Collateral assignment of mortgage David van Horn
Dave Van Horn I just watched your podcast on BP and was quite inspired. Congratulations on your many years of success.
I have a rapidly growing portfolio of performing notes and liked your suggestion of collateral assignment of mortgage to free up capital.
1.Could you recommend any banks, funds , or institutions who would be interest in providing capital with this collateral ?
2. What percentage of UPB is common for them to loan against ? Do they take the servicer’s recent statement as verification ?
3. What would be a fair typical rate the investor would offer ?
Your reputable advice is much appreciated.