Eric Seidenberger Email & Phone Number

Seattle, Wa, Us

Washington, United States

Responsible for WaFd's Commercial Real Estate (CRE) Division throughout the home state of WA. Business lines include disciplines of Income Property [office, industrial, multifamily, retail] and Homebuilder Finance [horizontal land development, vertical construction of speculative housing]. Direct reports include a high-functioning team of directors (team leads), relationship managers (tenured bankers), portfolio managers (de novo bankers), and credit analysts (underwriters). The team is located up and down the I-5 corridor, with principal offices in Mid Sound (Seattle) and North Sound (Bellingham).Report to the Regional President, who leads the Commercial Banking Unit for the state of WA.

Washington, United States

Within the state of Washington, our Homebuilder Finance team offers construction solutions for all "for-sale" housing product. This includes single family detached homes and attached townhomes. Loan facilities include guidance and committed construction revolvers, borrowing base revolvers, all containing sub-limits that allow for models, speculative units, and finished developed lots. Land development projects are considered when developer has capacity to build on those lots.The team will focus on strengthening WaFd Bank’s capacity to service the full spectrum of financial needs for local and regional homebuilders/developers, as well as expand our Bank’s ‘builder partner’ presence within the state’s branch network.

Washington, United States

Provide construction and mini-permanent loans for both income property investors and regional homebuilders: Income Property - financing available for apartments, office, retail, and self storage/other industrial properties.Homebuilders - financing available for land acquisition/development, as well as spec construction.Loan size = $1 million to $75 million per transaction. Washington Federal is a $15 billion publicly-traded commercial bank, based in Seattle (NASDAQ: WAFD).

Texas, United States

Led team of three staff members, including two support coordinators and an assistant vice president. Managed work flow, reviewed submitted projects, and developed partnerships with retail team members. Sourced new commercial and consumer transactions among real estate developers, private investors, and small businesses in Dallas / Fort Worth metro area.Structured and facilitated written and verbal loan presentations to executive committee.Identified opportunities and highlighted both systematic and unsystematic credit risks. Coordinated closing / funding of all commercial loans through various internal (operational and administrative) as well as external (legal counsel and title company) relationships. Collaborated with three-person team to facilitate construction of permanent loan program that generated an additional $20 million in business.Partnered with sister company, Patriot Bank Mortgage, to obtain a 30-year loan at the end of construction. Determined parameters and value of loans and identified target consumers. Serviced a $155 million loan portfolio for the regional lending center, including 285+ customers. Cleared monthly past-dues and negotiated renewals for matured loans, driving bank profitability and increasing customer retention. Consulted bank’s criticized assets group and internal loan review division as needed; determined correct risk grades and identified substandard credits within loan portfolio. Improved account retention by 80% through implementing new, user-friendly online customer interface for online banking and bill pay.

Texas, United States

Designated as senior analyst for regional lending center, supporting four senior officers. Assumed additional responsibilities after resignation of a key senior officer.Supervised covenant compliance per individual loan agreements in existing regional portfolio.Ensured compliance with bank policies and regulatory requirements for all credit packages, and developed an efficient checklist summary for various loan types. Led analysis on real estate market, ran debt / service ratios, conducted balance and income statement analysis, evaluated personal guarantors, performed risk assessment for loans, and made recommendations.Leveraged influence and expertise to persuade loan officers from supporting two extremely high-risk loans. Supported workout, collection, and liquidation of bank’s regional $18 million foreclosure portfolio.

Texas, United States

Reviewed creditworthiness of businesses and individuals by analyzing corporate and personal financial statements, interpreting accounting ratios, and executing a proprietary due diligence process. Drafted construction lending packages for multiple senior officers – debt exposures up to $20 million.Prepared quarterly commercial real estate market / submarket analysis on a national, state, and city level, utilizing a diverse set of primary and secondary data resources.Invited by senior bank executives to serve on TCL (The Construction Lender) software implementation taskforce. Conducted customized queries for monitored exception reports utilized by analysts nationwide, reducing credit exceptions by 17% in one year.

Education record

Activities and Societies: Management Report (thesis paper) selected for inclusion in PCBS Library.

Bba, Finance

Activities and Societies: Financial Management Association International Honor Society