03Sep
Acknowledging that defaults will occur, management should identify a strategy to exit nonperforming CI loans
Acknowledging that defaults will occur, management should identify a strategy to exit nonperforming CI loans Exit Strategy. In the recent financial crisis, community banks often found it difficult to quickly and profitably dispose of CRE acquired when a real estate borrower defaulted. However, it can be even more difficult to secure and then dispose of accounts receivable, inventory, or property and equipment acquired when a CI borrower defaults. (more…)
