Crossroads Credit and Portfolio Management LLC - Loan Review and Risk Management Specialist Interim CCO. Workout and Liquidation Consultants for community and regional banks in the South and Southeast.
What We've Achieved

Richard D. Burleson Crossroads Credit and Portfolio Management LLC

Look Before You Leap

The Bank was $250M in second position on raw land in a growing area. The first was $400M.

Although the tract was four acres, the appraisal indicated only .5 acres was buildable to due to wetlands.

Property was selling for $600M/acre.

This looked like a big loss.

We did a physical inspection of the property and noticed the high water mark for the wetlands was well down the slope on the property.

An inquiry with the county planning department and a few conversations with an engineer familiar with the site revealed there could be as much as 1.8 acres buildable.

The Bank foreclosed and the property was sold at almost $200M profit.

In each case study, we were able to assist our client Bank from experiencing significant losses. In each case, the Bank's management would have gone in a different direction had Crossroad Credit and Portfolio Management LLC not been involved.

Crossroads Credit & Portfolio Management LLC   |   PO Box 743   |   Elkin, NC 28621   |   336-366-7700