Inglewood Engaged for Loan Workout Assistance at a Northeast Ohio Savings & Loan
Inglewood resolved a Northeast Ohio savings & loan's criticized loan portfolio within 12 months, sparing the bank from staffing up special assets.
A Northeast Ohio savings & loan engaged Inglewood to provide loan workout assistance on a specific portfolio of business banking and real estate loans within the bank's criticized loan portfolio. Bringing in Inglewood allowed the bank to avoid staffing up its special assets department.
A loan workout resolved in 12 months
Inglewood delivered monthly reporting to meet the bank's internal requirements and worked directly with the bank's clients to put repayment plans in place. Within 12 months the portfolio was resolved: the bank sold several of the loans, and the remainder were repaid through Inglewood-assisted liquidations.
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