate breakfast on 10-15

Statistics

Views

Total Views
3,139
Views on SlideShare
2,993
Embed Views
146

Actions

Likes
0
Downloads
45
Comments
1

3 Embeds 146

http://www.distressedpro.com 130
http://www.linkedin.com 14
http://www.slideshare.net 2

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel

11 of 1 previous next

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Neccim Distressed Bank Assets Neccim Distressed Bank Assets Presentation Transcript

    • Distressed Assets
      Commercial ForeclosuresPipeline Data | Process | Options
    • Summary
      About
      David Phalen
      Brecht Palombo
      Distressed Property Funnel
      US Foreclosure Pipeline
      Working with Lenders
      Summary
    • David C Phalen
      David C. Phalenis a partner in the law firm of Bartlett Hackett Feinberg P.C in Boston. After serving as an Assistant District Attorney upon his admission to the bar in 1983, he has practiced primarily in the area of bankruptcy/creditor’s rights, commercial litigation and corporate/banking transactions. He has been involved in numerous commercial real estate workouts and foreclosures.
      Mr. Phalen received his B.A. in political science from Williams College and his J.D. cum laude from Boston College Law School, where he was an editor of the Uniform Commercial Code Reporter-Digest.
      Mr. Phalen represents a variety of clients in his practice, ranging from large national banks to closely-held family businesses and individuals. He is member of the Boston Bar Association, the Massachusetts Bar Association and the American Bankruptcy Institute.
      3
      Bartlett Hackett Feinberg P.C.
    • Brecht Palombo
      Brecht has been working in real estate since 2001 and at the front end of distressed real estate since late 2005. He is a Principal at Mansard Commercial Properties. He represents Tranzon Auction Properties throughout Southern New England and he is recently the founder of distressedpro.com where members can research the distressed real estate, distressed mortgage loan balances, and notes held for sale for more than 8,000 banks nation wide.
      Auctioneer
      Broker MA, CT, NH
      brecht@brechtpalombo.com
      781-507-9507
      Publications
      • CREFrontline Monthly
      • ABI Quarterly Asset Sales
      • ABI Quarterly Real Estate
      • bostonrealestateobserver.com
      Recent Transactions
      • $19.1MM Broadluxe Auctions
      • $3.4MM Charles Ridge Foreclosure
      • $4.25MM Columbia St Cambridge 363 Sale
    • Distressed Property Funnel
      OREO
      • Bank Owned
      • Management
      • Disposition
      • Repositioning
      • Completion
      • Buy the property
      Nonaccrual
      • Foreclosure likely
      • Bankruptcy
      • Loss Mitigation
      • Receivership
      • Buy the Note
      90 Days Late
      • Pre-foreclosure
      • Payment Unlikely
      • Notice Sent?
      • Forbearance
      • Extensions
      • Buy the Note
      • Consensual Sale
    • US Foreclosure Pipeline
    • Construction
      $85.5 Billion
      • 17% Increase Over All
      • REO up 22%
      • Nonaccrual up 16.9%
      • 90 Days Late up 12.4%
    • Commercial Real Estate
      $36.1 Billion
      • 30% Increase Over All
      • REO up 32.8%
      • Nonaccrual up 31%
      • 90 Days Late up 15%
    • Multifamily
      $8.3 Billion
      • 25% Increase Over All
      • REO up 6.9%
      • Nonaccrual up 27.9%
      • 90 Days Late up 50%
    • Residential
      $ 159.7 Billion
      • 9% Increase Over All
      • REO up 1.1%
      • Nonaccrual up 6.8%
      • 90 Days Late up 13.6%
    • Finding Lenders
      Lenders are generally quiet about their problems.
      They don’t want to be perceived as bad guys
      Don’t want to be appear weak or undercapitalized
      Want to avoid having their dispositions characterized as distressed or fire sales
    • Finding Lenders
      FFIEC
      Federal Financial Institutions Examination Council
      FDIC
      Federal Deposit Insurance Corporation
      FRB
      Board of Governors of the Federal Reserve System
      NCUA
      National Credit Union Administration
      OCC
      Office of the Comptroller of the Currency
      OTS
      Office of Thrift Supervision
    • Lender Stats
      Capital Adequacy
      Total Nonaccrual
      Total REO
      Notes Listed as “For Sale”
      Nonaccrual and REO
      • Construction
      • Commercial
      • Multifamily
      • Residential
      Non-Current Percentages
      Net Charge-Offs
    • 14
      New England Banks
      317 Bank Headquarters
      Residential = $2,734,401,000
      Multifamily = $146,962,000
      Construction = $848,621,000
      Commercial = $1,195,547,000
      Total = $4,925,531,000
    • Why Local and Regional Lenders
      VS
      Joe Banker
    • Making Contact
      Who to Contact
      • President
      • Risk or Credit Officers
      • Special Assets
      • Workout
      • Attorneys
    • Making Contact
      Approach
      • Pick Up the Phone
      • Social networks
      • Physical Networking
    • 18
      BankProspector
      BETA
      NECCIM Coupon Code
      40% Off
      A85D143AF3