Commercial Non Performing Note Buyers
The Buyers Utopia network of investors is actively seeking opportunities to purchase pools of performing, sub-performing and non-performing commercial loans. The size of the loan pools we are looking to purchase must have outstanding principal balance of between $1 million to $400 million and primarily be commercial loans. If you are a regional bank asset manger, insurance company or specialty finance company executive and would like to get debt of your books in a discrete manner we can assist.
Loans can be purchased in all 50 states. We are interested in purchasing performing, sub-performing and non-performing commercial loans of all types. Although most of the loans that we purchase are secured by some form of real estate, many of the loan pools that we purchase do contain some unsecured business loans, revolving lines of credit secured by accounts receivable and inventory and loan participations. We are not interested in purchasing large residential real estate development loans, or in purchasing pools of consumer loans, or single family residential mortgages.
To start an analysis of any loan pool the seller will be requested to provide us with a data detailing, among other things, the date the loan was originated, the original principal balance, the current principal balance, the loan’s current interest rate, the date and amount of the last payment received, the amount of money collected on the loan in the past 12 months, a brief description of the borrower, a brief description of the collateral securing the loan and the current status of the loan (e.g. performing, slow pay, bankruptcy, foreclosure, forbearance, etc.). Upon receiving all the pertinent data, the goal is to quickly determine the projected range of a bid for the loan pool. If the range of our bid is acceptable to the seller, then a time to review the loan files will be scheduled in order to determine a final bid amount. We strive to move quickly and a typical transaction takes only two to four weeks to close from receipt of the initial data on the commercial loan portfolio.
Attention: Asset Mangers & Servicer’s Our network is actively engaged in acquiring and working out commercial non performing loan’s and portfolio’s. Our focus is on small balance commercial deals from $250,000 – $5,000,000 Contact Us Today !