William Honan Email and Phone Number
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VP, Sr. Construction Loan Portfolio Risk Manager ~ VP, Construction Loan Loss Prevention Manager ~ VP, Construction Loan Portfolio Risk ManagerHigh-performance, forward-thinking and outcome-driven Construction Loan Due Diligence/Risk Manager with expertise in risk assessment, reducing risk, consulting, and protecting profits on multibillion dollar commercial construction loan portfolios. Adept at unlocking and delivering MB$ value by recognizing red flags, mitigating risk, and preventing financially devastating MB$ losses in the Technical Services or Due Diligence Department of Commercial Banks HQ, as evidenced by excellent risk prevention scorecard results:No MM$-MB$ losses or construction loans in workout plans from excessive construction risk all three branches (ATB) 2012 - present.Zero significant losses or construction loans in workout plans in CRE loan portfolio due to seismic activity ATB 2012 - present.Not a single MM$-MB$ loss, or construction loan in workout plans from pre-existing condition risk ATB 2012 - present.Zero significant losses or construction loans in workout plans from commercial loans with excess environmental risk or MM$ fines ATB 2012 - present.No significant losses, major lawsuits, bad PR, or construction loans in workout plans from commercial loans with excessive engineering risk ATB 2012 - present.Not a single MM$-MB$ loss, bad PR or lawsuit settled from excess regulatory change risk ATB 2012 - present.Zero lawsuit settlements or construction loans in workout plans from lack of due diligence ATB 2012 - present.The vast majority of IDB Bank's commercial construction loan closings met their closing date deadlines or extended closing date deadline if issues were identified.Took over Chief RE Appraiser role for 15 months for employer in 2022 saving employer $230K in payroll, enabling construction loan operations to continue while continuing with current full-time role.Elsewhere, dozens of commercial construction loans/projects have gone sideways, are tied up in major lawsuits, or have defaulted creating MB$ losses. When a $1.0B investment loss is prevented, it's a huge win-win because it takes $2.0B in new profit to recover your initial asset of $1.0B after a $1.0B loss. In a recessions with mass layoffs, declining stock markets, more loan defaults, and higher interest rates, Risk Prevention is More Essential Than Ever. Why not leverage my decades of construction, risk management, and commercial banking experience? wjbh@optonline.net ~ Mobile: 914.671.7915
Idb Bank
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Idb BankTampa, Fl, Us
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Vp, Real Estate Due Diligence OfficerIdb Bank Apr 2012 - Dec 2023New York, Ny, UsEleven consecutive years of zero MM$-MB$ losses, MM$ fines, lawsuit settlements or construction loans in workout plans across all major construction risk categories (see About section above for more details). Leverage extensive commercial banking, credit and construction financing experience to oversee, guide and execute on all due diligence matters that secure profits, insure business/construction goals are met and minimize risk to bank's multibillion-dollar real estate and construction loan portfolio. Evaluate any signs of adverse risk to bank with thorough analysis of all construction related data in a timely and accurate manner in order to reduce risk, this includes budget overruns and schedule delays.Coordinate the information/document flow and facilitate tracking/managing on multimillion-dollar commercial construction loans using Real Estate Information Management System (RIMS).Make continuous incremental improvements in construction monitoring procedures, protocols, and checklists to assist in handling increased volume of work as business thrives.Build and expand strong relationships with colleagues, clients and executives to promote cooperation, better results and new business growth. Provide training, mentoring and coaching to develop management bench strength within bank.Provide expert insight/consulting to senior management on real estate market conditions, outlook and market risk.Often liaise between bank's commercial loan officers, credit department, real estate appraisers, and title companies, lawyers, borrowers and syndication staff.Audit and review all construction loan documents, requisitions, change order justifications and disbursement requests for early signs of adverse risk, errors and omissions. Interview borrowers and their construction executives on known issues when making physical inspections of construction sites and inspecting progress to milestones. Negotiate appropriate solutions on known risks as needed.
