Senior Vice President - Special Assets; Joint Ventures
Far West Savings & Loan Associates, F.A.
Greater Los Angeles Area
- Manager of Los Angeles office: Special Assets;- Department Head; Joint Ventures-Special Projects;- Responsible for the recovery of maximum values from a diverse real estate portfolio of over $3 billion located in the Western United States;Work included: completions of single family subdivisions, condominiums and apartment projects, obtaining governmental permits and approvals, construction management, administration and management of development joint ventures;- Diversity of Assets: full service athletic club, office buildings on ground leases, retail strip centers, mini-warehouses, as well as raw and partially improved land;- Reorganized and trained personnel in conjunction with creation of Policies and Procedures for Workout/Restructure Department and the Foreclosure Department;- Work directly with borrowers and attorneys for resolutions on non-performing loans (restructures, foreclosures, enforcement of guarantees), extensive bankruptcy experience related to workouts;- Interface with governmental agencies; extensive hands-on experience with Resolution Trust Corporation (R.T.C.) in the evaluation, negotiation and modification or settlement of loans.