Mortgage Loan Acquisition Firm Expands Purchasing Abilities Geared Towards Residential Loan Portfolios Nationwide
California-based mortgage loan acquisition outfit has recently expanded their purchasing abilities to included residential, first-position mortgage loan portfolios including: performing, sub-performing, re-performing and non-performing - nationwide
SAN FRANCISCO, CALIFORNIA - Amerinote Xchange, LLC, the fastest growing California-based loan acquisition firm has recently added a new funding platform to their loan acquisition abilities when it comes to the purchase and (in-house) management of first position residential mortgage loan portfolios including: residentially-zoned performing, sub-performing, re-performing and non-performing assets - nationwide.
Until recently, Amerinote Xchange has only focused their capital towards the acquisition of individual performing residential mortgage loans (both private and institutionally originated) as well as commercial performing/non-performing mortgage loans for their in-house portfolio.
Effective July 01, 2012 (at the beginning of quarter three 2012), AX will now consider and review all residential mortgage loan pools in all fifty states, nationwide.
“The criteria will allow for the acquisition of residential mortgage loan pools at this time, although we do require that there be a ten million dollar balance minimum as well as all loans being in the first position”, says the Director of Loan Acquisitions, Abby J. Shemesh.
Mr Shemesh goes on to say; “our investment appetite in existing mortgage loans as an investment has evolved over the past three to four years (since the 2008 banking crash), which used to be completely geared towards commercial loan pools only. We finally feel comfortable enough now that we are ready to take on the many residential mortgage loan portfolios that are now available by owners who have decided to take their assets to market for liquidation.”
“As long as the assets within said portfolios are in the first position, each loan has at least a average unpaid balance of one hundred thousand dollars or greater and the total pool’s unpaid balance is ten million or higher, we will review the asset(s) for acquisition. The higher the total unpaid balance of the pool, the more attractive it would be as an investment for our fund, as far as our team is concerned”.
To learn more about selling a mortgage loan portfolio or to receive additional details on AX’s purchase criteria, please feel free to visit their website at: www.AmerinoteXchange.com
- Contact Information
- Molly Corson
- VP of Marketing
- Ameirnote Xchange, LLC
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