financial institutions

Need to Sell Non-Performing Loan Pools?

Many financial institutions are experiencing pressure from management, the board of directors or regulators to liquidate pools of non-performing or sub performing loans or REO properties. Financial institutions are finding themselves in need of liquidity and not interested in selling non-performing assets to the newly formed government sponsored buyer. Silverleaf Financial LLC has a seasoned team of professionals that brings together risk willing fresh capital for the specific purpose of buying such pools of loans and REO assets.

Silverleaf Financial can respond quickly and efficiently to conduct its due diligence and make an offer on non-performing assets. Silverleaf typically needs access to most loan file documents, property address, loan collection history with collector′s notes, status of any legal action and any historical or current appraisal information. It is preferable if this documentation is in electronic form by individual credit. However, paper based files can also be used at the financial institution′s premises. Silverleaf is prepared to sign appropriate confidentiality agreements. Silverleaf′s due diligence process typically takes approximately two weeks.

Silverleaf typically only buys assets that are first position liens or REO. Other important considerations are geographic dispersion of assets, economic conditions in the market of the assets, average size of credits with larger credits being more interesting and loan history, among others. Values of original loan portfolios purchased typically range from $10 million to $100 million. Should you want further information, please e-mail us at
loansale@silverleaf-financial.com