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#1: CRE Triage as we Dip into the Recession | Rick Chess

Credit Risk Ready

Release Date: 06/01/2020

#4: A Business Path Through the Recession | Bill Conerly show art #4: A Business Path Through the Recession | Bill Conerly

Credit Risk Ready

Practical steps a business owner should consider to plan, to respond quickly and to move forward through the recession. A four-plan approach to conquering the fear and moving forward. Thought-provoking questions the banker can ask to help your business borrowers move in the right direction. And are you ready for the questions the business might plan to ask you?

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#3: The Square Root Recession | Bill Conerly show art #3: The Square Root Recession | Bill Conerly

Credit Risk Ready

Not a V, not a U, not a W. Economist Dr. Bill Conerly predicts a square root. When economists vary in their predicted drop in GDP from 57% drop to an 8% drop, learn what Bill is watching to predict the next phase as circumstances change.

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#2: First Steps from CRE Triage to Performing Loan | Rick Chess show art #2: First Steps from CRE Triage to Performing Loan | Rick Chess

Credit Risk Ready

In the triage process, you will identify CRE loans that might be in jeopardy but can be saved. In this episode, we key in on your first steps to keep a troubled deal in the performing loan column.   Topics discussed in this episode: 4:39 Start with what stays the same 5:27 You are transforming the relationship 8:04 You can learn things from talking to your borrowers that you never learned in college 11:04 Ethical flirting. How to capture their attention 12:56 An alternative use of space 14:14 Widen focus from survival to opportunity 18:25 It feels really good to be in play right now. ...

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#1: CRE Triage as we Dip into the Recession | Rick Chess show art #1: CRE Triage as we Dip into the Recession | Rick Chess

Credit Risk Ready

Some commercial real estate deals can be saved as we enter the recession caused by the global coronavirus pandemic. Some deals cannot be saved. What questions should lending and credit professionals ask, and who should ask them, to determine whether a deal is in trouble, or will be.

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More Episodes
Some commercial real estate deals can be saved as we enter the recession caused by the global coronavirus pandemic. Some deals cannot be saved. What questions should lending and credit professionals ask, and who should ask them, to determine whether a deal is in trouble, or will be.
 
Topics discussed in this episode:
3:29 Information bankers cannot access now
7:29 Restrictions based on the CRE deal structure
12:07 Get on the phone
14:35 What should scare the lender?
19:12 Who should make the call?
20:33 An opening the borrower will appreciate
 
About Rick Chess:

Rick Chess guides individuals and organizations through triage, transformation and triumph!

Chess works with lenders, owners and investors to help them better understand their challenges and options, in clear concise language. He served as a member of the Pennsylvania General Assembly and as President of REISA (now ADISA), a national alternative investment trade association.

He acquired 50,000 apartments and 10 retail centers for United Dominion Realty Trust (UDR), investing over $2 billion. Rick also helped develop and take public – as a founding board trustee -First Potomac Realty Trust (FPO) and served its Audit Committee Chair.

He serves as a transactional attorney, focused on commercial real estate, equity formation and capital gains tax planning.

Write him at Rick@ChessLawFirm.com with a summary of your challenge. He will arrange a free 20-minute consultation, providing specific steps to start your process of triage, transformation and triumph!

www.ChessLawFirm.com

(804) 241-9999

Rick@ChessLawFirm.com