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Our Portfolio Loan Parameters are as follows:
Our Minimum Portfolio Size = $5,000,000. 00
This is the appraised property value amount
We Purchase Performing Loans in All 50 States
We Purchase both Residential and Commercial Portfolios
Residential –
Appraised Property values should average at least $100,000. 00+
We Are Not purchasing pools with low property values under $100,000. 00
Prefer Owner Occupied First Position Notes Only
Commercial –
Property values should average at least $500,000. 00
No Warehouses
First Lien Position Notes Only
At least Three Months Seasoning
WE DO NOT PURCHASE R.E.O PROPERTIES
The definition for a “Non Performing” loan is a loan that has not been paid on for over 90 days, but has not yet been foreclosed on (i.e. the banks “distressed assets”, also known as “special assets” or non performing loans.)
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