Ready Cap Loan Sales
Ready Cap went out with two Loan portfolios. Does anyone know if they ended up trading? If so, what kind of discount did they sell for?
Ready Cap went out with two Loan portfolios. Does anyone know if they ended up trading? If so, what kind of discount did they sell for?
Career Resources
They just take offers in the last week or two so it's tough to say
What was the bidding range?
bump interest - they must be selecting bids by now.
Does anyone know the close date?
Are they selling off individual loans? If so is Newmark marketing. I heard they are selling everything but the kitchen sink and there have been massive layoffs.
I heard about the two large portfolios, which had been reported on.
Did you hear about the layoffs from a reliable source?
What other loans are they selling? Are their warehouse lines forcing the sales?
I know multiple people that were laid off last year. I know of two personally that got let go last month. They told me there were plenty of others. They bought Broadmark and took over $1B worth of poor performing bridge loans with majority in construction and land. Now they have to do fire sales to get out.
If I recall, Wells is the warehouse lender, and I am not sure if they are no longer funding the line
sounds bad
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