Mortgage Note/Trust Deed Purchases (Performing & Non-Performing)
Are you looking to sell a whole loan portfolio? RECC's Loan Acquisitions Group directly acquires performing and non-performing loan pools secured by real estate nationwide.
Our Loan Acquisitions Group performs diligently and discretely and does not use brokers to "shop" deals. We source directly for our fund.
The process:
Step #1. The selling bank submits a general overview or tape containing key data including: Asset Class, Unpaid Balance, Lien Position, Geographical Concentration, LTV, etc.)
Step #2. Our Loan Acquisitions Group reviews the loan pool data and responds with an Indicative Bid or indication of interest. This process generally takes 2-3 days. The parties enter into a confidentiality agreement and a loan-level data tape or file is requested at this time.
Step #3. Following a loan-level review a Final Bid is offered to the seller.
Step #4. Closing. If the bid is accepted, a Loan Sale Agreement is executed and the sale is promptly closed.
Acceptable Loan Pool Types:
Commercial (Investor loans and Owner-User)
Loans secured by real estate located in all 50 states with no geographical constraints
Call 704-350-5071 today to discuss the many ways in which Real Estate Capital Company can increase the liquidity and profitability of your bank.
Note Purchases