Not exact matches
He also has experience representing lenders in foreclosure proceedings,
loan workouts, and restructuring
problem loans.
His experience also includes advising
loan originators and special servicers of securitized
loans in
workouts, restructuring and foreclosures of
problem loans.
He has worked extensively on
workouts of
problem commercial
loans on behalf of lending institutions.
• Successfully liquidated 11
problem loans totaling $ 2.8 M. • Managed the Debtor 1
workout from a $ 1.8 M deficiency in May 2005 to less than $ 100,000 by negotiating a structured liquidation and repayment plan.
Basically, a
loan workout is any resolution of a
problem loan between the lender and borrower that modifies the original
loan agreement.
You may try asking for the
problem loan department,
loan workout department, loss mitigation department, or foreclosure department.
Previously, Mr. Arnesen was a real estate Principal at J.P. Morgan Partners where he was directly involved in over $ 2.5 billion of acquisitions, and was in the real estate
workout group of Chase Manhattan Bank where he worked on over $ 10 billion of
problem real estate
loans and assets.
He began his real estate finance career with Citicorp as a member of the
workout team dealing with
problem real estate
loans in the early 1990's in Canada and the US.