Why BridgePoint?

The following list provides financial institutions, the ultra high net worth and family offices with a brief overview of what differentiates our company from our competitors:

1. Past Performance: We are amongst the few firms globally to have managed in excess of $500 million of real estate investment between 2005 and 2009 with a concentration on the United States and we continue to maintain 100% capital preservation record to date.
2. Ahead of the Pack: Having executed our first portfolio acquisition in April 2008 at an 82% discount, we are in a unique position to have entered and refined our distressed investment strategy approximately one year before this asset class became as prevalent due to the economic crisis.
3. Thorough Due Diligence: While the majority of competitors limit their portfolio due diligence to either a ratings-based approach (institutional) or a combination of BPO appraisals and title reports, we conduct the following due diligence on every individual property/non-performing mortgage prior to its acquisition:
   1. Customized BPO Appraisal: Analysis of the 30, 60, 90 day fire-sale value and the applicable renovation costs, if any.
   2. Encumbrance Report: A separate encumbrance report on each asset providing a detailed list of any and all applicable liens.
   3. Loan Documentation Review: Each set of loan documents are reviewed to ensure the enforceability of foreclosure.
   4. Risk Assessment Report: A 70-page risk assessment report analyzing the risks associated with the asset, the borrower, the location, regional trends, employment, etc.
   5. Chinese Dry Wall Inspection: For properties constructed from 2003, we require that an on-site inspection be conducted to ensure that the dry wall is not Chinese dry wall.
4. Effective Integration of Quantitative and On-The-Ground Experience: Much of the real estate sector is approached by either an "ivory tower", quantitative investment management approach, or an "on-the-ground" operations based management approach. We have developed systems and a management team that provides us with the unique ability to execute our processes efficiently, which maximizes profitability and mitigates risk.
5. Scalability: Through our third party relationships, we have the ability to scale assets under management to well over $1 billion. We are in a unique position to be able to purchase these third party sub-contractors, should the need arise, to ensure vertical integration. Our initial bottleneck for scalability is the recruitment and training of additional staff.
6. Minimal Competition: The majority of institutional capital pursuing distressed assets will not pursue THE SINGLE FAMILY RESIDENCE ASSET CLASS because they lack the infrastructure, operations and/or experience to acquire and manage these assets. Consequently, this provides us with the ability to acquire its portfolios at deep discounts without having to be subject to the customary competitive bidding common amongst the more popular asset classes such as commercial assets and multi-family units.
7. Self-Contained Exit Strategy: Through IPIN, we have developed a scalable proprietary platform providing ourselves with the advantage of not having to rely on third party organizations and/or routine disposition methods - providing us with a predictable method of capital preservation and profit maximization.