Nick Weddle

Nick Weddle Email and Phone Number

Director, Asset Management and Head of Loan Servicing @ Spring11, LLC
Leawood, KS, US
Nick Weddle's Location
Leawood, Kansas, United States, United States
Nick Weddle's Contact Details
About Nick Weddle

Experienced Asset Manager with a demonstrated history of working in the commercial real estate industry. Skilled in Credit and Asset Reviews, Loan Servicing, Customer Service, Financial Analysis, Business Planning, and Management. Strong finance professional with a Bachelor of Business Administration (BBA) focused in Finance from Kansas State University.

Nick Weddle's Current Company Details
Spring11, LLC

Spring11, Llc

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Director, Asset Management and Head of Loan Servicing
Leawood, KS, US
Employees:
17
Nick Weddle Work Experience Details
  • Spring11, Llc
    Director, Asset Management And Head Of Loan Servicing
    Spring11, Llc
    Leawood, Ks, Us
  • Spring11, Llc
    Director, Asset Management & Head Of Loan Servicing
    Spring11, Llc Jul 2023 - Present
  • Spring11, Llc
    Director
    Spring11, Llc May 2021 - Aug 2023
    Overland Park, Kansas, United States
  • Trimont Real Estate Advisors
    Associate Director, Credit And Asset Management At Trimont Real Estate Advisors
    Trimont Real Estate Advisors May 2020 - May 2021
    Overland Park, Kansas, United States
    Responsibilities:• Execute and recommend modifications to the property level business plans in order to maximize investment return for client;• Assess property performance relative to original underwriting or budget, competitors, and market conditions;• Critique/track and approve operating budgets;• Review property operating statements to evaluate underlying performance• Review of and/or analysis of property operations including Sponsor and property management… Show more Responsibilities:• Execute and recommend modifications to the property level business plans in order to maximize investment return for client;• Assess property performance relative to original underwriting or budget, competitors, and market conditions;• Critique/track and approve operating budgets;• Review property operating statements to evaluate underlying performance• Review of and/or analysis of property operations including Sponsor and property management company• Highlight potential issues and concerns for client, then make appropriate recommendations. Recommendations include hold/sell analysis, property management evaluation (or replacement), and renovate (or stop renovating) based on market returns• Review and analyze loan modification and refinance opportunities• Conduct property site inspections and market research• Interact with property management companies, onsite property management staff, Sponsor and client representativeReporting:• Review weekly leasing report and follow up with property management and Sponsor accordingly• Review monthly reports prior to submittal to client• Prepare, update and approve quarterly cash flow projections (re-underwrite) and asset narrative reports• Prepare quarterly property level valuations, which includes third party appraisal review on a rotating basis• Most importantly, participate in preparation and presentation of quarterly asset reviews to client partnersMarket Awareness:• Maintain broad overview knowledge of major markets (trends, drivers, rents, values, etc.) to support sound assessment of property operations. Make appropriate recommendations (renovate vs. don’t renovate, etc.) Show less
  • Cohen Financial, A Division Of Suntrust Bank
    Avp, Asset Management - Agency (Fannie & Freddie) At Cohen Financial, A Division Of Suntrust Bank
    Cohen Financial, A Division Of Suntrust Bank Jul 2018 - May 2020
    Overland Park, Ks
  • Keybank Real Estate Capital
    Sr. Asset Manager/Team Lead - Agency (Fannie Mae)
    Keybank Real Estate Capital Apr 2017 - Jul 2018
    Overland Park, Kansas
    In this position, my responsibilities include:- Understanding the regulations, guidelines, and policies that govern the Agencies.- Reviewing loan documents, policies and procedures and Agency Guide.- Using industry guidelines, processes and policies to collect and analyze quarterly and annual operating statements, balance sheets, cash flow statements, tax returns and occupancy reports.- Traveling as required: Meeting with borrowers, guarantors, property… Show more In this position, my responsibilities include:- Understanding the regulations, guidelines, and policies that govern the Agencies.- Reviewing loan documents, policies and procedures and Agency Guide.- Using industry guidelines, processes and policies to collect and analyze quarterly and annual operating statements, balance sheets, cash flow statements, tax returns and occupancy reports.- Traveling as required: Meeting with borrowers, guarantors, property managers, etc. to conduct physical inspection/assessments on all loans within the assigned portfolio, and reporting findings accordingly.- Monitoring assigned portfolio in order to ensure compliance with specific requirements pursuant to contractual servicing agreements. Instituting and administering directives involving changes in servicing standards (i.e. establishing and implementing new technologies for reporting property inspections and financial analysis). - Performing intensive loan servicing for those loans designated by investor or servicer as not meeting their standards for performance. Intensive servicing typically involves in-depth physical inspections/assessments, comparable financial analysis, market analysis, cash flow auditing, sponsor analysis, and administering rehabilitation/repair agreements. - Completing comprehensive loan reviews by specific scheduled dates and presenting the reviews to a Credit Committee. - Developing Action Plans for any loans that are not meeting established standards for overall property performance and report these plans on specific, scheduled dates to the investor. - Working with borrowers, assumptors, legal counsel, internal production, underwriting and closing personnel, investors, and other outside parties to negotiate, document and close proposed transactions.- Generating income through transaction fees and the timely collection of late charges and default interest.- AND MORE! Show less
  • Keybank Real Estate Capital
    Asset Manager Iii - Agency
    Keybank Real Estate Capital Jul 2016 - Apr 2017
    Overland Park, Ks
  • Keybank Real Estate Capital
    Asset Manager Ii - Agency
    Keybank Real Estate Capital Jul 2014 - Jul 2016
    Overland Park, Ks
  • Keybank Real Estate Capital
    Asset Manager I - Agency
    Keybank Real Estate Capital Mar 2014 - Jul 2014
    Overland Park, Ks
  • Keybank Real Estate Capital
    Ucc Specialist
    Keybank Real Estate Capital Jul 2012 - Mar 2014
    Overland Park, Ks
    - Performed supporting functions for the insurance, tax, escrow analysis, document control and delivery teams.- Ensured all UCC documents were up to date and filed correctly.- Inputted and updated data from various sources into core servicing systems supporting various functions across the operations department.- Generated system reports and letters that monitored delinquencies for both tax parcels and insurance policies.- Executed searches to find and account… Show more - Performed supporting functions for the insurance, tax, escrow analysis, document control and delivery teams.- Ensured all UCC documents were up to date and filed correctly.- Inputted and updated data from various sources into core servicing systems supporting various functions across the operations department.- Generated system reports and letters that monitored delinquencies for both tax parcels and insurance policies.- Executed searches to find and account for missing documents including, but not limited to UCCs, mortgages, assignments, etc. Show less
  • Us Navy
    Personnel Specialist - Petty Officer
    Us Navy Aug 2004 - Aug 2008
    - Received, disbursed, and accounted for up to $5,000,000 cash used for any variety of missions.- Organized and executed missions out of the country to move hundreds of thousands of dollars in cash to support operations downfield. - Processed non-judicial Navy Court Hearing Punishments by creating and submitting all legal paperwork required and reducing pay entitlements as needed.- Handled unauthorized absentees by processing all required paperwork and providing… Show more - Received, disbursed, and accounted for up to $5,000,000 cash used for any variety of missions.- Organized and executed missions out of the country to move hundreds of thousands of dollars in cash to support operations downfield. - Processed non-judicial Navy Court Hearing Punishments by creating and submitting all legal paperwork required and reducing pay entitlements as needed.- Handled unauthorized absentees by processing all required paperwork and providing transportation for absentee back to his/her command.- Organized and spearheaded numerous fundraising and morale-raising events as President of Morale, Welfare, and Recreation.- Conducted part-time transient receipts and departures and set up proper pay entitlements and travel arrangements.- Managed student receipts and departures and established proper pay entitlements and travel arrangements. - Organized and led indoctrinate procedures for students and transient personnel. Show less

