A Better Way to Manage Problem Loans

Global Financial Consulting LLC (“GFC”) lead by its founder and President Mark Barra of Sandy Hook, Connecticut, recently announced the expansion of its problem loan advisory group targeted specifically at the community and local banking industry to provide assistance with the management of commercial/business loan portfolios.  The group has grown out of three building trends we have observed as long time bankers:

Ø  Community and local branches of multi-national banks are doing more commercial lending than ever before.  Not only is volume growing, but so are deal sizes and the level of sophistication in structure and security. 

Ø  Collecting impaired loans and managing troubled portfolios is time consuming, frustrating and usually unprofitable for a financial institution.  Proper and timely problem loan management takes senior management and lender resources away from the business of growth.  

Ø  The banking industry is growing more comfortable with outsourcing specialized expertise and recognizing its benefits.  

Our area of expertise is commercial problem loan management.  Our team members each have over twenty years experience managing over $10 billion of troubled portfolios worldwide.  We provide banks with a professional, experienced loan workout capability formerly reserved for all but the largest financial institutions that could justify full time, in-house loan workout departments.  Our staff will enable your institution to maximize its return on its troubled loans and our results will pay for themselves many times over.

Problem loan management is always best handled in a team approach and our staff becomes an integral member of your team.  

Ø  We meet with you to understand your portfolio objectives.

Ø  We define the process to meet your objectives in a timely and cost effective manner.  

Ø  We help you obtain the results you want.   Our involvement is what you decide best fits your needs.  For example, 

ü  We provide consultation services on specific accounts

ü  We will manage your entire portfolio of troubled clients

ü  We can take the lead in working with your problem borrowers or work behind the scenes with your staff 

Global Financial Consulting and Mark Barra provides a full range of loan workout services.  These services include:

Ø  Assess the quality of existing portfolios

Ø  Develop and implement effective workout / restructuring strategies

Ø  Analyze your borrowers’ business to define all risks and opportunities as well as the current and future viability of this business

Ø  Provide detailed pro forma cash flow and financial analysis  

Ø  Perform full collateral evaluations and inspections

Ø  Conduct on-site project management

Ø  Define staffing required to manage existing loan portfolios  

Ø  Provide complete turnaround management services including temporary placement of corporate officers if required

Ø  Offer active and professional representation on bank group credit committees

Ø  Manage post-judgment collection process

Ø  Provide access to a worldwide network of sources for the liquidation of any type of collateral 

Ø  Manage the bankruptcy / insolvency process working closely with legal counsel 

Ø  Provide portfolio and corporate sale advisory services

Ø  Deliver frequent and detailed client reports

Ø  Provide training to both lending and workout personnel

Ø  Design and implement a loan workout/special assets group for your bank.  

There are several benefits of working with Global Financial Consulting:

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Ø  We allow your lending and relationship management team to focus on their primary mission of developing new business and fostering profitable existing relationships

Ø  We provide you with a professional loan workout capability on an as-needed basis without having to add to full time staff

Ø  We provide you with a timely and objective resolution plan for each account with a single minded goal of maximizing recovery and minimizing collection expense

Ø  Our vast experience in liquidating all types of collateral, including very specialized collateral worldwide,  means we will get you higher prices in a shorter time frame than your in-house staff can achieve

Ø  Our active management of your problem accounts means lower legal fees as time stressed lenders often simply allow the attorney to manage the account.  Our experience in holding legal counsel to strict budgets (approved by our clients) and timetables provide for lower collection expenses and greater recovery for our clients.

If you would like more information on how we can work together please give Mark Barra a call or drop me an email and we can set up a convenient time to get together.

Tel:       203.434.1042

Email:   markbarra@gfcllc.com

Web:    www.gfcllc.com

SUCCESFUL INTERFERRY CONFERENCE CONCLUDES

Having been in the financial industry for over thirty (30) years, Mark Barra serves as managing director of Global Financial Consulting, L.L.C., a U.S. based but internationally focused consulting firm specializing in common sense turn around management.  Significant experience  in transportation, more specifically Marine transportation, Mark Barra has been a frequent speaker worldwide at trade association events such as Interferry, the World Business Forum and others.  Interferry just recently concluded yet another successful conference held October 5-9, 2019 at the InterContinental, London UK also known as the O2.   The event broke all records in attendance and brought together delegates from over 260 operating companies for 5 days of education and provocative discussion on the issues confronting the industry worldwide.  Highlights of the conference included a Keynote presentation from David Rowen, a writer focused on corporate innovation as well as Guy Platten, secretary-general of the International Chamber of Shipping.  The 2020 conference is scheduled for October 2020 in Hobart Australia.  More information is available at interferryconference.com

Interferry to Partner With Mercy Ships

Cargo Port
Photo by chuttersnap on Unsplash

As founder and president of Global Financial Consulting in Sandy Hook, Connecticut, Mark Barra works with troubled companies to help them restructure and regain profitability. In his financial consulting work, Mark Barra has significant experience partnering with a variety of ferry companies, and is a frequent speaker at Interferry conferences.

A Global Trade Association representing the ferry industry, Interferry recently announced an upcoming partnership with Mercy Ships. Mercy Ships is an organization that uses hospital ships to bring health care services, sustainability, and development to countries and areas with little access to health care in the developing world. Originally founded in 1978 by Don and Deyon Stephens, Mercy Ships has reached more than 70 countries around the world, providing services with a value of more than $1.53 billion dollars.

By partnering with Interferry, Mercy Ships will gain important exposure with members of the ferry industry around the world. Interferry will highlight the work Mercy Ships does at its upcoming annual conference in October, increasing the organization’s visibility and promoting the need for maritime volunteers on board the Africa Mercy.