Patrick Miguel Email & Phone Number

Chicago, Il

Chicago, Illinois

Chicago, Illinois

Rosemont, Il

 Managed and supervised multiple loan portfolios comprised of commercial real estate, SBA, commercial lines of credit, loans-to-professionals, money services, and franchise loans totaling an aggregate of approximately $200 million with loans ranging from $250,000 to $2,000,000 Formulated prudent workout plans on distressed assets including renewals, restructuring, modifications, curtailment, covenants and extensions on the basis of credit for repayment of debt in full while mitigating all credit risks Examined and evaluated comprehensive financial information on the borrower, real estate, and current valuation of the collateral supporting the loan and the workout plan Monitored repayment performance of the borrower and guarantor under the established workout arrangement through loan collection procedures and documentation standards  Performed risk management processes by validating the accuracy of internal credit grades necessary for audit and loan classifications Extensive knowledge and understanding of bankruptcy protections as well as legal remedies available in loan default scenarios  Maintained regulatory reports of the institution such as internal risk ratings and forecasts consistent with regulatory reporting requirements (including GAAP), safe lending practices, and supervisory guidance

Burr Ridge, Il

 Originated commercial real estate loans totaling approximately $10 million Managed commercial credit and was responsible for evaluating and mitigating financial and management risks with loans ranging from $250,000 to $3,000,000 nationwide Underwrote commercial real estate loans including but not limited to middle market multifamily and mixed use properties  Negotiated and contacted borrowers with troubled assets to discuss possible repayment plans and/or loan modifications Analyzed new registered loan transactions and in house loan renewals while performing final due-diligence to determine financial and borrower’s creditworthiness of each loan transaction Developed marketing programs and streamlined the process to promote the Wholesale Commercial Lending products to national brokers while providing better efficiency Opened newer markets and submarkets for expansion of BankFinancial FSB products

Rosemont, Il

 Contributing member in the establishment of Ciena Capital’s Small Balance Multifamily Lending Program  Generated and designed loan applications such as but not limited to loan processing manuals, underwriting guidelines, closing procedures, loan review system, and registration package templates necessary for loan production while adhering to Ciena’s regulatory standards Helped structure and negotiate risk loss agreement with Fannie Mae for increase profitability and loan volume expectations Formulated step-by-step operational procedures in order to streamline the loan process for better efficiency and effectiveness

Chicago, Il

 Originated commercial mortgage loans nationwide totaling deal originations of $60 million in 2007 with an average loan size of $1,200,000 Promoted and expanded core product and Fannie Mae Program to new and existing correspondents in the Midwest territory Generated sales leads including referrals of direct customers for increase business development and cross-selling of other bank products and services Developed diverse and extensive relationships with existing broker clientele from various parts of the real estate and mortgage industry