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$70MM+ in Student Loans for Sale

March 3, 2010 | Added by Vanessa

NEW THIS WEEK: 2 new student loan portfolios totaling over $70MM

New Seller: Medical University
Remaining Balance: $43,488,086
Number of Loans: 2173
Weighted Average Coupon: 7.67%
Average Original Term: 179 months
Average Amt. Financed: $18,843
Listing Expiration: 3/23/10

New Seller: Medical University
Remaining Balance: $30,769,655
Number of Loans: 1418
Weighted Average Coupon: 8.16%
Average Original Term: 162 months
Average Amt. Financed: $24,349
Listing Expiration: 3/23/10

MORE LOAN PORTFOLIOS LISTED BY SELLER MEMBERS

New Seller: IL Related Finance Company
Remaining Balance: $263,127
Number of Loans: 48
Interest: Rule of 78
Average Seasoning: 8 months
Avg. Remaining Term: 23 months
Listing Expiration: 3/8/10

Seller: TN Bank
Remaining Balance: $18,044,944
Number of Loans: 890
Weighted Average Coupon: 7.23%
Average Seasoning: 7 months
Average Remaining Term: 36 months
Listing Expiration: 3/18/10

Seller: NC Broker
Remaining Balance: $1,241,241
Number of Loans: 1
Weighted Average Coupon: 7%
Appraisal Value: $830,000 as of 2009
Listing Expiration: 3/8/10

Please log in to your DebtMarket account to find detailed
information on the portfolio listings below, or apply for free
membership.

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DebtMarket Featured on Banktech.com

March 2, 2010 | Added by Vanessa

How Much Risk Lurks in Your Loan Portfolio?
A new, eBay-style electronic marketplace for troubled loans tries
to give bankers a clear sense of what their distressed debt is worth.

By Penny Crosman
February 25, 2010

Although risk analytics tools are improving in terms of estimating the potential risk of loans, one element they often lack is precise calibration — a reasonably accurate estimate of what the loans are worth today and what a bank could sell them for if it had to lower its risk exposure or meet regulatory demands. “One thing bankers really need right now … is pricing expectations from the buy and sell side that they can take back to their risk models and their board of directors and know the way they should be thinking about write-downs,” says Mike Sheridan, CEO and president of DebtMarket, an online marketplace for buying and selling whole loan portfolios.  READ MORE

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$18MM PRIME AUTO LOAN PORTFOLIO FOR SALE

February 18, 2010 | Added by Vanessa

Please log in to your DebtMarket account to find detailed information
on the portfolio listings below. If you don’t yet have a DebtMarket
account, we invite you to register for an account.

***New***
Loan Type: Auto
Seller: Tennessee Bank
Remaining Balance: $18,044,944
Performance: Performing
Number of Loans: 890
Coupon: 7.23%
Avg. Remaining Term: 66 months
Listing Expiration: 3/18/10

MORE SELLER LISTINGS ON DEBTMARKET:

Loan Type: Commercial Mortgage
Seller: Mississippi Broker for National Bank
Remaining Balance: $88,334,976
Performance: Non-Performing
Number of Loans: 15
Property Locations: FL, OH, IN, MI, NC, NJ, NY, TN, TX
Property Type: Multi-Family
Avg. Original Term: 360 months
Avg. Remaining Term: 110 months
Listing Expiration: 3/9/10

Loan Type: Commercial Mortgage
Seller: North Carolina Broker for Regional Bank
Remaining Balance: $1,241,241
Performance: Non-Performing
Number of Loans: 1
Property Location: NC
Property Type: Residential Development
Original Term: 12 months
Appraisal Value: $830,000 as of 10/09
Listing Expiration: 3/8/10

Loan Type: Residential Mortgage
Seller: Nevada Investment Firm
Remaining Balance: $44,200
Performance: Performing
Number of Loans: 1
Property Location: OH
Coupon: 7%
Original Term: 84 months
Remaining Term: 30 months
2009 Tax Assessor’s Appraisal: $67,000
Listing Expiration: 2/25/10

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$88MM Commercial Mortgage Portfolio For Sale

February 16, 2010 | Added by Vanessa

NEW THIS WEEK: $88MM Commercial Multi-family Portfolio
Please log in to your DebtMarket account to find detailed information on the portfolio
listings below.

