What markets do you actively seek investments?

What markets do you actively seek investments?

Our geographic focus are secondary and tertiary markets in the Pacific Northwest, Mid South and Southeastern regions of the United States, which possess diversified economies, meaningful population growth and strong employment growth.

Since real estate markets are cyclical and vary as to their value and potential within their local market, timing is key to location selection. We invest in high growth secondary and tertiary markets with one or more of the following characteristics:

  • Low unemployment
  • Stable economy with major long-term employers
  • Strong emerging markets where equity growth is on the upswing
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What are the possible outcomes for a NPL?

Our primary goal for exit on a note acquisition is to work with the borrower to restructure their loan and make it affordable for them to remain in their home. This is a win/win since the borrower can keep their house and the asset then generates long term cash flow. In the circumstance where the borrower cannot resume performance, we will take possession of the home via DIL or foreclosure and sell it on as a “bank owned” property, usually as-is to an investor looking to do a flip or a rental.

For loans where a restructure was successful and the loan is then performing, we will liquidate the performing loan at the current market value at the time of sale. Depending upon the final outcome, the Investor will have the opportunity to buy-out the manager based on the current asset value, should the investor want to keep collecting the cash flow on a performing note.

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What is involved with due diligence?

Assets purchased will be acquired through various channels developed by us in our course of business. These channels are a result of relationships developed with resellers, brokers, asset managers and online note brokerage businesses. Our due diligence process creates a normalized mortgage file review platform whether the files are fully intact or have eroded in the secondary market over time and trading.

We start by vetting the seller of the note, then check on borrower pay history, fair market value of the home,  location, market value dynamics, unpaid taxes, HOA dues, insurance, and subordinate liens. After an indicative offer is accepted we then review copies of the loan collateral files for key documents like the note, mortgage, chain of assignment integrity, allonges, and bankruptcy status/history of the borrowers.

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How can I participate in a Joint Venture with you?

To get started, just complete the Joint Venture Request form on our contact page. We will contact you within 2 business days to discuss your options and interest in partnering on a non performing note.

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