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What They Say...... "Doug possesses and displays, without exception, the highest level of professional judgment, ability and integrity, a level rivaled by few and surpassed by none."
..."he was relentless in his organized pursuit of alternative workout/ foreclosure possibilities, and in the end, he was able to achieve fantastic returns for GE Capital"
...“I would strongly recommend Doug Goldrick for any company looking to maximize collection recoveries."
...“Respected reasonable business man and tough minded adversary when necessary – he gets results.”
...“His track record of recoveries is nothing short of astonishing.”
...“Doug is the best loan workout guy I have ever worked with”
...“He is a skilled negotiator and gives the term "PUSH BACK" a new meaning.”
"He is knowledgeable, practical and efficient. He is a great work-out person."
..."His strategic planning and tactical thinking are among the best I have seen." |
DEAL HIGHLIGHTS
Dec. 20, 2013 - I am pleased to announce the purchase of a $2.7 million pool of performing real estate loans from a regional U.S. Bank.
October 1, 2012 - I am pleased to announce the purchase of a $3.1 million pool of 14 non-performing real estate loans from a regional U.S. bank
July 1, 2012 - I am pleased to announce the purchase of a $4 million pool of 20 non-performing real estate loans from a regional U.S. bank.
September 1, 2010 - I am pleased to announce the purchase of a $24 million pool of 465 loans from a major U.S. bank.
October 1, 2009 - I am pleased to announce the purchase of $6.3 million pool of more than 100 non-performing loans from a major U.S. bank.
2006 – 2009 Directed and managed the liquidation of a $200 million dollar judgment /charge-off portfolio generating $57 million in revenue and nearly $15 million in profits for the company.
2002 – 2006 Instrumental in re-purchase claims against Wall Street firms generating $25 million in recoveries. Identified breaches in loan documents leading to conversion of non recourse loans to recourse mitigating $10 million of loss exposure. Recovered $800 thousand of funds taken prior to appointment of receiver. Executed pre-judgment remedy that captured $1.25 million of cash and marketable securities.
1993 – 2002 Managed a portfolio of $500 million of real estate loans that were in foreclosure and bankruptcy and resolved/settled them generating $100 million in gains for the company. Negotiated a $60 million dollar payoff generating a $14 million dollar profit for the company. Strategically avoided “cram down” on $50 million dollar Chapter 11 matter leading to ownership of eleven grocery store anchored shopping centers. |
Financial Asset Recovery SpecialistsThe CompanyDMG was formed in August of 2009 by Douglas M. Goldrick, CPA to initially provide private investors, opportunistic funds and financial institutions a boutique third party special servicer alternative that provides superior service while generating exceptional results for non-performing commercial real estate loans and judgment collections. The company quickly evolved into a captive servicing and loan acquisition platform that involved underwriting offerings marketed by loan sale advisors throughout the U.S. The first acquisition was made in September of 2009 at which time the core investment team was identified to assist in funding of the transaction. Additional acquisitions occurred in 2010, 2012 and 2013. Mr. Goldrick was a major investor in the initial pool as well as subsequent pools that were purchased. DMG entered into special servicing agreements with each special purpose entity that was set up in conjunction with each acquisition. Investors have been especially interested in participating in future acquisitions knowing that Mr. Goldrick has such a large stake in each of the pools that are purchased. In addition the impressive returns have demonstrated the depth of Mr. Goldrick's experience in not only underwriting and formulating bids on the pools but more importantly converting the assets into cash by maximizing recovery, maintaining cost controls and compressing the collection cycle time. In October 2012 Amanda M. Goldrick joined DMG as Senior Asset Manager and Controller to assist with the rapid growth the company has experienced. Ms. Goldrick's nearly five years of Senior Internal Auditor experience at a major Dallas financial services investment firm along with her BBA with a concentration in accounting from Texas Tech enables her to significantly contribute to DMG. Ms Goldrick's responsibilities include loan and REO strategic planning involving interaction with borrowers, legal counsel, brokers, buyers, etc. that lead to asset liquidation, modifications or hold scenarios. Additionally, she will be responsible for all accounting functions including financial reporting, cash flow management, receipts, disbursements, loan servicing duties as well as tax reporting and collateral insurance and property tax administration. In addition Ms. Goldrick will provide underwriting services for prospective loan pool acquisitions and participate in bidding strategies and pool take-downs. Ms, Goldrick's contact information is amgoldrick@sbcglobal.net and her phone number is (469) 766- 1929. References- to view the documents below, click the links provided.
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