Qorval Lender Services Update

April 8, 2012

Under the leadership of Keith M. Northern, Managing Director of Qorval’s recently created Lender Services Practice, impressive gains have been realized for clients.

Significant activities include:

  • Advising a $1B bank and its Board of Directors on establishing a Corporate and Industrial Lending practice. This included a thorough review of current practices, as well as the regulatory environment, to insure a cor
  • porate culture fit to complement existing successful activities.
  • A comprehensive review of the financial reports and sales records of an automobile dealership under an engagement by a $15B bank in order to recommend and institute policies and procedures to identify and correct a potential out-of-trust situation.
  • Exceeding expectations in conducting a Going Out of Business sale and liquidation of a sporting goods store as the court-appointed Receiver. Sales results (which exceeded $3MM in a two week period) were significantly higher than projected. This resulted in the senior lender being paid in full and monies available for trade creditors.

All within the first six months of operation!

Operating from the Qorval Lender Services office in Philadelphia, Mr. Northern and the Qorval team of professionals are creating a strong track record of results in restructuring, refinancing, problem assessment and resolution, as well as receivership and liquidating trustee oversight.

Qorval, which was formed in 2003 and is based in Naples, FL, specializes in providing hands-on expertise to underperforming companies, both domestic and international. Specific areas of experience include investment platform build-outs, financial advisory services, turnarounds and workouts, crisis and interim management, business systems and process optimization, mergers and acquisition integration, operational due diligence and restructuring counsel.

For more information about Qorval: www.qorval.com

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