1️⃣ Due Diligence
Review the loan file, inventory collateral, understand the lenders, and evaluate operations.
Process
Four steps from diligence to execution
Workouts combine analysis, communication, and execution discipline to maximize recovery.
2️⃣ Establish Communication
Order searches, obtain financials, consider intangibles, and issue notices when required.
3️⃣ Evaluate Options
Assess modifications, payoffs, note sales, foreclosure paths, and timing.
4️⃣ Develop Strategy
Align lender and borrower objectives, then execute a clear, documented plan.