|
Prior to joining BFG, Mr. Narsutis spent 5 years at Finova Capital Corporation as a Senior Vice President liquidating over $3 billion of lending products that included cash flow, asset based, mezzanine, real estate, communication, M&E leases, rediscount, and franchise loans. Prior to Finova, he spent four years at Heller Financial holding various credit positions, with his last assignment as the Team Leader of Workouts for the restructured Corporate Finance business unit. Mr. Narsutis’ experience in underperforming credits dates back 17 years during his tenure at Fremont Financial. His troubled loan activities include debt restructuring, out-of-court arrangements (Assignment for the Benefit of Creditors or foreclosure sales), bankruptcy proceedings (confirmation of plans, conversions to chapter 7, conducting 363 sales) and asset liquidations. In addition to his insolvency work, Mr. Narsutis developed and founded Heller’s small, asset-based group; was a member of Heller’s five-month restructure project that lead to the combination of three business groups (representing over $2 billion in funds employed); and participated on two due-diligence teams that represented key acquisitions for Fremont Financial. Prior to his asset-focused lending, he underwrote and managed cash-flow transactions for GE Capital dating back to 1984. | 