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 is a board member at Bank Director. He has over thirty years of experience in advising leaders of privately held companies in the areas of corporate and business law, strategic matters and dispute resolution. In addition to his work in the financial services industry, he has extensive experience in representing private companies, including family-owned entities, in connection with board consulting, strategic planning, capital and acquisition strategies, and dissident shareholders. He counsels private companies and banks on corporate governance matters, regulatory issues, mergers and acquisitions, strategic advice and succession planning.
Mr. McAlpin has deep expertise in the duties, responsibilities and fiduciary obligations of corporate directors and he regularly represents boards of directors and special committees. He is a nationally recognized speaker at financial industry conferences and contributes regularly to publications on bank and corporate governance related topics. He is also often quoted in banking industry publications.
Mr. McAlpin 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.
Mr. McAlpin was the leader of the firm’s Banking Practice Group from 2011 until 2021.
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?