DEBTMARKET LISTINGS

Seller: Mississippi Broker for National Bank
Loan Type: Commercial Mortgages
Remaining Balance: $88,334,976
Performance: Non-performing
Number of Loans: 15
Property Locations: FL, OH, IN, MI, NC, NJ, NY, TN, TX
Property Type: Multi-Family
Avg. Original Term: 360 months
Avg. Remaining Term: 110 months
Listing Expiration: 3/4/10

Seller: North Carolina Broker for Regional Bank
Loan Type: Commercial Mortgage
Remaining Balance: $1,241,241
Performance: Non-performing
Number of Loans: 1
Property Location: NC
Property Type: Residential Development
Original Term: 12 months
Appraisal Value: $830,000 as on 10/09
Listing Expiration: 3/8/10

Seller: Nevada Investment Firm
Loan Type: Residential Mortgage
Remaining Balance: $44,200
Performance: Performing
Number of Loans: 1
Property Loacation: OH
Coupon: 7%
Original Term: 84 months
Remaining Term: 30 months
2009 Tax Assessor’s Appraisal Value: $67,000
Listing Expiration: 2/25/10

ABOUT DEBTMARKET MORTGAGE LISTINGS

Being a technology innovator, DebtMarket is working to apply our
successful model in the auto and student loan markets to more complex
products like residential and commercial mortgages.

We are currently in the process of major changes both on the portfolio
listing side and on the buyer side. Our efforts have resulted in the
listing of several commercial mortgage portfolios recently and we
expect to have many more in the near future.

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What’s Next When the Buyers Say No?

February 11, 2010 | Added by Vanessa

Selling your loan portfolio is more than just negotiating the acceptable price and sale terms. It’s about learning what the marketplace needs or expects from you before even reaching an agreement.

This article, recently published in American Express’ Open Forum, gives tips to entrepreneurs who were just rejected by the bank. Although the subject matter is slightly different, the principle of ’selling an idea’ still applies to sellers when marketing a loan portfolio:

The plan is perfect.

You’ve been dreaming about this idea for years.  You’ve written and edited and updated your business plan more times than you can count.  You’ve got mountains of numbers and solutions and market research ready to go.

You know your idea is a great one.

And the bank says no.

What’s next?

The absolute first lesson of any rejection is that everyone falls down sometimes. Everyone who has succeeded at anything in life has also failed at something in life.  We all hear “no” sometimes – that’s part of the story.

Still, the piece that separates the winners from the losers is that the winners are willing to pick themselves back up and try again. Read more

Bottom line: Don’t let defeat get the better of you.

Feb 03, 2010 -

The plan is perfect.

You’ve been dreaming about this idea for years.  You’ve written and edited and updated your business plan more times than you can count.  You’ve got mountains of numbers and solutions and market research ready to go.

You know your idea is a great one.

And the bank says no.

What’s next?

The absolute first lesson of any rejection is that everyone falls down sometimes. Everyone who has succeeded at anything in life has also failed at something in life.  We all hear “no” sometimes – that’s part of the story.

Still, the piece that separates the winners from the losers is that the winners are willing to pick themselves back up and try again.

Feb 03, 2010 -

The plan is perfect.

You’ve been dreaming about this idea for years.  You’ve written and edited and updated your business plan more times than you can count.  You’ve got mountains of numbers and solutions and market research ready to go.

You know your idea is a great one.

And the bank says no.

What’s next?

The absolute first lesson of any rejection is that everyone falls down sometimes. Everyone who has succeeded at anything in life has also failed at something in life.  We all hear “no” sometimes – that’s part of the story.

Still, the piece that separates the winners from the losers is that the winners are willing to pick themselves back up and try again.

Feb 03, 2010 -

The plan is perfect.

You’ve been dreaming about this idea for years.  You’ve written and edited and updated your business plan more times than you can count.  You’ve got mountains of numbers and solutions and market research ready to go.

You know your idea is a great one.

And the bank says no.

What’s next?