Nick Weddle Skills

Customer Service Customer Satisfaction Sales Leadership Team Leadership Microsoft Excel Microsoft Office Training Powerpoint Management Microsoft Word Direct Sales Budgets Public Speaking Inventory Management Research Social Networking Outlook Business Planning Business Development New Business Development Small Business Consulting Small Business Financial Management Small Business Marketing Impromptu Speaking Financial Analysis Time Management Analysis Finance Loans Banking Portfolio Management Real Estate Credit Mortgage Lending Asset Management Communication Risk Assessment Commercial Real Estate Risk Management Team Building Account Management Real Estate Financing Kansas Real Estate License Missouri Real Estate License Real Estate Transactions Real Estate Negotiating Loan Servicing Loan Modifications Mortgage Servicing

Nick Weddle Education Details

Frequently Asked Questions about Nick Weddle

What company does Nick Weddle work for?

Nick Weddle works for Spring11, Llc

What is Nick Weddle's role at the current company?

Nick Weddle's current role is Director, Asset Management and Head of Loan Servicing.

What is Nick Weddle's email address?

Nick Weddle's email address is nw****@****ial.com

What schools did Nick Weddle attend?

Nick Weddle attended Kansas State University, Kansas State University, Kansas State University.

What are some of Nick Weddle's interests?

Nick Weddle has interest in Friends And Family, Children, Human Rights, Fashion, Traveling, Investing, Economic Empowerment, Politics, Poverty Alleviation, Trying New Things And Places.

What skills is Nick Weddle known for?

Nick Weddle has skills like Customer Service, Customer Satisfaction, Sales, Leadership, Team Leadership, Microsoft Excel, Microsoft Office, Training, Powerpoint, Management, Microsoft Word, Direct Sales.

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