Updated over 12 years ago on .
Performing Loans for Sale
We are selling off a pool of 36 loans in a cherry pick fashion. Some of the loans are sub-performing and re-performing. We own all of these loans. This is first come first serve.
Loan characteristics (WA = Weighted Average):
WA UPB 71,869
WA BPO 58,404
WA LTV 1.45 (145%)
WA RATE 10.44%
1 loan is a Mobile home, the rest are SFR.
State UPB ($) BPO ($) Ave Rate (%)
CO 1 33,071 41,000 11.00
GA 1 110,353 41,000 10.00
IA 1 69,730 39,000 11.00
IL 1 128,754 39,000 10.00
MO 2 98,228 70,000 10.50
OH 1 42,008 34,600 11.00
OK 1 39,547 35,000 11.00
TX 28 1,611,195 1,486,885 10.55
The table above is the state concentration. First column, state, second column is the number of loans we have in that state. Third number is the UPB (Unpaid Balance) as of 12.1.12. The fourth column is the BPO (Broker Price Opinion) value as of 12.15.12. The fifth column is the average rate. (I don't know how to make this table look better, sorry)
Prior to issuing the pool we must have an Non-Disclosure Agreement on file from you, the potential buyer. Further vetting may be required on a case by case basis at our discretion.
If you have interest feel free to contact me. If I am not familiar with you, please include a little background on yourself when you reach out. Please don't respond asking to show you the pool without a brief background that ties back to your capacity and competency in purchasing loans. We will work with all levels of investors.
I am happy to address any questions as needed.