Certain loans incur significant costs and internal resources to manage. Generally, these type of loans generate payments or other recoveries that are not great enough to justify the expenses associated with servicing the loans. The need for disposition of these loans often is time sensitive and associated with a borrower’s rapidly diminishing financial resources, potential litigation or bankruptcy. These loans also are typically barely performing or are non-performing and were originated by a fairly standard set of loan documents.
FFN's monthly pipeline sales provides an ideal sale vehicle that often achieves a higher yield through competitive sale than through internal or third party recovery methods. FFN handles all data, documentation and due diligence management through a standardized, yet competitive, monthly sale process with a select, targeted group of buyers. Sale preparation, due diligence and the closing process are conducted in an efficient and abbreviated manner.
FFN's clients leverage the monthly pipeline sales program to efficiently move these loans off their books, create immediate liquidity, free up internal resources and achieve a proven higher yield through a transparent, competitive loan sale.
Call us at 405-748-4100 or email us at email@example.com to learn more about the process.