The absolute first lesson of any rejection is that everyone falls down sometimes. Everyone who has succeeded at anything in life has also failed at something in life.  We all hear “no” sometimes – that’s part of the story.

Still, the piece that separates the winners from the losers is that the winners are willing to pick themselves back up and try again.

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DebtMarket Bolsters Institutional Expertise with the Appointment of Three Key Executives

February 2, 2010 | Added by Vanessa

Over 50 years of management experience added, including the former CEO of GMAC ResCap

Los Angeles – February 1st, 2010 – DebtMarket, the world’s online marketplace for buying and selling whole loan portfolios, today announced the addition of three leading industry experts. Effective immediately, Stuart McFarland will serve as the Special Advisor for Capital and Federal Markets, and Jim Jones and Bob Feller will join as members of the Board of Directors.

Stuart McFarland previously served as CFO of Fannie Mae, as well as CEO of GE Capital Asset Management Corporation. Stuart has also served as the President and CEO of Pedestal. McFarland’s role will focus on outreach to various branches of government including GSE’s and the FDIC. Stuart will be representing DebtMarket in Washington DC, where he will open a liaison office.

Jim Jones, the former CEO of GMAC’s Residential Capital LLC brings with him over 30 years of management experience in commercial banking, consumer lending, and related financial services. Prior to his role as CEO, Jones served as the president of ResCap’s Residential Finance Group, CEO of Aegis Mortgage, and has also held senior positions at Providian, Bank of America, Wells Fargo and Citigroup. Jim will take a lead role in promoting the firm to marquee names in the residential and commercial mortgage space.

Bob Feller, former Chief Executive Officer of Capmark Financial Group (formerly known as GMAC Commercial Holding Corp) will support DebtMarket’s expansion into additional asset classes. Most recently Bob has served as Pitcairn’s Executive Vice President.

Scott Walchek, Co-Founder and Chairman of DebtMarket, said, “With this considerable boost to our intellectual capital, we will have a much stronger and more diverse offering for both buyers and sellers. Ultimately, building out a team with asset specific knowledge like this, will support the company’s growth objectives as well as the marketplace as a whole.”

“We are excited to bring in three high caliber executives, who will deliver a breadth of invaluable experience to our team,” added Mike Sheridan, Co-Founder and President of DebtMarket. “Jim, Stuart, and Bob will play an integral role at DebtMarket as the company expands its presence in the market, especially in regards to the commercial and residential mortgage space.”

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NEW THIS WEEK: $259K AUTO LOAN PORTFOLIO

February 2, 2010 | Added by Vanessa

We are featuring a $259k auto loan portfolio.  Please log-in to your DebtMarket
account to find detailed information on this loan and other portfolio listings.

**FEATURED** Seller: Tennessee broker on behalf of auto dealer
Asset Class: Auto
Remaining Balance: $258,674
Weighted Avg. Coupon: 24.94%
Number of Loans: 41
Avg. Seasoning: 4 months
Avg. Remaining Term: 28 months
Listing Expiration: 2/8/10

MORE DEBTMARKET LISTINGS

Seller: Nevada Investment Firm
Asset Class: Residential Mortgage
Remaining Balance: $44,200
Property location: OH
2009 Tax Assessor’s Appraisal: $67,000
Coupon: 20%
Remaining Term: 30 months
Listing Expiration: 2/4/10

Seller: North Carolina Broker
Asset Class: Commercial Mortgage
Remaining Balance: $26,540
Property Location: NC
Number of Loans: 1
Coupon: 7%
Appraisal Value: $830,000 as of 10/09
Listing Expiration: 2/6/10

If you don’t yet have a DebtMarket account, we invite you to register for an account.

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DebtMarket Hires Three Industry Experts

February 1, 2010 | Added by Vanessa

We are excited to announce the newest members of the DebtMarket advisory board. Our advisors, who come from Fannie Mae, GMAC and Capmark, will be guiding management as we break into new debt classes and launch new portfolio marketing tools to serve our growing segments. Please see below for the article posted today by Ivy Schmerken, of Advanced Trading.

