Session Presenters
Jon Winick
CEO
Clark Street Capital
Jim McAlpin
Board Member
Bank Director
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About the presenter
Presented by
Jon Winick
CEO
Clark Street Capital
Jon Winick is CEO of Clark Street Capital. In October 2008, at the height of the financial crisis, Mr. Winick had the courage and vision to start the firm, leaving his career as a bank executive. Overcoming enormous obstacles and limited resources, he saw the opportunity to establish a leading bank advisory and loan sale firm, sensing a void in the marketplace of firms with real-world banking, loan and real estate experience. A born entrepreneur, Mr. Winick has successfully started or turned around three different companies.
Before starting Clark Street Capital, in 2004, Mr. Winick and a partner acquired and stabilized a distressed student housing portfolio in one of the best student housing markets in the country featuring a favorable tax and pro-landlord environment, strong growth prospects, low unemployment, and significant barriers to entry. In June 2017, Mr. Winick exited the business, achieving a double-digit after-tax IRR, which well-exceeded the S&P 500 and other indices.
Mr. Winick currently serves as chairman of Somercor 504, Inc., the leading Chicago-based SBA 504 loan originator. He played an instrumental role in turning around the organization and it is now one of the leading SBA lenders nationwide. He is a nationally recognized expert and leader in the SBA 504 and 7(a) lending programs and economic development.
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About the presenter
Presented by
Jim McAlpin
Board Member
Bank Director
Jim McAlpin has over thirty five years of experience in advising leaders of financial institutions and boards of directors on strategic, regulatory and corporate governance matters. His corporate governance expertise is based on decades of being in board rooms to assist clients with mergers and acquisitions, capital and debt issuances, strategic planning and succession planning. Jim has deep understanding of the duties, responsibilities and fiduciary obligations of directors and an ability to explain these duties in plain English. A passion for Jim at this stage of his career is helping good boards become great boards through a process of learning, engagement and intentional choices.
Jim currently serves on the board of Bank Director. He also serves on the boards of two mid-sized banks. He is a nationally recognized speaker at financial industry conferences and contributes regularly to publications on bank and corporate governance related topics. He is often quoted in banking industry publications.
Jim served as Chairman of Powell Goldstein LLP from March 2004 until its combination with Bryan Cave LLP in January 2009. He subsequently served on the Executive Committee of Bryan Cave until October 2014.
Jim was the leader of the firm’s Banking Practice Group from 2011 until 2022. He received a J.D. from the University of Alabama in 1984, where he was an editor on the Alabama Law Review, and graduated, cum laude, from the University of Alabama in 1981 with a B.S. in Business Administration.
Breakout 3: Navigating CRE Market Shifts: From Credit Stress to Lending Solutions
With the 10-Year Treasury in the mid-4’s and the Fed keeping rates elevated for longer, commercial real estate is experiencing stress, but the gloom and doom narrative from the financial press has not materialized. Q1 bank earnings showed increased stress in CRE portfolios, but delinquencies are still low by any measure and the US economy continues to outperform. What happens next – is this the tip of the iceberg or can we thread the needle?