Looking for Virginia Investors - Commercial/Residential Assets
Looking to connect with some Virginia based investors or investors interested in the Virginia, Maryland, DC area. We are working through liquidating a portfolio of mostly commercial loans with some residential loans and a very small amount or REO.
The portfolio consists of performing, non performing, restructured performing and REO. These are small community bank type loans. Average balance is around $1.5 Million with some smaller loans around $250,000. Most loans exceed 100% LTV with an estimated average haircut around 30% to 40% to today's As Is value.
This is not a bulk sale in any manner. The assets will be sold off one by one or in small groups. Institutional investors or similar high return based investors will have a difficult time delivering an acceptable offer. The assets will be reconciled to an agreed upon value but deep discounts there after will not likely be successful offers.
We can be broker friendly but not broker chain friendly, sorry. We are really interested in the end investor. If this is of any interest to some folks here on BP, please feel free to contact me via BP message. I will be happy to address any public questions as well.
Thanks and happy investing.