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Avp / Construction Engineering Officer (Aka Construction Loan Risk Manager)Hsh Nordbank 2005 - Dec 2010Hamburg, DeA commercial bank based in Germany with a six billion dollar Real Estate Portfolio in the New York, NY and former San Francisco, CA branches. As a founding member of HSH Nordbank’s in-house Technical Services Group, responsibilities included identifying and evaluating the risk associated with the acquisition of existing buildings or the development of proposed construction projects. Proven ability to coordinate and orchestrate projects to meet tight deadlines to achieve results on multiple projects as portfolio value increased from two billion dollars to six billion dollars. Established construction monitoring procedures, protocols and checklists to accommodate increased workload and minimize the inherent construction funding risk. Reviewed and frequently found errors in the General Contractor's and Borrower’s requisitions submitted to the bank, which could have placed the bank in an out of balance situation, if not caught and corrected. The potential exposure for over funding ranged from a few thousand to $12M per incident. Developed and maintained relationships with a strong network of seasoned professional engineering, environmental, insurance, and appraisal consultants that supported commercial lending activities on a 145-project real estate portfolio averaging over $40M per project. Approved over 65 construction budgets and 480 disbursements for projects up to $410M utilizing the Misys Loan IQ Budget Tracking Module. Assisted loan administrators with interest monitoring, title endorsement updates, document management for archiving and syndication purposes.Negotiated key construction provisions and covenants of the construction loan agreement with loan officers and external counsel to ensure favorable terms. Facilitated and assisted with numerous loan modifications, extensions, and workouts. -
Project ManagerInspection & Valuation International, Inc. 1995 - 2005Construction and Real Estate Consultants on behalf of Financial Institutions.Provided construction and technical consulting services to real estate lenders and investors to identify and mitigate development risks on commercial and residential projects located throughout the United States.Demonstrated the ability to identify potential trouble spots on projects before problems developed in order to provide clients with objective information allowing them to make prudent decisions before any major problems revealed themselves. Actively monitored large-scale projects and multiple projects simultaneously with values up to $160M. Successfully prepared over 75 pre-construction reports providing an in-depth analysis of the project feasibility, budget, and schedule on behalf of financial institutions. Projects analyzed included multifamily developments, commercial, office, retail, senior housing, hospitality, and several Low Income Housing Tax Credit projects. Conducted and prepared reports for 10-14 monthly on-site visits verifying that the progress of the project complied with the approved project scope, loan agreement, and ensured that sufficient funds remained to complete the project. Immediately alerted lender of significant deviations or problems to avoid any potential surprises later on. Inherited six troubled projects from a previous consulting firm. Identified, analyzed and resolved the project issues to the satisfaction of the new client. Effective communicator able to interface with lenders, developers, borrowers, contractors and design professionals to identify and recommend solutions while meeting aggressive deadlines. Took pride in keeping team members fully informed during the project
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Consulting Engineer / Claims AnalystFogel & Associates, Inc. 1986 - 1994Consulting Engineers and Project Managers that assist attorneys and expert witnesses in construction litigation proceedings.Provided technical expertise, objectivity and sound advice in order to obtain fast and favorable resolutions to a variety of multimillion-dollar construction related claims. Interfaced with the plaintiffs’ and defendants’ attorneys to assist them with the necessary engineering and construction knowledge to prepare for the presentation or defense of construction related claims ranging in value from $2M to over $27M.Instrumental in assisting with the presentation or defense of construction related claims by reviewing and analyzing project documentation. Recognized by the lead attorney as being a key member of the change order and documentation review on a $15M claim. Assisted owners, architects, contractors, subcontractors, lawyers, sureties, and lending agencies in preparing, analyzing, or defending construction related claims on industrial, residential and commercial projects ranging in value from $7M to over $100M. Analyzed over 75 construction claims and prepared claim reports in an objective manner, which often saved the client time and money by bringing about a quick and equitable settlement through negotiation rather than a costly trial. Developed a reputation for successfully preparing clients for litigation on complex projects by obtaining and gathering relevant documents to analyze the technical and engineering aspects to provide clear, concise, and convincing testimony or evidence. Saved clients several million dollars by successfully evaluating and preparing reports, schedules, documents, charts, graphics and schedules to show proof of entitlement and damages.
William Honan Skills
William Honan Education Details
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Florida International UniversityConstruction Management -
State University Of New YorkConstruction Technology
Frequently Asked Questions about William Honan
What company does William Honan work for?
William Honan works for Idb Bank
What is William Honan's role at the current company?
William Honan's current role is VP, Real Estate Due Diligence Officer ~ VP, Risk Management ~ Regional Construction Loan Risk Manager ~ VP/Director of Due Diligence, VP/Director, Construction Risk Management ~ Managing Risk & Increasing Profits.
What is William Honan's email address?
William Honan's email address is wj****@****ine.net
What is William Honan's direct phone number?
William Honan's direct phone number is +173285*****
What schools did William Honan attend?
William Honan attended Florida International University, State University Of New York.
What are some of William Honan's interests?
William Honan has interest in New Construction Projects And Techniques, New Technology, International Travel, Real Estate, Historic Sites, Deltiology, Researching, Sporting Events, Genealogy.
What skills is William Honan known for?
William Honan has skills like Risk Management, Due Diligence, Construction Loans, Portfolio Management, Asset Management, Real Estate Finance, Loan Servicing, Loan Monitoring, Progress Monitoring, Construction Management, Risk Analysis, Disbursements.
Who are William Honan's colleagues?
William Honan's colleagues are Henry Hassan, Michael Diamond, Bhargavi G, Elijah Armstrong, Anna Shevchenko, Kunal Mishra, Mba, Marc Weiss.
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