DebtMarket Hires Three Industry Experts
Online marketplace for whole loan portfolios hires former executives from Fannie Mae, GMAC and Capmark.

By Ivy Schmerken, Advanced Trading
February 01, 2010

DebtMarket, an online marketplace for buying and selling whole loan portfolios, announced the hiring of three additional experts. Stuart McFarland will serve as special advisor for Capital and Federal Markets and Jim Jones and Bob Feller will join as members of the Board of Directors, effective immediately.

Stuart McFarland previously served as CFO of Fannie Mae as well as CEO of GE Capital Asset Management Corporation. Stuart also served as the president and CEO of Pedestal, an Internet-based, electronic trading platform for the purchase and sale of mortgage loans in the secondary market. McFarland’s role will focus on outreach to various branches of government including Government Sponsored Enterprises (GSEs) and FDIC. Stuart will be representing DebtMarket in Washington DC, where he will open a liaison office.  Read More

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$44k Residential Mortgage Portfolio for Sale

January 26, 2010 | Added by Vanessa

We are featuring a $44k  first residential mortgage secured by highly desirable
single family home in Northwestern Ohio. Borrower has an excellent payment
record. Please log in to your DebtMarket account to find detailed information
on this loan and other portfolio listings below.

FEATURED – Residential Mortgage
Seller: Nevada Investment Firm
Remaining Balance: $44,200
Property location: Ohio
Coupon: 7%
2009 Tax Assessor’s Appraisal: $67,000
Remaining Term: 30 months
Listing Expiration: 2/15/10

OTHER DEBTMARKET LISTINGS:

Seller: National Finance Company
Asset Class: Home Improvement
Remaining Balance: $18,299,512
Number of Loans: 4,790
Weighted Avg. Coupon: 20%
Avg. Seasoning: 10 months
Avg. Remaining Term: 49 months
Listing Expiration: 2/4/10

Seller: National Finance Company
Asset Class: Auto
Remaining Balance: $17,952,940
Number of Loans: 1,337
Weighted Avg. Coupon: 21%
Avg. Seasoning: 16 months
Wtd. Avg. Remaining Term: 50 months
Listing Expiration: 2/1/10

Seller: North Carolina Broker
Asset Class: Commercial Mortgage
Remaining Balance: $26,540
Property Location: North Carolina
Coupon: 7%
Appraisal Value: $830,000 as of 10/09
Listing Expiration: 2/6/10

To get more information on these portfolios, please log-in to your
debtmarket account. If you don’t yet have a DebtMarket account,
we invite you to register for an account.

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Loan Portfolio Sales in the 80s

January 19, 2010 | Added by Vanessa

Recent DebtMarket transactions include:

Seller: Florida Related Finance Company
Asset Class: Auto
Remaining Balance: $1.5MM
WAC: 20.69%
Purchase Price: 85%

Seller: Florida Finance Company
Asset Class: Auto
Remaining Balance: $1.3MMWAC: 21.94%
Purchase Price: 80%

DebtMarket makes it easier for sellers to find liquidity and higher pricing.

  • Access hundreds of buyers instantly.
  • Leverage our technology to market your listing – DebtMarket automatically summarizes your data and creates downloadable reports for buyers.
  • Get free, confidential pricing and other feedback on your listing. There is no obligation to accept bids and seller identity is private during an auction.
  • DebtMarket’s technology speeds transactions with system alerts and contract templates.
  • You only pay a fee if you close, and transaction fees (based on the purchase price) are very competitive.

DebtMarket helps buyers find the right deals more efficiently.

  • Filter your portfolio search by dozens of criteria to find the exact deals you want.
  • Let the deals come to you by submitting a Portfolio Wanted request to all DebtMarket sellers.
  • Communicate and negotiate with sellers directly on the DebtMarket platform.
  • Access loan level data, stratification sheets, seller surveys and seller profiles – all at no charge.
  • Conduct due diligence from your office – DebtMarket sellers upload all transaction documents to our secure online repository.
  • You only pay a fee if you close, and transaction fees (based on the purchase price) are very competitive.

If you don’t yet have a DebtMarket account and would like to learn more, please visit our website or feel free to contact us at 866-559-4339.

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