Capital and Asset Sale Initiatives
Community bank capital raising has never been more challenging, with capital investors demanding substantial discounts on non-performing asset portfolios. Similarly, the bid ask spread in the secondary loan and REO markets is historically wide. Loan Workout Advisers bridges these gaps through our industry leading credit risk and real estate analytics, which enable our bank clients to fully and credibly articulate non-performing assets and NPA portfolios and to set and defend their value to fickle capital, secondary loan and REO markets.
We bring an extensive network of capital sources and asset buyers to the table and also have a long history of working cooperatively with best-in-class investment banking, loan sale advisory and real estate brokerage service providers. Whether working alone or with other advisors, our involvement maximizes the value of even the toughest assets and is often the difference between success and failure.
Recapitalization and asset sale successes in the current market cycle are many and include the supervisory conversion and recap of Family Federal Savings of Illinois in July of 2010 (the first supervisory conversion in the state in 20 years). At June 30, 2010, just prior to being saved, the bank reported the highest Texas ratio in the state of Illinois at 987%. We are not aware of any firm that has successfully recapitalized a bank in the current market cycle anywhere nearly as distressed as Family Federal.
