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Episode 14 - Jon Winick

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Manage episode 181764688 series 1348082
Content provided by Clark Hill PLC and Phillip Coover. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Clark Hill PLC and Phillip Coover or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Distressed Debt. Debt buying is a multi-billion dollar industry that operates largely under the radar. Phil has Jon Winick of Clark Street Capital come on to discuss the business side of debt purchases and sales, the industry, and how it all works. As it turns out, all banks sell loans. There are professional loan buying companies, private equity groups, and individual investors, out there that purchase loans to restructure (i.e. workout) loans and enforce delinquent debt. Jon talks about the process and costs of loan management, the reasons for selling loans, the purchasers in the market, and the opportunities available for loan purchasers. Jon also gets into the 2008 downturn, the consequences on the banking industry, and how that changed the loan sale industry. Clark Street Capital puts debt sellers and buyers together and creates a market for these transactions. Their primary business is value management and sale of complex loan portfolios by selling loans and valuing loans.

Learn More about Clark Street Capital here.

Link to FTC report (The Structures and Practices of Distressed Debt Buying Industry) mentioned on podcast can be found here.

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

  continue reading

80 episodes

Artwork

Episode 14 - Jon Winick

Real Estate for Breakfast

0-10 subscribers

published

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Archived series ("Inactive feed" status)

When? This feed was archived on August 15, 2023 02:31 (1y ago). Last successful fetch was on June 27, 2023 04:08 (1y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 181764688 series 1348082
Content provided by Clark Hill PLC and Phillip Coover. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Clark Hill PLC and Phillip Coover or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Distressed Debt. Debt buying is a multi-billion dollar industry that operates largely under the radar. Phil has Jon Winick of Clark Street Capital come on to discuss the business side of debt purchases and sales, the industry, and how it all works. As it turns out, all banks sell loans. There are professional loan buying companies, private equity groups, and individual investors, out there that purchase loans to restructure (i.e. workout) loans and enforce delinquent debt. Jon talks about the process and costs of loan management, the reasons for selling loans, the purchasers in the market, and the opportunities available for loan purchasers. Jon also gets into the 2008 downturn, the consequences on the banking industry, and how that changed the loan sale industry. Clark Street Capital puts debt sellers and buyers together and creates a market for these transactions. Their primary business is value management and sale of complex loan portfolios by selling loans and valuing loans.

Learn More about Clark Street Capital here.

Link to FTC report (The Structures and Practices of Distressed Debt Buying Industry) mentioned on podcast can be found here.

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

  continue reading

80 episodes

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