Oak Asset Management LLC assists institutional and business clients in optimizing the investment return on their portfolios.
We work with clients to formulate and implement solutions where a borrower’s repayment capability is impaired and seek to minimize loss and maximize recovery for our client.
We also offer additional support services that include ongoing review and analysis of a borrower’s financial operations, monitoring compliance with our client’s credit covenants and realizing economic value from previously charged off debt.
These services permit a client to remain focused on its core business and to potentially recognize recovery on assets deemed to no longer have value.
Oak Asset Management Strategy In conjunction with and at the direction of our client, Oak Asset Management is very proactive in the resolution process.
We initially meet with our client to understand the underlying credit transaction and current market dynamics and discuss mutually acceptable resolution approaches and parameters. We also meet with our client’s customer to evaluate and understand the company’s business, operations, market position and strategy. We then compile and analyze the necessary financial data to evaluate a borrower’s business operations and financial condition in order to establish repayment capability and business value. Throughout our evaluation process, we keep our client informed of any material changes in a borrower’s business condition and collateral value. On a monthly basis, we prepare for our client a monthly Asset Management Report to update the status of each asset under our management.
At the conclusion of our due diligence process, we prepare and present to our client a comprehensive and detailed Resolution Plan (the “Plan”) which includes our resolution recommendation. Upon our client’s authorization, we will either legally document the approved Plan or commence litigation, as appropriate.
Client Benefits The Oak Asset Management approach offers the following benefits to our client: ØWe provide an unbiased and realistic assessment of a borrower’s current financial condition since we are an independent third party with no financial interest in the transaction.
ØOur experience and expertise in asset management, commercial loan origination and credit administration together with our ability to work effectively with other professionals and rating agencies insure timely and cost efficient asset resolution.
ØWe reduce a client’s risk of funding additional loans or advances which do not enhance the value of an asset resolution.
ØOur client remains fully informed during all stages of the resolution process through ongoing discussions and with current and concise monthly reports for each asset under management.
ØOur ongoing analysis and review of a client’s financial performance and loan compliance permit our client to remain focused on its core business while simultaneously monitoring the credit quality of its portfolio assets in a cost effective manner.
ØOur ability to recognize value in previously charged off debt enhances the overall return on our client’ portfolio.
Experience The company’s principals have directly resolved over $800 million in impaired loans during the past five years. Resolutions have included loan restructures and asset sales together with active management and participation in receiverships, foreclosures and bankruptcies.
We have developed and utilized a proprietary network of specialists such as appraisers, receivers, attorneys, environmental specialists and real estate investors and proprietary software that enable us to professionally and economically manage assets and maximize resolution value for our client.
For additional information about our services, please call our office or complete the form below. Oak Asset Management LLC 257 Knoll Drive Park Ridge, New Jersey 201-573-1314
