Mike Flanagan
Market Manager at Great Southern Bank- Claim this Profile
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Bio
Experience
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Great Southern Bank
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United States
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Banking
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500 - 600 Employee
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Market Manager
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Aug 2018 - Present
Greater Atlanta Area Atlanta based loan production office specializing in income property finance with an emphasis on construction and term lending. Will entertain loans greater than $2MM with a broad focus on multifamily, office, retail, industrial and hospitality.
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Regions Bank
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United States
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Banking
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700 & Above Employee
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Senior Vice President - Income Property
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Apr 2012 - Jul 2018
Atlanta GA Atlanta based income property loan origination, administration and management with an emphasis on new construction and relationship building. * Originated over $550 Million in multi-family, hotel, office and retail loan commitments * Portfolio outstandings increased from $100 million to $550 million
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Senior Vice President - Special Assets
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Oct 2008 - Apr 2012
Atlanta, GA Atlanta CRE point of contact responsible for the identification and reduction of under performing assets. Liaison between line and credit to manage substandard and or potential substandard credits with an emphasis toward resolution. * $210 Million Worked Out/Restructured – 11 Credits * $863 Million Notes Sold – Captured 65% Legal – 89 Credits * $51 Million in Managed Bankruptcy – (1) Four Property Credit * $36 Million Foreclosed – 4 Credits * $22 Million Receiver Appointed – 2… Show more Atlanta CRE point of contact responsible for the identification and reduction of under performing assets. Liaison between line and credit to manage substandard and or potential substandard credits with an emphasis toward resolution. * $210 Million Worked Out/Restructured – 11 Credits * $863 Million Notes Sold – Captured 65% Legal – 89 Credits * $51 Million in Managed Bankruptcy – (1) Four Property Credit * $36 Million Foreclosed – 4 Credits * $22 Million Receiver Appointed – 2 Credits
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Senior Vice President - Income Property Group
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Apr 2000 - Oct 2008
Atlanta, GA Atlanta based income property loan origination, administration and management with an emphasis on new construction and relationship building. * Originated over $1 Billion in loan commitments covering all property types * Portfolio outstandings increased from $100 million to $500 million
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Vice President/Branch Manager
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Jan 1999 - Apr 2000
Atlanta, GA Manage the Atlanta based production platform on behalf of GMAC Commercial Mortgage. Responsibilities include the staffing and management of an origination team charged with identifying and sourcing income property opportunities towards CMBS and life company placement. *Placed $100 million in CMBS and balance sheet debt
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Investment Director
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Jun 1994 - Dec 1998
Atlanta, GA Southeastern regional underwriter responsible for originating, negotiating and underwriting new mortgage loans while monitoring and evaluating portfolio performance. Charged with reviewing and making recommendations to senior management regarding action on activity relating to existing as well as new business. *Originated and funded $200 million in new business *Reduced under performing assets to within 1% of assigned portfolio
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Director
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Dec 1992 - Jun 1994
Atlanta, GA Southeastern regional manager responsible for a $250 million real estate and investment portfolio located throughout Florida, Georgia, Texas, and Louisiana. Primary focus on identification and reduction of under performing assets with minor emphasis on business origination. Overall portfolio balanced between multi-family, office, retail, industrial, and hospitality. Experience includes loan origination, financial analysis, construction administration, bankruptcy, foreclosure, joint venture… Show more Southeastern regional manager responsible for a $250 million real estate and investment portfolio located throughout Florida, Georgia, Texas, and Louisiana. Primary focus on identification and reduction of under performing assets with minor emphasis on business origination. Overall portfolio balanced between multi-family, office, retail, industrial, and hospitality. Experience includes loan origination, financial analysis, construction administration, bankruptcy, foreclosure, joint venture, sales, leasing and management. *Identified and reduced $100 million in under performing assets to below $10 million *Underwrote and closed six transactions totaling $42 million among three purchase money mortgages and three refinances *Sold investment property and mortgage loans totaling $18.2 million *Maintained portfolio profit and loss within 5% of projected budget
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Investment Manager
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Aug 1989 - Dec 1992
Plantation, FL Managed a $200 million real estate portfolio with properties located in Fort Lauderdale, Miami, West Palm Beach and Tampa. Initial focus on business procurement with emphasis on targeting and maintaining top tier relationships. Responsibilities realigned toward troubled debt exposure and investment recovery. *Originated and funded $100 million in new business *Negotiated and administered $30 million deed in lieu/workout renovation, which included a $2 million capital improvement… Show more Managed a $200 million real estate portfolio with properties located in Fort Lauderdale, Miami, West Palm Beach and Tampa. Initial focus on business procurement with emphasis on targeting and maintaining top tier relationships. Responsibilities realigned toward troubled debt exposure and investment recovery. *Originated and funded $100 million in new business *Negotiated and administered $30 million deed in lieu/workout renovation, which included a $2 million capital improvement program *Restructured seven property, $60 million relationship
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Education
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University of South Florida Muma College of Business
BA, Finance