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We run a commercial recovery agency out of Minneapolis. A large percentage of our portfolios have been affected by both hurricanes. Currently we've placed a moratorium on the recovery of these accounts and intend on doing so for the next thirty days. After the hold we intend to ramp up recovery efforts keeping in mind that these businesses have all had an interruption in cash flow.
I'm wondering what other lenders and industry professionals are doing as it relates to those affected by the hurricanes and fires for that matter.
Jason E. Stevens
Special Handling Liason
Dedicated Commercial Recovery Inc.
www.dedicatedcri.com
651-829-2697
I'm wondering what other lenders and industry professionals are doing as it relates to those affected by the hurricanes and fires for that matter.
Jason E. Stevens
Special Handling Liason
Dedicated Commercial Recovery Inc.
www.dedicatedcri.com
651-829-2697
