Workout Assistance

Durkin Group helps lenders with customers who are in default or showing signs of financial weakness. Knowing that any delay is potentially costly, our team of experienced professionals will quickly determine collateral sufficiency or available cash flow for loan repayment. Our efficient and cost-effective solutions include ongoing support to special assets managers and workout officers overseeing the restructuring or liquidation of the lender’s customer.

Durkin Group’s workout assistance services are based on agreed upon procedures and can include:

  • Onsite monitoring of a borrower including collateral monitoring. The monitoring can be periodic visits, or a continuous onsite presence.
  • Our flash reports provide regular updates of key data and loan-to-collateral values to keep lenders apprised throughout the month and they include key matrices providing lenders a quick snapshot of borrower performance.
  • In-depth analysis and recommendations for reducing potential losses.