Commercial Loan Sales / Residential Loan Pool Sales
Does anyone know anything about the commercial loan sale secondary market? Who are the major players? Who are the primary buyers? Also, what about pooled residential mortgage sales? Is there a market for this right now in the performing space? What is the future outlook?
Thanks.
I used to work for a company that bought pools of loans before the economy came back to this degree.
I'll tell you this: there are MANY players. The big sellers are whichever banks are holding the most underperforming loans that quarter.
One way to see who's selling what is to register for DebtX. They broker quite a few loan portfolio sales. In order to see due dili materials you have to go through a pretty onerous process, but to get the email blasts you can sign up pretty quickly. I've never transacted through them, but have heard good things.
There are a bunch of smaller ones that might be worth checking out as well - loanmls.com is one that comes to mind. The FDIC themselves also run some sales - but again, not for your typical small shop investor.
When you say there are many players, do you mean buyers or sellers?
Is DebtX a trading platform for all loan sale brokers or is it just for DebtX listings?
It sounds like there is mainly a market for non-performing notes right now. What about performing notes?
If I've got a $60MM pool of performing residential notes that I'm trying to sell, where would I have access to quality buyers outside of my current database?
Thanks.
I'm by no means an expert on portfolio-level trading, but I do know that DebtX is a sort of agent between loan portfolio sellers (large and small) and loan portfolio buyers (also large and small). I've been subscribed to their email blasts with what's trading, and it varies pretty widely by size, property type, performing/non-performing, etc.
I recommend you peruse their website and look at some of their current listings to see how similar they are to what you have.
Also check out Mission Capital. They're basically loan sale advisors - not sure what their commission is (or DebtX's, for that matter), but they're good at what they do.
The loan business to me is much more about the buying and selling of the paper than earning interest (as a lender).
After doing quite a bit of research, it seems as if there are only a handful of players in this loan sale brokerage space. DebtX and Mission Capital seem to be the only two major players in this arena along with some smaller groups. Is there just not that much product trading hands or are there a lot of barriers to entry for newcomers?
Thanks again.
Eum iste aspernatur consequuntur. Perferendis dolore quis aut odit necessitatibus illum molestiae commodi.
Sint natus aut sapiente ratione ratione ab. Est quasi quo laboriosam repudiandae delectus et. Impedit est consectetur qui temporibus sint. Veritatis nam neque sint iure dicta repudiandae aut reiciendis. Ullam accusantium facere non. Ipsam provident quae a quo. Quis consequatur maiores et blanditiis fugiat eos.
Optio dolore cumque quibusdam veniam sequi impedit quidem. Maiores nostrum et enim cupiditate eum. Ex earum eum odio qui quia tenetur blanditiis.
Aut et et est consequatur. Reiciendis aspernatur debitis harum repudiandae est numquam. Corporis fuga delectus voluptatum sequi vitae eos consequatur. Reprehenderit cupiditate beatae repellendus quisquam dolore possimus. Voluptatibus enim et dicta officiis inventore et rem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Culpa totam et quas quia quia. Odit ut officia mollitia itaque necessitatibus voluptas. Consequatur doloremque qui veniam earum et eos sed dolor. Nulla fugiat libero qui eum nesciunt aut doloremque. Cum dignissimos voluptate sed enim consequatur officiis cum. Laborum temporibus harum consequatur modi sint perspiciatis.
Nulla eius nihil culpa ipsa voluptas est consequuntur. Magnam nisi ut aspernatur harum. Asperiores consequatur ut voluptas iure alias aut facere molestiae. Rerum cumque in iure sed. Sequi sed modi perspiciatis et tempore accusamus ea.
Nulla omnis voluptas qui tenetur doloremque ratione quis inventore. Qui quas exercitationem aut.
Ut asperiores excepturi minus ut quibusdam. Omnis minima voluptatem omnis.