Testimonials
QUALIFICATIONS & EXPERIENCE
As a Loan Officer, Department Manager, and Chief Credit Officer, Steve Odenkirk has worked in commercial banking for over forty years in local, regional, and national banking institutions. Beyond these more traditional loan production and credit positions, he has also been a commercial loan workout specialist for both lenders and borrowers. His experiences range from traditional C & I credits to all types of commercial real estate loans including land development, homebuilding, commercial construction, and permanent financing in the life insurance and conduit markets. In his numerous banking positions he has dealt directly with banking regulators from both the OCC and the FDIC through numerous audits.
“I was seeking a large construction and mini-perm loan on a 120,000 sq ft corporate headquarters property … The resulting loan proposals were significantly better than any we had been able to secure on our own. … I have secured over $57 million in commercial real estate loans using Steve Odenkirk as my mortgage / loan broker. … I have found his intimate knowledge of commercial real estate finance, both construction and permanent loans, to be quite deep.”
Andrew Briefer – Investor/Developer – INDEVCO Partners, Inc.
“I am delighted to recommend Steve Odenkirk and his firm, Peritus, to serve as financial and business advisors for companies that are seeking financial restructurings and strategic alternatives. … He has the uncanny ability to obtain for its clients financial results that generally are much better than I would expect.”
John Clemency – Bankruptcy Attorney – Gallagher and Kennedy
“At that time my firm had over $20 million in debt due to 13 vendors. … I was introduced to Mr. Odenkirk as a “workout consultant”. From that point forward he has been an integral part of our overall financial “team”. He has provided insight, expertise, and negotiation strategy in a wide variety of areas.”
Jeff Bleecker – Business Owner – Arizona Equipment Rentals (Volvo Rents franchisee)
My firm has engaged Peritus on two commercial finance matters in the past twelve months. … His depth of knowledge as to commercial loan underwriting, documentation, and a wide array of foreclosure and other related workout subjects is clearly evidenced in those reports. We would certainly consider engaging Peritus for similar projects in the future.”
Pat Lopez – Commercial Litigation – Attorney – Principal – Rusing, Lopez and Lizardi, P.L.L.C.
“As a Creditor, my recent experience with Steve was most positive. He brought a level of professionalism and workout experience to our negotiations that far surpassed what the typical middle-market commercial borrower has available. Having a seasoned workout loan officer and former Chief Credit Officer representing the borrower dramatically improved the overall efficiency of the debt restructure negotiations.”
Mark Farr – Vice President – Canyon Community Bank
“Our bank needed an interim Chief Credit Officer and Loan Department Manager. We were fortunate to have Steve Odenkirk of Peritus Commercial Finance LLC referred to us. Over the past five months Steve has worked closely and cooperatively with our Senior Management team, Loan Committee, Loan Officers, and the entire bank staff to stabilize and improve our overall commercial loan function.”
John S. Lewis – President & CEO – Commerce Bank of Arizona
“Steve’s experience as a commercial lender, commercial mortgage broker, and chief credit officer have all benefitted me and my firm. He has been able to work with our lenders from a “positive” vs. a “negative” position. He helped us to assemble a plan to restructure our debt that addressed many of the lenders concerns. He has brought lenders on-board as cooperative participants in our prospective restructure.”
Ted Dunlap – Vice President – Dunlap Oil Company
“This loan was exactly what we needed and you are. The only one who could have carried it to the finish line. As you know our previous experience applying for a loan on this project was terrible. We ended up losing a lot of time and money in fees that became a sunk cost, so we were very hesitant to go through this process again, but you guided us through every step of the way and we could not have done it without you.”
Marcel Dabdoub – Galeria de Coronado Signature Rentals
“He was able to produce complicated cash flow scenarios for both our purpose and the bank. Because of his long time associations with different types of lending institutions, he is fully aware of what they most likely agree to. We found him to be an excellent negotiator and representative for our firm. His integrity and willingness to get the difficult jobs done speaks to his ability to perform in difficult situations and at the highest standards.”
Louis B. Christensen – Vice President – Western Land Investments, Inc.
“Steve Odenkirk worked as a contract employee at BOK Financial, formerly known as BOKF, NA dba Bank of Arizona, through Peritus Commercial Finance LLC from June 2008 through September of 2010. As a workout loan officer in the Tucson office, he interacted directly with both the Market Manager and the headquarter Credit Administration Department on a portfolio of problem assets comprised principally of commercial real estate loans of $1MM – $5MM. He worked directly with clients to develop strategies for resolution including foreclosure, deed-in-lieu, and/or restructure. Further, he performed analysis and made recommendations as to the viability and/or desirability of pursuing guarantors. The portfolio he managed included numerous personal and commercial bankruptcies. As an Executive at BOK Financial, I had knowledge of Mr. Odenkirk’s performance and can attest to the fact that he was considered as a most capable workout officer whom I would welcome the pleasure of working with again.”