Donald Altemus
Stuart,FL
Summary
I have 53 years of working experience in underwriting loans in the areas of commercial and residential real estate, including complex condominium lending, business (assets and inventory), and installment lending, including exotic collateral instruments, for state and national banks with locations in South Florida. I also have extensive experience in collections, residential and commercial foreclosures, and in working with bank attorneys to liquidate defaulted assets. For the majority of my professional career, I held the position of Vice President or Senior Vice President in the financial institution with which I was employed. Since retiring from full time employment in 2022, I have continued to be actively engaged in commercial real estate lending as a consultant for James F. Perry & Co., a South Florida based mortgage broker serving a national market. I have been involved as a lending officer interfacing with bank attorneys in litigation related to commercial and residential lending matters, particularly foreclosures, throughout my career.
Overview
1
1
Certification
Work History
Assistant Cashier, Assistant V.P., V.P.
City National Bank of Miami
Miami, Florida
1969 - 1980
- 1969-1980: City National Bank of Miami, FL
- 1969-1975: Assistant Cashier, Vice President
- 1975-1980: Credit Origination
- 1978: Opened Branch as Lender, Managed Branch, developing loan portfolio.
- 1980-1981: Vice President - First State Bank, Miami, FL
- 1981-1982: Barnett Bank (Merger)
- 1982-1983: Nations Bank (Name Change)
- 1983: Bank of America (Merger)
- 1983-1986: Vice President, Skylake Bank, Miami, FL
- 1986-1990: Senior Vice President, Branch Manager, Regional Loan Officer - Pan American Bank
- 1990-2014: Senior Vice President, Executive Vice President of Commercial lending - MetroBank of South Dade, Miami, FL. V
- 2014-2015: Senior Vice President - The Bank of Coral Gables bought by First American Bank (Chicago), Miami, FL
- 2015-2022: Senior Vice President - First National Bank of South Miami, FL (Retired in 2022)
- 2022-Present: Self Employed Real Estate Consultant facilitating government institutional or commercial bank transactions, privately sourced lending transactions, Underwriting commercial loans in the areas of commercial and residential real estate, including complex condominium lending, business (assets and inventory) and installment lending, including exotic collateral instruments. Extensive collections experience, residential and commercial foreclosures, dealing with bank attorney’s to liquidate defaulted assets, Loan Agreement Covenants, Synopsis Defaults.
- I have 53 years of working experience in underwriting loans in the areas of commercial and residential real estate, including complex condominium lending, business (assets and inventory), and installment lending, including exotic collateral instruments, for state and national banks with locations in South Florida. I also have extensive experience in collections, residential and commercial foreclosures, and in working with bank attorneys to liquidate defaulted assets. For the majority of my professional career, I held the position of Vice President or Senior Vice President in the financial institution with which I was employed. Since retiring from full time employment in 2022, I have continued to be actively engaged in commercial real estate lending as a consultant for James F. Perry & Co., a South Florida based mortgage broker serving a national market. I have been involved as a lending officer, interfacing with bank attorneys in litigation related to commercial and residential lending matters, particularly foreclosures, throughout my career.
Education
Financial Planning
Nova Southeastern University
Davie, FL01-2002
MBA -
University of Miami
Miami, FL01-1980
Banking
University of Florida School of Banking
Gainesville, FL01-1978
Bachelor of Arts - History
Florida State University
Tallahassee, FL01-1969
Skills
- Business (Assets & INventory) Lending
- Commercial Lending
- Complex Condominium Lending
- Installment Lending
- Exotic Collateral Instruments
- Credit Origination
- Branch Management
- Collections
- Foreclosures (Residential & Commercial)
- Liquidation of Assets
- Refinancing
Certification
- Licensed Florida Real Estate Broker: 1969-1973
Timeline
Assistant Cashier, Assistant V.P., V.P.
City National Bank of Miami
1969 - 1980
Financial Planning
Nova Southeastern University
MBA -
University of Miami
Banking
University of Florida School of Banking
Bachelor of Arts - History
Florida State University
- Licensed Florida Real Estate Broker: 1969-1973
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